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Auto Components Auto Parts and Equipment

  • WASHINGTON, Aug 19- In the opening NAFTA session of talks, the United States did not give precise details of how much it wanted to boost North American content for autos, a source directly familiar with the negotiations said on Saturday. The United States had autos and auto parts trade deficits of $74 billion with Mexico and $5.6 billion with Canada last year, both...

  • WASHINGTON, Aug 17- Auto industry groups from Canada, Mexico and the United States are pushing back against the Trump administration's demand for higher U.S. automotive content in a modernized North American Free Trade Agreement. At talks underway this week in Washington, automaker and parts groups from all three countries were urging negotiators against...

  • Representatives from the United States, Canada and Mexico convened behind closed doors at a Washington, D.C. hotel in an effort to strike a new North American Free Trade Agreement. U.S.- Canada- Mexico trade has quadrupled since NAFTA took effect in 1994, surpassing $1 trillion in 2015.. "We're all in the same boat," said Flavio Volpe, president of the Canada's...

  • KYOTO, Japan, Aug 15- The global push among carmakers to make ever lighter vehicles is leading some auto suppliers in Japan to turn to what seems like an unlikely substitute for steel- wood. Researchers at Kyoto University and major parts suppliers such as Denso Corp, Toyota's biggest supplier, and DaikyoNishikawa Corp, are working with plastics incorporated...

  • WASHINGTON, Aug 14- The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23- year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with Mexico and tighten the rules of origin for cars and parts. The United States had a $74 billion trade deficit with Mexico in autos and auto parts...

  • WASHINGTON, Aug 14- The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23- year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with Mexico and tighten the rules of origin for cars and parts. The United States had a $74 billion trade deficit with Mexico in autos and auto parts...

  • TORONTO, Aug 11- Canada's main stock index posted its lowest close in five weeks on Friday, weighed by a move lower in financials and a fall in shares of auto parts maker Magna International Inc despite reporting better-than-forecast quarterly profit. The Toronto Stock Exchange's S&P/TSX composite index ended down 40.87 points, or 0.27 percent, at 15,033.38,...

  • *Demand increases in Europe and Asia. Aug 11- Magna International Inc reported a higher quarterly profit on increased demand in Europe and Asia, and the Canadian auto parts maker raised its full-year sales forecast for the second time in three months. The Aurora, Ontario- based company's quarterly sales rose nearly 10 percent to $681 million in Asia and climbed...

  • *Demand increases in Europe and Asia. Aug 11- Magna International Inc reported a higher quarterly profit on increased demand in Europe and Asia, and the Canadian auto parts maker raised its full-year sales forecast for the second time in three months. Magna's second-quarter sales rose nearly 10 percent to $681 million in Asia and climbed about 3 percent to $3.63...

  • Aug 10- Toyota Motor Corp, chipmaker Intel Corp and other technology and auto companies are forming a consortium to create an ecosystem for big data used in connected cars, the Japanese automaker said on Thursday. Swiss telecom equipment maker Ericsson, Japanese auto parts maker Denso Corp and telecoms firm NTT DoCoMo Inc are also part of the group, called the...

  • Tesla Model 3

    If the Model 3 fails to produce margins, Tesla could potentially be spending more than $1 billion a quarter, said an analyst.

  • FRANKFURT, Aug 3- Automotive supplier ZF Friedrichshafen is able to consider large acquisitions in the wake of the unlisted company's $13.5 billion euro takeover of TRW in 2015, Chief Executive Stefan Sommer said on Thursday. "We feel well positioned, we feel strongly positioned, also for larger takeovers," Stefan Sommer said in a call with journalists to...

  • Elon Musk

    Tesla was the biggest short among U.S. stocks heading into its strong earnings report Wednesday evening.

  • BERLIN, Aug 3- German carmakers are likely to stop developing new combustion engines in as little as six years as they focus investments in electric cars and self-driving technology, auto supplier Continental said. "A new generation of combustion engines will again be developed but after that, a further development will no longer be economically justifiable...

  • MONTREAL, Aug 2- Canadian auto parts maker Linamar Corp on Wednesday reported higher quarterly sales, helped by a strong performance in its industrial sector. Analysts on average had expected sales of C $1.73 billion for the quarter ended June 30, according to Thomson Reuters I/B/E/S. Linamar also beat on earnings, reporting C $2.45 per share diluted, compared...

  • FRANKFURT/ MUNICH, Aug 1- Infineon will supply parts to Tesla's upcoming mass-market Model 3 electric car, the German chipmaker said on Tuesday, after being beaten out as initial supplier by Franco-Italian rival STMicroelectronics for the coveted deal. "We do not comment on the individual models, but we will also will be present in Model 3," Chief Executive...

  • A mechanic stacks used tires outside the service bay of a Goodyear Tire & Rubber Co. auto garage in Shelbyville, Kentucky.

    Goodyear was hammered sharply by Wall Street Friday after cutting its 2017 outlook.

  • The Boring Company rendering of what a massive underground tunnel network would look like.

    Tesla CEO Elon Musk just unveiled the next phase of his superhighway project: a car elevator.

  • In Europe, only 0.2 percent of new passenger cars sold were fully electric in 2016. An electric vehicles battery and electric motor has only 200 components, according to analysts at ING. In Europe, there are about 126 plants making combustion engines, employing 112,000 people.

  • In Europe, only 0.2 percent of new passenger cars sold were fully electric in 2016. An electric vehicles battery and electric motor has only 200 components, according to analysts at ING. In Europe, there are about 126 plants making combustion engines, employing 112,000 people.