Chrysler is recalling almost 189,000 Jeep Grand Cherokees and Dodge Durangos in the U.S. to fix a fuel pump problem that can cause the SUVs to stall.» Read More
Aug 18- Weak demand for alternative fuel vehicles and increasing competition in Europe are weighing on Fuel Systems Solutions Inc at a time when its peers are riding a recovery in the U.S. auto industry.
WASHINGTON, Aug 15- U.S. industrial production edged higher in July, as production of auto parts and motor vehicles jumped 10.1 percent, according to data released by the Federal Reserve on Friday. Industrial production rose 0.4 percent, which was unchanged from June. The June increase was previously reported at 0.2 percent.
China's recent anti-monopoly law enforcement may be less about targeting foreign companies than combating another potential threat: income inequality.
Aug 8- Canadian auto parts maker Magna International Inc reported a higher-than-expected rise in quarterly profit and raised its full-year sales forecast, helped by strong demand in North America and a continued recovery in Europe.
Aug 8- Magna International Inc, one of the world's largest auto parts makers, reported a higher second-quarter profit bolstered by robust demand in North America and continued recovery in Europe. Net income attributable to the company rose $510 million, or $2.32 per share, in the quarter ended June 30, from $415 million, or $1.78 per share, from a year earlier.
TOKYO, Aug 7- Auto parts maker Takata Corp said it expects a record net loss of 24 billion yen in the year to March 2015, hit by one of the biggest series of recalls in automotive history due to potentially explosive air bag inflators.
SHANGHAI/ BEIJING, Aug 7- China has suspended work at more than 200 factories in an eastern province for safety checks as part of a nationwide review following an explosion at an auto parts plant that killed 75 people, government officials and state media said.
Aug 6- Auto parts maker Visteon Corp reported an 11 percent rise in quarterly revenue and raised its full-year profit forecast as higher vehicle production boosts. The company raised its full-year earnings forecast to $2.98- $3.62 per share from $2.21- $3.09.
Aug 6- Auto parts maker Visteon Corp reported a 11 percent rise in quarterly revenue as higher vehicle production boosted sales of its climate control products. Visteon said $258 million of sales in its interiors business were reclassified as discontinued operations since it is divesting a majority of the business.
BEIJING, Aug 6- China has shut 214 factories for safety risks in a city where an explosion at an auto parts factory last week killed 75 people, state media said on Wednesday. Based about an hour's drive from Shanghai, Kunshan Zhongrong polishes wheel hubs for automakers including General Motors Co The blast is China's worst industrial accident in a year.
Emerging market currencies are likely to remain weak for the long term, and that's spurring a strategy shift, General Motors said.
NEW YORK/ FRANKFURT, Aug 4- German auto parts maker ZF Friedrichshafen AG is considering selling its steering business as part of its proposed acquisition of U.S.-based TRW Automotive Holdings Corp, to resolve expected antitrust issues, people familiar with the matter said on Monday.
HONG KONG/ BEIJING, Aug 4- The preliminary findings of a probe into an explosion at an auto parts factory that killed 75 people on Saturday show that the company bears the main responsibility for the incident, state media reported on Monday.
DETROIT, Aug 1- The U.S. auto industry hasn't appeared so healthy for years. And yet, a minority on Wall Street and in the autos business are seeing reasons to be wary. Among those seeing a glass half empty is Morgan Stanley auto analyst Adam Jonas who says we may be heading towards what he terms "peak auto."
WASHINGTON, July 31- A former executive of Japanese auto parts maker G.S. Electech Inc pleaded guilty on Thursday to conspiring to fix the prices of parts used on anti-lock brakes and was sentenced to 13 months in a U.S. prison, the Justice Department said.
July 31- Auto-parts maker BorgWarner Inc's full-year profit forecasts fell short of analyst expectations, sending its shares down 4 percent in early trading. BorgWarner raised its 2014 profit forecast for the second time in six months, to $3.25- $3.35 per share, from its previous forecast range of $3.15- $3.30 per share.
WOLFSBURG, Germany, July 29- Volkswagen's move to add extra German production shifts for its top-selling Golf hatchback, which the group has attributed to strong demand, is also due to problems adjusting to its flagship new manufacturing platform, company sources told Reuters.
BERLIN, July 19- German car parts supplier ZF Friedrichshafen believes buying U.S peer TRW Automotive Holdings Corp would give it a better foothold in the market for self-driving and connected cars, its finance chief told a German paper.
July 18- U.S. auto parts maker Johnson Controls Inc reported a 3 percent rise in quarterly revenue, as demand rose for its car seats, and the company said it expected its cooling and heating systems business to return to growth in the current quarter.
July 18- Johnson Controls Inc, the largest U.S. auto parts maker, reported a 3 percent rise in quarterly revenue, as revenue from its car seats and interior parts business rose 7 percent. Demand in the business was driven mainly by China, which contributed $1.8 billion to the division's revenue of $5.7 billion in the third quarter ended June 30.