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  • TRW Automotive gets preliminary acquisition offer Thursday, 10 Jul 2014 | 1:14 PM ET

    LIVONIA, Mich.— Auto parts supplier TRW Automotive said Thursday that it has received a preliminary acquisition offer. TRW Automotive Holdings Corp. said that it will continue to use its existing business plan during its review, which does not have a set timetable. The company's stock rose $7.74, or 8.5 percent, to $99.14 in afternoon trading.

  • TRW Automotive confirms getting takeover offer Thursday, 10 Jul 2014 | 12:58 PM ET

    July 10- Auto parts supplier TRW Automotive Holdings Corp said it had received a preliminary takeover proposal and was in the process of evaluating the offer. Bloomberg reported earlier that TRW had received a takeover approach from German auto supplier ZF Friedrichshafen AG, citing a person familiar with the matter.

  • July 10- U.S. auto parts supplier TRW Automotive Holdings Corp is in early-stage sale talks with Germany's ZF Friedrichshafen AG, Bloomberg reported, citing people familiar with the matter. ZF Friedrichshafen values TRW at about $11 billion to $12 billion, although no specific price has been discussed, a person familiar with the matter told Bloomberg.

  • "Until now, we just couldn't take the plunge," said Takashi Nanki, director and general manager at Shima Seiki Mfg Ltd, whose knitting machines make sweaters and knitwear for the likes of Gucci, Prada and Benetton. As a result, corporate Japan sits on a cash pile of some 232 trillion yen, according to Bank of Japan data.

  • DETROIT, June 30- Takata Corp, the Japanese auto parts maker, said potentially defective air bag inflators, that could explode with too much force, were also shipped to Japanese automakers Subaru and Mitsubishi Motors Corp.

  • FRANKFURT, June 27- Daimler AG and Nissan Motor Co are jointly investing $1.36 billion to develop premium small cars and build a factory in Mexico, the companies said on Friday, in a step that deepens cooperation between the Mercedes-Benz and Infiniti brands.

  • NEW YORK, June 26- Graeme Hart, whose packaging conglomerate made him New Zealand's richest man, is in the early stage of exploring options for his U.S. auto parts businesses, which he acquired for nearly $2 billion in 2011, according to people familiar with the matter.

  • Alcoa to buy jet engine component maker for $2.85B Thursday, 26 Jun 2014 | 10:31 AM ET
    Aluminum rods displaying the Alcoa Inc. logo

    Alcoa announced it plans to acquire jet engine component maker Firth Rixson from Oak Hill Capital Partners for $2.85 billion in cash and stock.

  • *Takata CEO says still examining recall costs- shareholder. TOKYO, June 26- Japanese auto parts maker Takata Corp could face a $500 million charge and a net loss this year- its second in three years- as a widening recall of air bag inflators begins to kindle worries despite its deep pockets.

  • TOKYO, June 26- Japanese auto parts maker Takata Corp could face a $500 million charge and a net loss this year- its second in three years- as a widening recall of air bag inflators begins to kindle worries despite its deep pockets.

  • Massive air bag recall could drive Takata into the red Wednesday, 25 Jun 2014 | 5:00 PM ET

    TOKYO, June 26- Japanese auto parts maker Takata Corp could face a $500 million charge and a net loss this year- its second in three years- as a widening recall of air bag inflators begins to kindle worries despite its deep pockets.

  • American Securities has had advanced discussions with investment banks about merging Metaldyne LLC, HHI Group Holdings LLC and Grede Holdings LLC, and has drawn up plans for a subsequent initial public offering, the people said this week.

  • *Thailand enjoys big advantage in supplier base, skilled workers. *Japanese manufacturers looking a Indonesia, India in longer term.

  • May 27- AutoZone Inc, the second-largest U.S. auto parts retailer, reported a 7.4 percent rise in quarterly profit on higher demand for auto parts from Mexico, Brazil and North America. Net income rose to $285.2 million, or $8.46 per share, in the third quarter ended May 10 from $265.6 million, or $7.27 a share, a year earlier. Revenue rose 6 percent to $2.34 billion.

  • Ignition switches, parking fails: Recalled cars Friday, 16 May 2014 | 2:09 PM ET
    1980 Ford Thunderbird

    Since 1969, millions of cars have been recalled after being deemed threats. CNBC.com takes a look at these cars, from the 1971 Pinto to this year's growing list of recalls.

  • Corporate culture: Behind the scenes at GM Friday, 16 May 2014 | 12:39 PM ET
    Mary Barra testifying on Capitol Hill on April 2, 2014, about faulty GM ignition switches.

    To understand how General Motors failed to address major safety problems, you have to examine the culture there before Mary Barra became CEO.

  • Chevy dealerships: The face of the recall Friday, 16 May 2014 | 12:33 PM ET
    Brand new Chevrolet cars are displayed at a Chevrolet dealership in Colma, California.

    When a major recall is announced, dealerships find themselves on the commercial front lines.

  • May 15- Auto parts retailer Advance Auto Parts Inc reported a 21 percent rise in quarterly profit, helped by the acquisition of the biggest operator of the Carquest chain of auto repair shops and car parts stores.

  • *Full-year NAV per share 348 pence vs forecast 332-344 p. LONDON, May 14- British private equity firm 3 i will stay away from bid battles and expensive deals, as it seeks to learn from past mistakes when investing a planned 500 million pounds in mid-sized businesses over the coming years.

  • May 8- Canadian auto parts maker Magna International said quarterly net profit rose nearly 7 percent as demand improved in North America and Europe, and the company raised its production sales forecast for the regions.