Dec 10- AutoZone Inc, the largest U.S. auto parts retailer, reported a better-than-expected quarterly profit as it focuses on its fast-growing business that sells to auto repair chains to offset weakness in its main do-it-yourself market.» Read More
Nitrous oxide has become a go-to method to increase speed in vehicles. Many drag racers love it, but Jeff and Perry believe it is the fastest way to ruin your car.
Dearborn, Mich., Oct 21- The recent surge in U.S. auto production is hurting vehicle quality because automotive parts suppliers have less time to fix problems that emerge on the line, Ford Motor Co's new global purchasing chief told reporters on Monday. U.S. auto sales are on pace to reach 15.6 million units this year, according to J.D. Power and LMC Automotive.
DETROIT, Oct 20- The Mexican auto industry is about to go on a $10 billion factory building spree, illustrating the nation's rising economic challenge to rivals from the United States to China.
Oct 16- Advance Auto Parts Inc will buy 1,418 outlets of the Carquest chain to boost its auto repair operations to complement its car parts business, sending its shares up as much as 20 percent to a record high.
Advance Auto Parts Inc will buy General Parts International Inc for just over $2 billion, creating the largest North American retailer of auto parts.
Oct 16- Advance Auto Parts Inc will buy General Parts International Inc for just over $2 billion, creating the largest North American retailer of auto parts, as strong new car sales hit demand for repair and replacement.
Oct 16- Advance Auto Parts Inc said it would buy General Parts International Inc in a deal that values the closely held company at $2.04 billion, creating the largest automotive after-market parts provider in North America.
Oct 16- Advance Auto Parts Inc plans to buy closely held General Parts International Inc for just over $2 billion, the Wall Street Journal reported, citing people familiar with the matter. The deal, expected to be announced Wednesday, would create one of North America's largest after-market auto parts retailer, the Journal said.
Navigating an auto auction can be tricky. Jeff Allen and his father, Tom Souter, reveal the secrets to getting the best price.
NEW YORK, Oct 11- Crestview Partners is seeking a buyer for Key Safety Systems, a supplier of airbags, seatbelt systems and other car safety components that could be valued at more than $800 million, according to several people familiar with the matter.
TOKYO, Oct 10- Takata Corp will pay $71.3 million to settle antitrust charges brought by U.S. federal prosecutors over price fixing on seatbelts sold to carmakers, the Japanese auto parts maker said on Thursday. A Takata executive in the United States, Gary Walker, previously agreed to plead guilty to price fixing, Takata confirmed on Thursday.
DETROIT, Oct 10- When General Motors Co Vice Chairman Steve Girsky slid into a Cadillac SRX luxury crossover vehicle specially equipped to drive itself, his reaction echoed that of many consumers as more self-driving technologies are rolled out.
DEARBORN, Michigan, Oct 7- Ford Motor Co is expanding its manufacturing footprint in emerging markets and overhauling its production methods to give it more flexibility and reduce plant downtime, company executives said Monday.
Oct 2- Toyota Motor Corp projected a drop in 2014 domestic production, expecting sales to fall after consumption tax is increased in April, business daily Nikkei reported. Toyota notified major parts suppliers of its projection of an output of about 3 million vehicles next year- down by 350,000 cars from the planned output this year, Nikkei said.
Mazda is recalling 161,400 Mazda6 sedans in the United States because loose screws could cause the side doors to come open.
WASHINGTON, Sept 26- Nine companies based in Japan and two executives have agreed to plead guilty and to pay a total of more than $740 million in fines for their roles in long-running conspiracies to fix the prices of auto parts sold to U.S. car manufacturers, the Department of Justice said on Thursday.
The department said that price-fixed automobile parts were sold to Fiat SpA affiliate Chrysler Group LLC, Ford Motor Co and General Motors Co, as well as to the U.S. subsidiaries of Honda Motor Co Ltd, Mazda Motor Corp, Mitsubishi Motors Corp, Nissan Motor Co Ltd, Toyota Motor Corp and Fuji Heavy Industries Ltd's Subaru.
The auto parts companies will pay more than $740 million in criminal fines, reports CNBC's Scott Cohn with the update.
The Justice Department announce auto parts companies will pay more than $740 million in criminal fines, reports CNBC's Scott Cohn.
FRANKFURT, Sept 26- Germany's Rheinmetall, an auto parts and military equipment manufacturer, is looking to branch into oil and gas services to gain access to new customers for its defence business at a time when European countries are slashing budgets.