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Auto Components Auto Parts and Equipment

  • *BMW and Mercedes facing up to Tesla. FRANKFURT, Oct 3- BMW and Mercedes are betting they can mass produce new electric cars based on conventional vehicles, defying sceptics who say they will need more radical designs to head off the threat from Tesla and other start-up carmakers. It is difficult to earn money with it, "said BMW research and development chief Klaus...

  • General Motors Co. Chevrolet Trax LT vehicles are driven up the ramp to a cargo ship at the Port of Veracruz in Veracruz, Mexico.

    Limits on U.S. imports, especially for autos, will hamper growth, a port executive told CNBC on Friday.

  • Sept 26- Toyota Motor Corp said on Tuesday it would invest $373.8 million in five manufacturing plants in the United States to produce its first American-made hybrid powertrain, as it looks to build more vehicles in the market which it sells. The company would also start production of hybrid vehicle transmissions at its Buffalo, Wyoming facility and expand its...

  • Teams from the United States, Mexico and Canada kicked off the third of seven planned rounds of discussions in Ottawa amid warnings from trade experts that time was quickly running out to seal a deal by the end of the year as planned. The American side did not mention a specific goal in the first two rounds and Canada's chief NAFTA negotiator on Saturday said he did...

  • An employee cleans the floor around an electric concept car EQ A at the booth of Mercedes prior to the visit of the German Chancellor during her inauguration tour of the Internationale Automobil Ausstellung (IAA) auto show on September 14, 2017 in Frankfurt am Main, Germany.

    Jason Hoff, the CEO of Mercedes-Benz USA, discussed the automaker's $1 billion investment in electric vehicle production.

  • FRANKFURT, Sept 22- Carmakers squeezed between carbon emissions cuts and falling sales of fuel-efficient diesels have used the Frankfurt auto show to spotlight a future generation of electric cars that will largely come too late to help them out of their bind. While diesel pollution problems became notorious with the Volkswagen test-cheating scandal, the...

  • DETROIT, Sept 19- Bosch, the German auto components supplier, is partnering with startup Nikola Motor Co to bring two hydrogen-electric, long-haul, heavy-duty truck models to market by 2021, the companies said on Tuesday. Manufacturers such as Daimler and Navistar International Corp, as well as electric car maker Tesla Inc and a host of other new entrants, are...

  • FRANKFURT, Sept 14- South Korea's Samsung Electronics Co Ltd plans to become a major player in autonomous driving, building on its recent $8 billion acquisition of audio and auto parts supplier Harman and its pole position in mobile communications markets. "It's time to communicate our intent to enter the autonomous driving market," Young Sohn, the company's...

  • FRANKFURT, Sept 14- South Korea's Samsung Electronics Co Ltd plans to become a major player in autonomous driving, building on its recent $8 billion acquisition of audio and auto parts supplier Harman and its pole position in mobile communications markets. "It's time to communicate our intent to enter the autonomous driving market," Young Sohn, the company's...

  • FRANKFURT, Sept 13- Europe shouldn't rush to abandon the combustion engine and must build up its own production of electric car batteries to compete with China, auto suppliers and manufacturers said at the Frankfurt motor show. The comments come as the future of the car has become a hot topic in campaigning ahead of Germany's Sept. 24 election, especially after...

  • FRANKFURT, Sept 13- A fixation on electric cars risks damaging Europe's auto supplies industry and handing jobs to China, the region's car parts manufacturers warned at the Frankfurt motor show. Roberto Vavassori, president of European Association of Automotive Suppliers warned a headlong rush to electric cars would hand business to China, which along with...

  • LJUBLJANA, Sept 12- Canadian car parts maker Magna International is likely to be granted a construction permit to build a paint factory in Slovenia in early October, Minister of Economy Zdravko Pocivalsek told reporters on Tuesday. Slovenia is hoping to secure investment from Magna that would create 400 jobs and be the first phase of a potential 1.24 billion...

  • PARIS/ FRANKFURT, Sept 7- Frankfurt's vast auto show, which opens next week, is already getting attention of the wrong kind- for its impressive list of no-shows. Frankfurt and Paris host two of the world's biggest shows in alternate years, punctuated by the Detroit show in January and other events in China, Japan, the U.S. and Switzerland. The sense of upheaval is acute...

  • PARIS/ FRANKFURT, Sept 7- Frankfurt's vast auto show, which opens next week, is already getting attention of the wrong kind- for its impressive list of no-shows. Frankfurt and Paris host two of the world's biggest shows in alternate years, punctuated by the Detroit show in January and other events in China, Japan, the U.S. and Switzerland. The sense of upheaval is acute...

  • Trade Representative Robert Lighthizer and Canadian Foreign Minister Chrystia Freeland arrived in Mexico City to close out the second round of talks to modernize the North American Free trade agreement on Tuesday along with Mexican Economy Minister Ildefonso Guajardo. President Donald Trump has repeatedly threatened to abandon the 23- year-old pact...

  • DETROIT, Aug 31- Auto supplier Magna International Inc on Thursday said it is developing a system automakers can use to enable vehicles to drive themselves without requiring bulky rooftop sensors or other compromises to vehicle styling. Delphi Automotive PLC, Continental AG, Siemens AG, Robert Bosch GmbH and Japan's Denso Corp are among the incumbent auto...

  • FRANKFURT, Aug 30- German auto supplier ZF said on Wednesday it has sold its Body Control Systems division to China's Luxshare as it reshapes its portfolio of technologies for a new era of self-driving and electric cars. Chief Executive Stefan Sommer said last December that ZF had launched the sale of the Body Control Systems division and said it "would not be a...

  • Aug 27- Days before Hurricane Harvey barreled into the Texas coast on Friday, home improvement retailers were preparing truckloads of lumber, shingles and other materials that property owners in the storm-raked communities will need to rebuild. The deliveries will have to wait, however, as 56 stores between Home Depot and Lowe's in southeast Texas remained...

  • Aug 27- Tropical Storm Harvey is challenging a wide range of industries beyond energy, including insurers, home improvement retailers and automakers, but some sectors may benefit. Home improvement companies Lowe's and Home Depot have temporarily frozen prices for lumber and roofing materials at stores in the area affected by Tropical Storm Harvey, even as...

  • Tesla appears to be preparing a streaming music service called 'TTunes'

    Tesla looks prepped to launch a streaming music service named TTunes.