Panasonic in final talks to buy headlight maker ZKW, report says
Panasonic is in the final stages of talks to buy Austrian automotive headlight maker ZKW Group for up to $1 billion, accelerating its push into the automotive electronics market, the Nikkei business daily reported today.
GM builds final Australian engine
Australian auto industry wind-down continues with General Motors ending engine production after nearly 70 years. Car production stops next year when GM and Toyota close plants, putting an end to Australia's auto industry.
Takata shares slump after influential day trader tweets he sold shares
Takata, finalizing a buyer after spurring record auto industry recalls, fell in Tokyo trading after a Japanese day trader told his more than 103,000 Twitter followers he sold shares in the airbag maker.
BMW, Porsche, Nissan face sales ban on some models in S. Korea
South Korea plans to disallow sales of some Porsche, BMW and Nissan models after finding errors in certification documents for the carmakers' imported vehicles. The country's environment ministry also plans to fine the automakers a combined $5.56 million.