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  • Newswire

    UPDATE 2-Troubled air bag maker Takata says to return to profit in 2015/16  

    * Takata sees 7 bln yen for recall related costs in FY 2015 * Air bag maker says cannot estimate potential costs of lawsuits * Takata: External investigation into air bags continuing (Adds Takata CFO comments, background) By Mari Saito TOKYO, May 8 (Reuters) - Japan's Takata Corp said it expects to return to profit this financial year on higher Asian and U.S. sales, but the troubled company made few provisions for possible costs related to a massive global recall of its exploding air bags....More
  • Newswire

    Canadian Supplier Magna's Sales Rise With U.S. Demand  

    The auto-parts manufacturer has raised its 2015 operating-margin forecast while predicting sales will fall because of weakened foreign currencies....More
  • Newswire

    Auto Supplier Visteon's Q1 Profit Increases  

    The auto-parts manufacturer reports net first-quarter income of $50 million, or $1.10 a share, compared with $19 million, or $0.38 a share, a year earlier....More
  • Newswire

    Supplier Continental Steps Up China Investment  

    CEO Elmar Degenhart says the German supplier plans to invest about €1 billion in China to 2019, the same amount it invested from 2010-2014....More
  • Newswire

    Mahindra & Mahindra Pursuing Pininfarina, Sources Say  

    Two sources familiar with the negotiations say the Indian automaker intends to present a formal offer for the Italian design studio before its April 29 shareholder meeting....More
  • Newswire

    Magna Selling Bulk of Interiors Business to Spanish Firm  

    Spain's Grupo Antolin is spending $525 million to purchase 36 manufacturing plants with 12,000 employees in Europe, North America and Asia from the Canadian parts maker....More

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