• Newswire

    UPDATE 4-Canadian auto parts maker Magna to buy Germany's Getrag for $1.9 bln  

    (Adds Getrag valuation, CFO comment and detail on advisers) By Euan Rocha and Allison Martell TORONTO/FRANKFURT, July 16 (Reuters) - Canadian automotive parts maker Magna International Inc said on Thursday it would buy privately-owned German car parts maker Getrag for 1.75 billion euros ($1.9 billion), in a bid to expand its automotive transmission systems business....More
  • Newswire

    VW's Seat suspends Spanish production due to parts strike  

    MADRID, July 15 (Reuters) - Spanish carmaker Seat said it had suspended all domestic production because of a strike at the firm that supplies it with seats. The strike at Johnson Controls Eurosit began on Wednesday, the carmaker, a subsidiary of Volkswagen, said in a statement. Seat's Spanish plant, at Martorell in Barcelona, has a capacity of 2,100 vehicles per day and produces the Leon and Ibiza marques, as well as the Audi Q3....More
  • Newswire

    Panasonic Strenghthens Battery-Making Ties With Tesla  

    The Japanese electronics giant will send hundreds of employees to Nevada this fall to ramp up production of lithium-ion batteries for electric-vehicle maker Tesla....More
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