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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...

  • Breakup: Activist fund looking to split Lear Tuesday, 3 Feb 2015 | 11:41 AM ET
    Lear headquarters in Southfield, Mich.

    Nearly three years after taking a substantial stake in the auto supplier, Marcato Capital Management is agitating for a breakup.

  • 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...

  • 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...

  • 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.

  • 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...

  • JOHANNESBURG, Dec 2- Some 250 jobs at a South African forging company could be cut after U.S. motor company Ford cancelled a components contract with SKF, just weeks after strikes hit car parts manufacturers, a union said on Tuesday. Auto makers producing in South Africa resumed activity in September after a four-week strike by 220,000 metal-workers that hurt...

  • WASHINGTON, Dec 1- Two executives, from Japan- based auto parts makers T.RAD Co Ltd and Mitsuba Corp, have agreed to plead guilty and serve U.S. prison terms for conspiring to fix the prices of auto parts, the Justice Department said on Monday. In one case, Kazumi Umahashi, a former general manager of Mitsuba, agreed to serve 13 months in a U.S. prison for conspiring to fix...

  • 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"...

  • Tesla plant will lower Nevada unemployment: Pol Thursday, 4 Sep 2014 | 3:06 PM ET
    Carson Street in Carson City, Nevada

    Nevada's unemployment rate will "drop considerably" should Tesla build a plant near Carson City, says Mayor Bob Crowell.

  • 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.

  • 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.

  • Use a woman’s touch to market and sell your car Tuesday, 26 Nov 2013 | 7:24 AM ET
    1955 Chevrolet 2 door

    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.