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  • Feb 12- Honda Motor CEO Takanobu Ito, under fire for how he is dismantling the traditional way the Japanese car maker sources parts and technologies, has resisted moves for his ouster and will fight on for another two-year term, according to four people with direct knowledge of the matter. Ito took over in 2009, and for the past three years has shaken up Honda's...

  • Feb 9- Canada's Uni-Select Inc said it would sell its U.S. auto parts distribution business to activist investor Carl Icahn's investment company Icahn Enterprises LP for about $340 million. Icahn Enterprises said in a regulatory filing that the business acquired from Uni-Select would be operated independently from its auto parts subsidiary...

  • Feb 9- Canada's Uni-Select Inc said it would sell its U.S. auto parts distribution business to an affiliate of Icahn Enterprises LP for about $340 million. The deal includes nearly all the assets of Uni-Select USA Inc and Beck/Arnley Worldparts Inc and excludes Uni-Select's FinishMaster paint and coatings business. Uni-Select said it expected to incur an...

  • TOKYO, Feb 5- Japanese auto parts maker Takata Corp booked nearly $30 million in extra charges to cover vehicle recalls to replace potentially deadly air bag inflators, as well as other costs, pushing it to a bigger loss this year than previously forecast. Takata, at the center of a long-running global recall crisis, said on Thursday said it booked a total special...

  • Feb 3- Activist investor Mick McGuire said Tuesday Lear Corp's stock price could surge by nearly 50 percent if the auto supplier splits into two publicly traded companies, a proposal that Lear's management said it was considering. McGuire's $3- billion hedge fund Marcato Capital Management, which owns 4.6 percent of Lear's shares, proposed dividing the auto...

  • WASHINGTON, Feb 2- Japan's Minebea Co Ltd has agreed to plead guilty to fixing the prices of ball bearings and to pay a $13.5 million criminal fine, the U.S. Justice Department said on Monday. Minebea's plea brings to 34 the number of companies which have been charged with fixing prices of auto parts in the United States. Other auto parts companies that have settled...

  • FRANKFURT, Jan 30- A boom in demand for car safety systems will help German engineer Robert Bosch to boost sales and profit margins this year, it forecast on Friday. The company, a major supplier of electronic and mechanical automotive components, said preliminary figures showed group sales reached 48.9 billion euros last year, up 6.2 percent on the year before,...

  • DETROIT, Jan 29- Honda Motor Co said on Thursday that a driver was killed last week in a Houston suburb in a 2002 Accord equipped with a Takata Corp air bag that may have ruptured. The Harris County Sheriff is investigating the crash, which occurred Jan. 18 in Spring, Texas, north of Houston, and identified the driver as 35- year-old Carlos Solis. Takata's handling of air...

  • For more than a year Ford has said its ability to get auto parts for its operations in Venezuela have been hampered by the valuation of the Venezuelan bolivar, and made the accounting change effective Dec. 31. General Motors Co, Clorox, Procter& Gamble, Baker Hughes and Brink's have also taken hits to their respective bottom lines in the past year because of the...

  • WASHINGTON, Jan 22- An executive with the Japanese auto parts maker Takata Corp was indicted on Thursday for conspiring to fix the prices of seat belts sold to carmakers, the U.S. Justice Department said. Hiromu Usuda, a sales executive for Takata from 2005 to 2011, is accused of meeting with executives of other companies that make seat belts to reach agreements on...

  • TOKYO, Jan 16- Japanese Transport Minister Akihiro Ohta said on Friday his ministry was considering whether to revise existing laws to beef up oversight of auto parts suppliers in the wake of massive recalls of auto parts maker Takata Corp's air bags. The spate of Takata- related recalls- more than 20 million cars have been recalled worldwide over faulty air bags-...

  • TOKYO, Jan 16- Japanese Transport Minister Akihiro Ohta said on Friday the ministry was considering whether it needs to revise existing laws to inspect auto parts companies in the wake of massive Takata Corp recalls. Millions of cars have been recalled worldwide over Takata's air bags, which can explode with too much force and spray shrapnel in cars.

  • DETROIT, Jan 14- Internet search company Google Inc has begun discussions with most of the world's top automakers and has assembled a team of traditional and nontraditional suppliers to speed efforts to bring self-driving cars to market by 2020, a Google executive said on Wednesday. They've got a lot to offer, " Chris Urmson, director of Google's self-driving...

  • Google partners with auto suppliers on self-driving car Wednesday, 14 Jan 2015 | 2:02 PM ET

    DETROIT, Jan 14- Internet company Google Inc has begun discussions with most of the world's top automakers and has assembled a team of traditional and nontraditional suppliers to speed up efforts to bring self-driving cars to market by 2020, a top Google executive said on Wednesday. They've got a lot to offer, " Chris Urmson, director of Google's self-driving car...

  • IKEDA, Japan, Jan 14- When Daihatsu Motor Co launched the Mira e: S minicar in 2011, the Toyota affiliate thought it had found a model for emerging markets. The automotive keiretsu system, pioneered by parent Toyota Motor Corp. and widely adopted by rivals, was acclaimed across the world in the 1980 s and 1990 s as an ingredient in Japan Inc's success.

  • TORONTO, Jan 12- Canadian auto-parts manufacturer Linamar Corp will add up to 1,200 jobs at a facility in Guelph, Ontario, developing fuel-efficient transmissions, with 10 percent of the new investment paid by the Canadian government, the government said on Monday. The government will make a C $50.7 million repayable contribution to Linamar's C $507 million...

  • WASHINGTON, Jan 6- A former executive of Japan's Toyoda Gosei Co Ltd has agreed to plead guilty to price fixing and rigging bids for auto parts made for cars sold in the United States, the Justice Department said on Tuesday. Toyoda Gosei is among 32 companies that have pleaded guilty to fixing the prices of dozens of car parts. Horie, a former Toyoda Gosei sales...

  • TOKYO, Dec 14- Takata Corp. has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, according to people involved. Takata, whose exploding air bags have caused five deaths and a recall of more than 20 million vehicles...

  • MEXICO CITY, Dec 11- General Motors will invest $5 billion in Mexico to double its production capacity at its plants around the country, Mexican Economy Minister Ildefonso Guajardo said on Thursday. The investment would be made through 2018, said Ernesto Hernandez, president and managing director for General Motors in Mexico. The investment will be directed...

  • Dec 9- AutoZone Inc, the second-largest U.S. auto parts retailer, reported a higher-than-expected quarterly profit, helped by lower gas prices and colder-than-usual weather that encouraged customers to ready their cars for a harsh winter. AutoZone's shares rose 3.3 percent in premarket trading. AutoZone said on Tuesday sales were also helped by low gas...