Meggan Bailey of CNBC's "The Car Chasers" says bad paperwork is one of many mistakes people can make after purchasing a car.» Read More
Private equity firm Bain Capital has ended advanced talks with auto parts supplier TI Automotive over a possible buyout.
It is the buyout firm's second attempt to buy TI Automotive in the last two years. The other two private equity firms that were vying for TI Automotive in 2011 were Carlyle Group LP and Pamplona Capital Management LLP.
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.
Nitrous oxide has become a go-to method to increase speed in vehicles. Many drag racers love it, but Jeff and Perry believe it is the fastest way to ruin your car.
Navigating an auto auction can be tricky. Jeff Allen and his father, Tom Souter, reveal the secrets to getting the best price.
NEW YORK, Oct 11- Crestview Partners is seeking a buyer for Key Safety Systems, a supplier of airbags, seatbelt systems and other car safety components that could be valued at more than $800 million, according to several people familiar with the matter.
TOKYO, Oct 10- Takata Corp will pay $71.3 million to settle antitrust charges brought by U.S. federal prosecutors over price fixing on seatbelts sold to carmakers, the Japanese auto parts maker said on Thursday. A Takata executive in the United States, Gary Walker, previously agreed to plead guilty to price fixing, Takata confirmed on Thursday.
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.
Aug 6- Spirit AeroSystems Holdings, a supplier of parts to Boeing Co and Airbus, on Tuesday said it plans to divest Oklahoma operations, including sites in Tulsa and McAlester, as part of a strategic review it began in May.
LONDON/ NEW YORK July 26- British aerospace and car parts maker GKN is interested in buying a Spirit Aerosystems wing factory in Tulsa, Oklahoma, and the U.S. company has hired Morgan Stanley to find a buyer, according to three people familiar with the matter.
*Faurecia plans to close 8 seat frame plants- sources. PARIS, July 24- Faurecia, the French auto parts maker controlled by PSA Peugeot Citroen, plans to close eight car seat factories over the next four years, sources familiar with the plan said.
DETROIT, July 18- General Motors Co is preparing to put its full-size pickup trucks on a severe diet to meet future U.S. fuel economy standards and stay competitive with rival Ford Motor Co, according to several people familiar with its plans.
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 the Datsun hatchback and other Datsun models to follow over the next three years- one of which could be priced as low as $4,000 if Nissan can meet its aggressive manufacturing cost objectives- Nissan is treading ever so closer to the ultra-low-cost car market.
BRUSSELS, July 10- EU competition regulators have fined several car parts makers, including Japan's Yazaki, a total of 141.8 million euros for taking part in cartels that affected car makers such as Toyota Motor Corp and Renault.
The sources said Yazaki subsidiary S-Y Systems Technologies Europe GmbH will also be fined, along with Furukawa Electric Co. Japan and the United States have already imposed hefty fines on several parts suppliers, with more than 10 people serving jail terms in the United States.
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.
A new AAA report shows the average cost of driving 15,000 miles a year rose to $9,122 per year in 2012, a roughly two percent increase. The biggest increases were in maintenance costs and insurance costs.
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.