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Automobiles and Components Auto Components

  • TOKYO, May 10- Japan's Takata Corp on Wednesday reported a full-year net loss of 79.6 billion yen- its third consecutive annual loss- as the embattled auto parts maker faces bankruptcy over costs related to the recall of its potentially deadly air bag inflators. Even as it faces the auto industry's biggest-ever recall, Takata forecast a net profit of 5 billion yen...

  • TOKYO, May 10- Japan's Takata Corp on Wednesday reported a full-year net loss of 79.6 billion yen- its third consecutive annual loss- as the embattled auto parts maker faces bankruptcy over costs related to the recall of its potentially deadly air bag inflators. Even as it faces the auto industry's biggest-ever recall, Takata forecast a net profit of 5 billion yen...

  • SEOUL, May 2- Samsung Electronics Co Ltd has got permission from South Korean authorities to domestically test a driverless vehicle fitted with its electronic parts and software, as the tech giant aims to muscle into the automotive industry in search of a new growth driver. The land ministry, in a statement issued on Monday, said the car is a modified version of a...

  • TOKYO, April 27- Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its liabilities. The Nikkei business daily reported Chinese-owned car parts maker Key Safety Systems, the...

  • TOKYO, April 27- Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its liabilities. The Nikkei business daily reported Chinese-owned car parts maker Key Safety Systems, the...

  • TOKYO, April 27- Trading in shares of Japan's Takata Corp was suspended on Thursday after a newspaper report that the embattled auto parts maker was considering filing for bankruptcy protection, selling all operations to a newly created company. The Nikkei business daily said the plan would call for U.S.-based Key Safety Systems, a unit of China's Ningbo...

  • *To invest 300 mln euros more in electric drives by 2021. BERLIN/ FRANKFURT, April 25- Car components maker Continental AG is set to invest an extra 300 million euros in electric drives by 2021 but also remains committed to its combustion-based powertrain business, the company said on Tuesday. By raising spending on development of new products such as charging...

  • The new Mercedes S class S680 at an event ahead of the 17th Shanghai International Automobile Industry Exhibition in Shanghai on April 18, 2017.

    China's government wants more electric vehicles on the roads but consumers remain hungry for SUVs, forcing automakers to get innovative with their offerings.

  • April 18- Baidu Inc said on Tuesday it would launch its self-driving car technology for restricted environment in July before gradually introducing fully autonomous driving capabilities on highways and open city roads by 2020.. Two months after the appointment, Baidu's chief scientist Andrew Ng, who led AI and augmented reality projects, said he would step...

  • MEXICO CITY, April 12- The election of Donald Trump as U.S. president last year raised the specter of economic recession in Mexico, sent the country's peso into a tailspin, and threatened local industry such as car making. Fears that Trump could tear up the NAFTA trade treaty have subsided, and so far the hit to foreign investment has been slight, said Gilberto...

  • Delphi headquarters

    Deutsche Bank predicts 95 percent to 96 percent of cars in 2025 will still use internal combustion engines.

  • MADRID, March 13- Spanish car parts maker Gestamp is planning an initial public offering valuing it at about 3.7 billion euros in what would be one of the biggest European stock market listings so far this year. The planned initial public offering is the third Spanish stock market listing announced this year after Prosegur said it would float its...

  • MADRID, March 13- Spanish car parts maker Gestamp is planning an initial public offering valuing it at about 3.7 billion euros in what would be one of the biggest European stock market listings so far this year. Gestamp's valuation is based on the sale of 12.5 percent to Japan's Mitsui for 467 million euros, which was adjusted on Monday from an original value of 416...

  • MADRID, March 13- Spanish car parts maker Gestamp is planning an IPO valuing it at around 3.4 billion euros, one of the biggest European stock market listings so far this year. The planned initial public offering is the third Spanish stock market listing announced this year after Prosegur said it would float its cash-in-transit subsidiary and house builder...

  • *McLaren ready to source more UK components if there are tariffs. Eighty percent of UK- assembled vehicles are exported and they could face tariffs of up to 10 percent if Britain has to fall back on World Trade Organisation rules, with some components subject to multiple varying tariffs each time they cross a border. "If we do find there are tariffs on sending cars...

  • Takata's 'sorely needed' start over

    James Chao, MD of IHS Automotive, says Takata's guilty plea is a good start but new lawsuits could potentially unfold.

  • A file photo of a deployed airbag.

    Takata may reverse policy and move to setup a compensation fund to pay damages in cases of injury or death because of faulty airbags made by the firm, the WSJ stated.

  • Part of the Mobileye driving assist system is seen on the dashboard of a vehicle during a demonstration for the media in Jerusalem.

    Morgan Stanley predicts some form of autonomous driving technology will be in all U.S. cars by 2022.

  • Why Valeo is winning market share: Fund manager

    Alex Gunz, fund manager at Heptagon-Capital, discusses his favoring of Valeo's stock in the light of future developments in the car industry.

  • Robert Nardelli, founder XLR-8 and senior advisor at Cerberus Capital Management

    Automakers already do a lot of business overseas. Under Trump, they'll have to rethink where they produce their cars, Bob Nardelli says.