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Auto Parts and Equipment


  • FRANKFURT, Nov 22- SGL Group, the materials supplier for carbon fibre reinforced parts in BMW's electric cars, is in talks with several other carmakers to supply carbon fibre for a wider range of automotive components, its chief executive said. He added the mooted new supply contracts were not as big as the BMW venture. Uncertainty remains over the success of BMW "i"...

  • WASHINGTON, Nov 20- Two U.S. senators plan to introduce legislation on Thursday to encourage employees in the auto industry to report information on faulty parts to federal authorities, a spokeswoman for one of the lawmakers said. The bill, sponsored by Republican John Thune and Democrat Bill Nelson, "is intended to incentivize whistleblowers from the...

  • *Takata, auto execs to testify at U.S. hearings Thursday. *BMW to shift Takata air bag output to Germany from Mexico. WASHINGTON/ TOKYO, Nov 20- Takata Corp faces a long battle to gauge the fallout from a fast-moving air bag crisis as recalls mount up, adding to the costs for the loss-making Japanese auto parts maker.

  • TOKYO/ DETROIT, Nov 13- Japan's Takata Corp is the subject of a U.S. criminal investigation over defective car air bags that have been linked to five deaths, a spokesman said on Thursday. A federal grand jury in U.S. District Court for the Southern District of New York has subpoenaed Takata's U.S. unit to produce documents on the air bag defects, the spokesman said in...

  • Takata refutes report of secret airbag tests - NYT Thursday, 13 Nov 2014 | 1:32 AM ET

    Nov 13- Auto parts maker Takata Corp offered a "substantive rebuttal" to accusations by two former employees that the company carried out tests on airbags in 2004 in Michigan and found signs of defects but did not report the results to federal regulators, the New York Times reported. The New York Times reported last week that Takata, at the center of a global vehicle...

  • TOKYO, Nov 7- Japanese stocks gained on Friday as a weaker yen boosted exporters, while troubled auto parts maker Takata Corp skidded after reports said it erased test results showing problems with its air bags. Strong performers included Panasonic Corp, which jumped 2.7 percent, and chip-maker Disco, which surged 11.5 percent as it hiked its profit outlook for...

  • *Secret lab tests ordered after 2004 accident- paper. *Lab technicians were later told to destroy data- paper. TOKYO, Nov 7- Takata Corp, the Japanese auto parts maker at the centre of a global vehicle recall, ordered its technicians to destroy results of tests on some of its air bags after finding cracks in air bag inflators, the New York Times said on Friday.

  • TOKYO, Nov 7- Shares in Takata Corp fell more than 4 percent on Friday, reversing earlier gains after a newspaper reported that the Japanese auto parts maker had concealed the risks of potentially defective air bags following an accident in 2004.. The New York Times reported Takata had secretly conducted tests on 50 airbags retrieved from scrap yards after the...

  • Auto parts maker Visteon's revenue rises 33 pct Thursday, 6 Nov 2014 | 7:23 AM ET

    Nov 6- Auto parts maker Visteon Corp reported a 33 percent rise in quarterly revenue, helped by the acquisition of Johnson Controls Inc's electronics business and increased global vehicle production. The company's revenue rose to $1.97 billion in the third quarter ended Sept.30, from $1.48 billion a year earlier. Visteon reported a net loss attributable to...

  • Chrysler recalling nearly 189,000 SUVs Saturday, 20 Sep 2014 | 10:14 AM ET
    2014 Jeep Cherokees

    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.

  • This is what China's antitrust drive is really about Friday, 15 Aug 2014 | 1:20 AM ET

    China's recent anti-monopoly law enforcement may be less about targeting foreign companies than combating another potential threat: income inequality.

  • 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.

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

  • 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.

  • German company can 3-D print a car Wednesday, 19 Mar 2014 | 11:55 AM ET
    EDAG Genesis

    Wired Magazine reports that German engineering firm EGAD has a design for 3-D printed the frame of a car.

  • Recall: Fake parts found in 17,590 Aston Martins Wednesday, 5 Feb 2014 | 4:40 PM ET

    Aston Martin is recalling most of its cars built since 2007 after discovering a Chinese supplier was using counterfeit plastic in a part.

  • What the F-150 says about the aluminum industry Tuesday, 14 Jan 2014 | 12:15 PM ET

    Aluminum makers have been shifting from mining, refining and smelting and focusing on fabricated products. Here's why.

  • Bad paperwork might mean you don’t own your car Friday, 6 Dec 2013 | 8:09 AM ET

    Meggan Bailey of CNBC's "The Car Chasers" says bad paperwork is one of many mistakes people can make after purchasing a car.