FRANKFURT/ SHANGHAI, Aug 25- Three German car parts suppliers have been told by China they can no longer manage their Chinese units independently but need to form partnerships with local peers, the chief executive of auto parts maker ElringKlinger told a German newspaper.» Read More
April 24- Auto parts maker Delphi Automotive Plc reported a 16 percent rise in quarterly profit, helped by strong demand in Asia and North America, and raised its 2014 earnings outlook. The net income attributable to Delphi rose to $320 million, or $1.04 a share, for the first quarter ended March 31, from $276 million, or $0.88 a share, in the year earlier period.
*Sees 2nd- qtr revenue $3.14 bln- $3.40 bln vs est $3.15 bln. April 23- Chipmaker Texas Instruments Inc's first-quarter revenue and second-quarter revenue forecast topped analysts' estimates on growing demand for its chips used in communication equipment, industrial machines and automotive parts.
WASHINGTON, April 23- Japan's Showa Corp has agreed to plead guilty to fixing the prices of electric power steering assemblies and to pay a $19.9 million fine, the Justice Department said on Wednesday.
April 23- Johnson Controls Inc reported a better-than-expected quarterly profit as higher vehicle production in key markets drove up sales of car seats and other auto parts. Johnson Controls cut its 2014 earnings forecast to adjust for the sale of the electronics business.
April 16- U.S. auto parts maker Johnson Controls said it would buy Air Distribution Technologies, which makes air ventilation products used in buildings, from the Canada Pension Plan Investment Board for about $1.6 billion.
WASHINGTON, April 15- U.S. lawmakers probing how General Motors used faulty ignition switches in many vehicles are turning their scrutiny to the supplier of the part, Delphi Automotive.
WASHINGTON/ DETROIT, April 11- Documents made public on Friday by a U.S. House of Representatives committee provided fresh details on General Motors Co's awareness of problems surrounding ignition switches in millions of its cars- long before the Detroit automaker recalled the vehicles.
*Bernstein upgrades lift Porsche and Volkswagen. The STOXX Europe 600 Automobile& Auto Parts Index was the best-performing equity sector in Europe, rising 1.3 percent as Volkswagen and Porsche both benefited from an upgrade by the brokerage Bernstein. Bernstein raised its rating on Porsche and Volkswagen to "outperform" from "market perform".
*Rea to propose five nominees to Martinrea's board. *Martinrea's stock has underperformed peers. Rea Holdings, a Toronto- based holding company controlled by Nat Rea, a former president and deputy chairman of Martinrea, said on Thursday it intends to propose five nominees for election to the board, setting the stage for a proxy battle.
*Reuters/ Ipsos poll: 67 pct want tougher U.S. auto regulation. WASHINGTON, March 25- U.S. lawmakers are considering calling on former General Motors Co executives and employees from parts supplier Delphi Automotive to testify as they cast a wide net in their probe of GM's recall of 1.6 million vehicles with potentially lethal ignition-switch problems.
BRUSSELS, March 25- EU competition regulators have raided several car parts makers involved in producing vehicle exhaust systems, including French firm Faurecia, Germany's Eberspaecher Group and TenneCo of the United States, as part of a wider probe into suspected price fixing in the auto industry.
BRUSSELS, March 25- European Union antitrust regulators raided French car parts makers Faurecia and several other auto exhaust systems makers on Tuesday, the latest crackdown against suspected price-fixing in the auto industry. Faurecia, which is 52- percent owned by French carmaker Peugeot Citroen, confirmed the EU raids.
Wired Magazine reports that German engineering firm EGAD has a design for 3-D printed the frame of a car.
BEIJING, March 11- China will launch pilot programmes testing the development of privately-owned banks in Tianjin, Shanghai, Zhejiang and Guangdong, the country's bank regulator Shang Fulin said on Tuesday.
*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.
Aston Martin is recalling most of its cars built since 2007 after discovering a Chinese supplier was using counterfeit plastic in a part.
Aluminum makers have been shifting from mining, refining and smelting and focusing on fabricated products. Here's why.
Meggan Bailey of CNBC's "The Car Chasers" says bad paperwork is one of many mistakes people can make after purchasing a car.
From detailing it clean, to taking great photographs, Meggan Bailey, star of CNBC Prime's "The Car Chasers," tells you how to properly market your car.
It's one of the oldest tricks – selling a customer something that simply does not exist. Jeff and the Roundman offer their advice to help you avoid auto scams.