Components

European chamber urges China to ease aftermarket rules

Sept. 12, 2014 14:03 CET
The European Union Chamber of Commerce in China has urged the nation's government to allow more competition for vehicle aftermarket service as it says current regulations are the "key driver" of the monopoly situation that has led to state probes within the auto industry....
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Regulators' sweep threatens auto parts business model

Aug. 25, 2014 12:32 CET
Suppliers who have colluded for years to inflate parts prices for automakers, dealers and repair shops in a global market with annual sales of more than 80 million vehicles, are now being exposed in a worldwide sweep by regulators....
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China finds Mercedes guilty of price fixing, report says

Aug. 18, 2014 10:53 CET
Mercedes has been found guilty of manipulating prices for aftersales services in China, the official Xinhua news agency reported. Foreign automakers have been under scrutiny in China amid reports by state media that they are overcharging consumers....
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GM looks for alternative supplies in China after deadly factory blast

5:34 am U.S. ET | Aug. 3, 2014
GM has asked one of its Tier 1 suppliers in China to find an alternative source of components after an explosion ripped through a factory on Saturday, killing at least 75 people and injuring 185....
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Magna denies being asked by Canada to end Russia JV

May 14, 2014 10:54 CET
Magna International CEO Donald Walker says he hasn't been asked to end a Russian joint venture amid mounting tension over Ukraine even as an executive from partner Avtotor cited pressure from Canada to do so....
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Car parts boom brings hope to Bulgaria

May 10, 2014 06:01 CET
Bulgaria, the EU's poorest member, is capitalizing on factors including its location, its low taxes and reduced labor costs to attract auto suppliers....
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Continental raises profit forecast after first-quarter gains

April 25, 2014 10:46 CET
Continental has raised its profit forecast for 2014 after earnings jumped nearly 20 percent in the first three months....
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Sogefi posts loss on restructuring costs, currency woes

April 24, 2014 11:52 CET
Sogefi reported a net loss of 6.3 million euros for the first quarter after results were hit by restructuring charges and the negative effect of exchange rates....
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Siemens, BAIC to jointly build parts for green vehicles in China

April 23, 2014 06:01 CET
Germany's Siemens and state-owned Chinese automaker Beijing Automotive will form a joint venture to produce motors and inverters for hybrid and full-electric vehicles....
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SKF to supply transmission seals to China's Geely

March 25, 2014 11:45 CET
Swedish supplier SKF says it has signed a five-year deal to supply transmission seals to China's Zhejiang Geely Holding....
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Renault least vulnerable European automaker in Russian turmoil

March 24, 2014 13:52 CET
Russia's leading carmaker, Renault-Nissan-AvtoVAZ, is best placed to withstand the effects of a weakening ruble from the fallout of the country's annexation of Crimea, analysts say....
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Sogefi profit falls 25% in 2013 on restructuring costs

Feb. 26, 2014 13:42 CET
Italy's Sogefi reported a 25 percent drop in net profit last year as the supplier was hit by higher financial charges and restructuring costs....
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Italy's Sogefi opens two car-parts plants in China

Jan. 16, 2014 13:15 CET
Italian supplier Sogefi has opened two new plants in China to produce parts for carmakers including Fiat, Daimler and Ford....
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Continental predicts sales growth of 5% in 2014

Jan. 13, 2014 12:14 CET
Continental predicts sales this year will jump 5 percent, a fifth consecutive year of record sales, after revenue rose 2 percent in 2013....
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Bosch probed by EU antitrust authorities

Jan. 9, 2014 11:08 CET
Bosch says it is cooperating with European Union antitrust authorities as part of an investigation of suppliers in the region....
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