Haldex picks ZF's $647 million bid over higher Knorr-Bremse offerMon, 19, Sep 2016
Swedish braking systems maker Haldex has backed a 5.53 billion crowns ($647 million) takeover offer from German car parts firm ZF Friedrichshafen, even though it is less than a rival bid from Germany's Knorr-Bremse.
ZF prepares sale of body control unit to pay down debt, report saysFri, 02, Sep 2016
ZF Friedrichshafen is preparing to sell its body control systems unit in a potential $1 billion deal as it continues to shed non-core units following the takeover of TRW, people familiar with the matter told Reuters.
Takata truck blast revives concerns over airbag propellantThu, 01, Sep 2016
Critics of embattled airbag manufacturer Takata Corp. said last week's deadly explosion of a truck carrying parts to its Mexican factory underscores questions about the safety of the chemical compound at the center of the largest automotive recall in U.S. history.