Auto Parts and Equipment


  • 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.

  • Auto parts maker Visteon's quarterly revenue rises Wednesday, 6 Aug 2014 | 7:30 AM ET

    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.

  • China suspends work at 214 factories after deadly blast Wednesday, 6 Aug 2014 | 6:15 AM ET

    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.

  • Weak EM currencies a challenge: GM Tuesday, 5 Aug 2014 | 6:05 AM ET

    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.

  • Johnson Controls revenue rises 3 pct on China demand Friday, 18 Jul 2014 | 7:23 AM ET

    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.

  • July 17- The chief executive of Delphi Automotive, the auto supplier that supplied the defective switch to General Motors Co that has been linked to at least 13 deaths, said on Thursday that the automaker was responsible for approving the faulty part design.

  • FRANKFURT/ BERLIN, July 11- German car parts maker ZF Friedrichshafen's takeover offer for rival TRW looks unlikely to draw rival bids for the U.S. company but could trigger further deals down the line, bankers and analysts said on Friday.

  • *Lumber Liquidators tumbles after revised outlook. NEW YORK, July 10- U.S. stocks dropped on Thursday as concerns about the financial health of Portugal's top listed bank gave investors a reason to cash in recent gains.

  • July 10- Germany's ZF Friedrichshafen said it was in early-stage buyout talks with U.S. auto parts supplier TRW Automotive Holdings Corp.. The companies did not disclose any financial details of the deal, but a Bloomberg report said ZF valued TRW at $11 billion to $12 billion.

  • Bloomberg, citing people familiar with the matter, reported earlier that TRW was in early-stage sale talks with German auto parts supplier ZF Friedrichshafen AG. ZF Friedrichshafen values TRW at $11 billion to $12 billion, although no specific price has been discussed, the Bloomberg report said.

  • 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.