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  • 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

    Supplier Strike Ends, Spain's Seat Resumes Production  

    Volkswagen's Spanish subsidiary had shut down Wednesday because of a strike at Johnson Controls Eurosit that cut off supplies of seats....More
  • Newswire

    GM Korea Workers Plan Partial Strike Friday  

    The union representing nearly 14,000 hourly workers says it will strike for two hours Friday and four hours July 22 and refuse to work overtime or weekends while contract negotiations with the automaker continue....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

    Porsche's German Plants Getting €1.1 Billion Upgrade  

    The sports car maker's spending plan runs through 2020 and includes building a new engine plant and body shop at its core Zuffenhausen facility in Southern Germany....More
  • Newswire

    Report Says FCA's Marchionne Done Courting GM  

    The New York Times quotes the Fiat Chrysler Automobiles CEO as saying he "won't go back to get my nose bloodied a second time" after GM rejected his merger proposal in March....More
  • Newswire

    ARC Automotive Airbag Inflators Probed  

    The National Highway Traffic Safety Administration's investigation follows two complaints about ARC airbag inflators received since December, and the agency says two known injuries are linked to the incidents....More
  • Newswire

    PSA Sees Iran Opportunities With Deal to Lift Sanctions  

    A PSA official says the diplomatic agreement lifting sanctions against Iran will promote car production using the French automaker's latest vehicle architectures and engines....More

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