*Continental to pay higher 2013 dividend of 2.50 euros. FRANKFURT, March 6- German auto parts and tyre maker Continental is considering further acquisitions, weeks after announcing the purchase of U.S. rubber firm Veyance Technologies for 1.4 billion euros.» Read More
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.
Sept 25- Auto parts retailer AutoZone Inc's quarterly same-store sales missed estimates as a recovering U.S. economy encouraged more consumers to buy new vehicles instead of repairing existing ones.
Sept 25- AutoZone Inc, the largest U.S. auto parts retailer, reported a 15 percent rise in quarterly profit mainly due to higher margins. Net income rose to $371.2 million, or $10.42 per share, in the fourth quarter from $323.7 million, or $8.46 per share, a year earlier. Revenue rose 12 percent to $3.1 billion.
WASHINGTON, Sept 19- Two Fujikura Ltd executives were indicted in Detroit Thursday on charges that they conspired to fix the prices of parts used in automotive electrical systems, the U.S. Justice Department said. Fujikura had pleaded guilty to price fixing in 2012 and was fined $20 million.
Sept 19- Ford Motor Co said it would invest C $700 million in its Oakville assembly plant in Canada to boost its North American manufacturing capacity as demand for cars surges to pre-recession levels. Ford said this investment would increase its annual spending on Canada- made auto parts by about C $200 million to nearly C $4 billion.
DETROIT, Sept 17- The U.S. Department of Energy will auction next month a green technology loan made to Fisker Automotive, a move that may allow the struggling company to mount a comeback under a new owner. The auction is scheduled for Oct. 11 with bids due on Oct. 7, according to a notice posted on Tuesday on govsales.gov, which tracks government asset sales.
TOKYO, Sept 17- Mazda Motor Corp will hit its aggressive annual sales target of 1.7 million vehicles in three years without relying on discounts, its new chief executive said, helped by its new fuel-efficient technology and the yen's depreciation.
General Motors will recall 293,000 Chevrolet Cruze cars in the United States due to a defect that can cause loss of the brake assist function.
Nissan Motor takes the veil off the first car in its resurrected Datsun brand in New Delhi on Monday, part of a foray by the Japanese auto maker into cheap cars for emerging markets.
With more cars on the lot this year, the summer auto sale are likely to be back in full force. But not every deal is a steal. Consumers will need to shop wisely.
Michael Odell, CEO of Pep Boys, reveals his company's new look and shares his plans to expand its business.
Checking a vehicle's brake pads and rotors might sound difficult, but according to Flat 12 Gallery's technician, Eric Ables, one of the stars of CNBC Prime's "The Car Chasers," it's pretty simple.
Owner Jeff Allen, star of CNBC Prime's "The Car Chasers," has bought and sold used cars for decades, so he knows something about the process. Here he shares basic tips to help make buying a used car less tricky.