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  • Newswire

    UPDATE 2-China antitrust regulator fines two Japan auto parts makers  

    (Adds Yazaki receiving NDRC notification, Denso comment) TOKYO, Aug 19 (Reuters) - Two Japanese automotive bearings makers said on Tuesday a Chinese regulator has ordered them to pay fines for violating antitrust laws as Beijing intensifies its scrutiny of business practices in the auto sector....More
  • Newswire

    Korean Company Plans Talks With Tesla on Supplying Carbon Fiber  

    GS Caltex reportedly will meet later this month with Tesla to discuss supplying the electric-vehicle maker with the lightweight material currently used in high-end vehicles and racing cars....More
  • Newswire

    Japanese Automakers Cut Parts Prices in China Amid Anti-Monopoly Probe  

    Toyota and Honda says their joint ventures with Chinese partners will cut spare-parts prices in response to the probe, while Nissan's JV with local automaker Dongfeng says it is "actively studying" responses to regulators' suggestions....More
  • Newswire

    Mercedes Cuts Parts Prices as China Monopoly Probe Continues  

    Daimler's luxury unit says it is cutting prices on more than 10,000 spare parts an average 15% as China regulators combat what they consider price-gouging on repair and replacement components by many foreign automakers....More
  • Newswire

    UPDATE 1-Mercedes-Benz exec says not aware of any price probe in China  

    (Recasts with quotes from executive, spokesman) SHANGHAI, July 22 (Reuters) - A China executive at Daimler AG's Mercedes-Benz said he was not unaware that the company was under any government probe into spare part prices. Local and foreign media reported last week that Mercedes-Benz as well as other foreign car makers were being probed by the National Development and Reform Commission (NDRC), the country's price regulator, for possibly over-charging customers in China....More
  • Newswire

    UPDATE 1-VW plans 5 bln euros in cutbacks to boost brand margins  

    * VW may cease models, cut procurement costs * VW brand trails 6 pct profit margin goal * VW drawing up new mid-term group efficiency program (Adds CEO quote, detail and background) HAMBURG/BERLIN, Germany, July 15 (Reuters) - Volkswagen plans to cut costs at its core passenger-car brand by about 5 billion euros ($6.8 billion) per year from 2017, according to documents obtained by Reuters on Tuesday....More
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