LANSING, Mich.— The Michigan Economic Development Corporation is awarding $500,000 in grants to two business expansion projects that are expected to add up to 200 jobs in southeast Michigan. The MEDC announced the strategic fund grants Wednesday for Lippert Components Manufacturing in Sterling Heights and Oakland Stamping in Detroit.» Read More
NEW DELHI, Sept 25- Thousands of tiny shops in India's biggest auto components market do brisk business selling a bewildering array of spare parts for about a third of the official price charged by the likes of Toyota Motor Co or Volkswagen AG.
NEW YORK, Sept 15- Auto part makers were trading lower on Monday, as the deal to acquire TRW Automotive Holdings Corp by German car parts maker ZF Friedrichshafen failed to ignite any excitement in the sector.
Nevada's unemployment rate will "drop considerably" should Tesla build a plant near Carson City, says Mayor Bob Crowell.
NAGOYA, Japan/ TOKYO, Aug 24- When a Japanese carmaker issued a tender for shock absorbers a few years ago for a model it planned to sell in Indonesia, two suppliers came back with bids that were "so obviously coordinated," said an executive at the automaker.
Aug 22- American Securities LLC- backed auto parts maker Metaldyne Performance Group Inc filed with U.S. regulators for an initial public offering of its common shares. Merrill Lynch, Pierce, Fenner& Smith, Goldman Sachs and Deutsche Bank Securities Inc are the lead underwriters for the offering, the company said.
FRANKFURT, Aug 21- For German car parts maker ZF Friedrichshafen its attempt to buy U.S. rival TRW will take the company to the front of the grid as the race to make cars ever more intelligent and connected splits the industry into those making commoditised components and system providers which put the driver in the back seat.
China's recent anti-monopoly law enforcement may be less about targeting foreign companies than combating another potential threat: income inequality.
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.
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.
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.
July 10- U.S. auto parts supplier TRW Automotive Holdings Corp is in early-stage sale talks with Germany's ZF Friedrichshafen AG, Bloomberg reported, citing people familiar with the matter. ZF Friedrichshafen values TRW at about $11 billion to $12 billion, although no specific price has been discussed, a person familiar with the matter told Bloomberg.
FRANKFURT, June 27- Daimler AG and Nissan Motor Co are jointly investing $1.36 billion to develop premium small cars and build a factory in Mexico, the companies said on Friday, in a step that deepens cooperation between the Mercedes-Benz and Infiniti brands.
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.
American Securities has had advanced discussions with investment banks about merging Metaldyne LLC, HHI Group Holdings LLC and Grede Holdings LLC, and has drawn up plans for a subsequent initial public offering, the people said this week.
May 2- Auto parts maker Visteon Corp said it would sell most of its automotive interiors business to private equity firm Cerberus Capital Management LP as it focuses on its fast-growing climate control and electronics operations.
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.