WardsAuto

Newswire stories are accessible to registered WardsAuto users.
Register Now

Most Recent

Newswire

BlackBerry shifting emphasis from smartphones to services  

* Aims for leadership role in mobile computing arena * Launch of BES seen driving enterprise upgrade cycle * Large banks, law firms, others begin deploying BB10 By Euan Rocha TORONTO, May 21 (Reuters) - BlackBerry no longer owns the fast-paced, innovative smartphone world but the company, whose email-on-your-hip devices once revolutionized the industry, now aims to run it....More
Newswire

UPDATE 1-Denso execs to plead guilty to price fixing in Toyota case  

WASHINGTON, May 21 (Reuters) - Two executives at Japan's Denso Corp have agreed to plead guilty to conspiring to fix prices of electronic auto parts sold to Toyota and will cooperate with an ongoing criminal investigation, the U.S. Justice Department said on Tuesday. The settlement is the latest in a wide-ranging investigation into price fixing for a variety of car parts that has ensnared nine companies and elicited guilty pleas from 14 executives....More
Newswire

UPDATE 1-Sweden detains ex-Saab executives in tax investigation  

* Prosecutors probes tax crimes at bankrupt car maker * Former CEO, others detained, questioned, set free * Saab collapsed in late 2011 STOCKHOLM, May 21 (Reuters) - Swedish prosecutors have questioned the former head of bankrupt car maker Saab and two others in an investigation into suspected tax offences relating to the running of the company, officials said on Tuesday....More
Newswire

Two Denso Corp executives to plead guilty to price fixing - U.S.  

WASHINGTON, May 21 (Reuters) - Two executives at auto parts maker Denso Corp have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. Justice Department said on Tuesday. The executives, Yuji Suzuki and Hiroshi Watanabe, both Japanese nationals, agreed to serve time in U.S. prison and pay a criminal fine, the department said in a news release. Denso itself agreed to plead guilty in the conspiracy and pay a $78 million fine in January 2012....More
Newswire

Italy concerned about Fiat Industrial tax move to UK-minister  

ROME, May 21 (Reuters) - The Italian government is concerned about truck and tractor maker Fiat Industrial's plan to move its tax residence to Britain from Italy, a government minister said on Tuesday. Fiat Industrial will make the move after its planned merger with unit CNH, according to a filing with U.S. regulators. Leaving high-tax Italy is likely to result in a lower tax burden for the new group....More
Newswire

New Issue-Plastic Omnium prices 500 mln euro 2020 bond  

May 21 (Reuters) -Following are terms and conditions of a bond priced on Tuesday. Borrower Compagnie Plastic Omnium SA Issue Amount 500 million euro Maturity Date May 29, 2020 Coupon 2.875 pct Issue price 99.211 Reoffer price 99.211 Yield 3.0 pct...More
Newswire

UPDATE 1-AutoZone profit beats as long winter leads to more repairs  

* 3rd-qtr earnings $7.27/share vs est $7.21 * Revenue rises 4.5 pct to $2.21 billion * Same-store sales fall 0.1 pct May 21 (Reuters) - AutoZone Inc, the largest U.S. auto parts retailer, reported a better-than-expected quarterly profit as U.S. customers undertook car repairs after a prolonged winter....More
Newswire

Battery maker B456 Systems' bankruptcy plan approved  

May 21 (Reuters) - B456 Systems Inc, the lithium-ion battery maker which received a $249 million U.S. government grant, won court approval for its bankruptcy plan on Monday. Judge Kevin Carey approved the plan under which unsecured creditors of the company, formerly A123 Systems Inc, are expected to recover about 65 cents for each dollar. B456 had earlier won court approval to sell its automotive battery business and related assets to a U.S. unit of China's largest auto parts maker, Wanxiang Group....More
Newswire

Sweden probes former Saab executives in tax investigation  

STOCKHOLM, May 21 (Reuters) - Swedish prosecutors have detained the former chief executive of bankrupt car maker Saab and two others in an investigation into suspected tax offences relating to the running of the company, officials said on Tuesday. In documents released by Vanersborg court in western Sweden, home to the former car maker, the prosecutor said former chief executive Jan-Ake Jonsson, former chief financial officer Karl-Gustav Lindstrom and former chief legal officer Kristina Geers had been detained for questioning in the investigation....More
Newswire

AutoZone profit rises as costs fall  

May 21 (Reuters) - AutoZone Inc, the largest U.S. auto parts retailer, reported a 7 percent rise in quarterly profit as costs fell. Net income rose to $265.6 million, or $7.27 per share, in the third quarter, from $248.6 million, or $6.28 per share, a year earlier. Revenue rose 4.5 percent to $2.21 billion....More
Upcoming Events
RSS
Connect With Us
Key Content For:
Copyright © 2013 Penton Media, Inc