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  • Newswire

    Panasonic Buying 49% Stake in Spanish Auto Parts Maker  

    The Japanese electronics giant says its "capital and business alliance" with Ficosa International will allow the companies to jointy develop high-tech automotive mirrors designed to enhance safety....More
  • Newswire

    GM Debt Upgraded by S&P  

    The credit-rating agency raised the automaker's corporate debt to BBB-, citing its improving financial status....More
  • Newswire

    Sources Say Panasonic May Invest in Auto-Parts Maker Ficosa  

    The Japanese electronics and consumer-goods giant reportedly may purchase a near-50% stake in the Spanish company, which specializes in driver-assistance systems....More
  • Newswire

    Yazaki Reaches $76 Million Settlement in U.S. Price-Fixing Case  

    The settlement with U.S. car buyers by the Japanese company is the largest to come out of an ongoing federal investigation of auto-parts price-fixing....More
  • Newswire

    RPT-REUTERS-SUMMIT-Russian car industry facing lacklustre two years -Ford's Russian venture  

    (Repeats story to include link to graphic) * For other news from Reuters Russia Investment Summit, click on http://www.reuters.com/summit/Russia14 * For a graphic, click on http://link.reuters.com/deb92w By Gleb Stolyarov and Maria Kiselyova MOSCOW, Sept 22 (Reuters) - Russia's auto market shows no signs of improving in the next two years having been hit by an economic slowdown and weak rouble, the head of Ford Motor Co's Russian venture told Reuters....More
  • Newswire

    Hitachi Escapes Fine in Chinese Antitrust Probe  

    Chinese antitrust regulators say they will not fine Hitachi Automotive because the Japanese auto-parts supplier halted monopolistic activity and proactively provided relevant evidence....More
  • Newswire

    Mitsubishi Investing $600 Million in Indonesia Expansion  

    Mitsubishi is among Japan's second-tier automakers looking to expand in Southeast Asia to counter declining sales in their home market....More
  • Newswire

    UPDATE 2-Germany's ZF agrees $13.5 bln TRW buy to position for self-drive cars growth  

    * All-cash deal to create group with sales of over $40 bln * ZF CEO says transaction is technology driven * ZF offers $105.60 in cash for each TRW share * Deal is premium of 16 pct above TRW closing price on July 9 * Price represents multiple of 7.6 times TRW's EBITDA in past year (Adds ZF CEO, analyst comments, writes through) By Soyoung Kim, Edward Taylor and Arno Schuetze...More
  • Newswire

    UPDATE 2-Federal-Mogul to separate motorparts, powertrain businesses  

    (Adds analyst comment, updates share price) By Mridhula Raghavan Sept 3 (Reuters) - Federal-Mogul Holdings Corp, controlled by billionaire investor Carl Icahn, said it would separate its motorparts and powertrain businesses into two publicly traded companies. The Southfield, Michigan-based supplier said the separation of the motorparts business, which largely caters to the replacement market, will be in the form of a tax-free spinoff to Federal-Mogul's shareholders....More
  • Newswire

    JV With Ford Cuts Russian Automaker Sollers's Profit  

    The Russian automaker says its first-half net profit plunged to $7 million, compared with $45.7 million year-ago, mainly because its 50-50 joint venture with Ford posted a net loss of $91 million....More
  • Newswire

    Fiat Confident Chrysler Merger Will Go Through  

    The Italian automaker says it does not expect its stockholder share-buyout plan to raise enough money to jeopardize completion of the merger....More
  • Newswire

    Volkswagen, Domestics Plan Big India Investment  

    Volkswagen will join Indian automakers Tata, Bajaj and Mahindra & Mahindra in investing a total of $1.9 billion to expand production capacity in Mararashtra state....More
  • Newswire

    More Than 100 Death Claims Filed With GM Ignition-Switch Fund  

    A spokeswoman for Kenneth Feinberg, the attorney overseeing the automaker's compensation program, says claims for 107 fatalities allegedly linked to faulty ignition switches are among the 309 total claims submitted so far....More
  • Newswire

    Former Porsche Execs Face Trial Over VW Takeover Bid  

    A German appeals court rules former Porsche CEO Wendelin Wiedeking and ex-finance chief Holger Haerter can be tried for allegedly concealing a scheme to take over Volkswagen in 2008....More
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