Auto Components


  • 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"...

  • CAPE TOWN, Oct 13- South Africa's competition authorities are investigating price fixing and collusive tendering in the automotive industry, with top Japanese component suppliers Panasonic and Mitsubishi Electric Corp among those being probed. Information received by the Competition Commission suggested collusion among automotive component...

  • *Europe's subcompact market has grown through the downturn. PARIS, Oct 2- Carmakers are betting on style and recycling in the battle for Europe's burgeoning small car market, adding hi-tech safety and entertainment features while often using older vehicle underpinnings as a way to keep prices down. Several new cars on display at this month's Paris auto show...

  • 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 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.

  • 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.

  • 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.

  • 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 Inc. 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.