Auto Parts

Automakers Seek Delays, Exemptions To Government's Planned New Rules For Parts: Report

Business | Reuters | Thursday September 10, 2020

Prime Minister Narendra Modi is keen to reduce imports to boost local manufacturing to make India more self-sufficient and enable it to play a bigger role in the global supply chain.

Skoda Auto Chairman Bernhard Maier To Step Down At End Of July

Reuters | Friday July 10, 2020

Bernhard Maier, chairman of Czech carmaker Skoda Auto, part of the Volkswagen Group, will leave his post at the end of July after nearly five years, the company said.

Parts Maker Visteon Expects Global Auto Output To Plunge Up To 25%

Reuters | Friday June 12, 2020

Major auto parts supplier Visteon Corp on Thursday forecast global production volumes for the auto industry to fall between 20% and 25% this year and warned it would be a couple of years before they returned to 2019 levels. The U.S. auto industry has been struggling to recover after the coronavirus pandemic shutdown factories and disrupted global s...

General Motors Gradually Restarts In Mexico As Lear Corp Readies For Return

Reuters | Friday May 22, 2020

General Motors Co said on Thursday it was gradually restarting the transmission and motor lines at its Mexican facilities in Silao and Ramos Arizpe, while U.S. auto parts maker Lear Corp also geared up for production.

Skoda Auto Braces For Second-Quarter Hit After Earnings Drop Globally

Reuters | Tuesday May 5, 2020

Czech carmaker Skoda Auto, part of the Volkswagen Group, reported a 25% drop in first-quarter operating profit on Monday, but said the biggest hit from the coronavirus outbreak would come in the second quarter.

Industry Body SIAM Seeks Tax Cut On Automobiles Amid Coronavirus Crisis

Business | Reuters | Saturday April 18, 2020

Companies want a temporary, 10 per centcut in tax on the sale of all automobiles and auto parts and incentives, in the form of tax rebates, for car owners to scrap their old vehicles, SIAM said.

Automakers Seek Tax Cut To Boost Demand After Coronavirus Hit

Business | Reuters | Friday April 17, 2020

Companies want a temporary, 10 per cent cut in tax on the sale of all automobiles and auto parts and incentives, in the form of tax rebates.

Auto Parts Maker Marelli, Unions Agree Upon Measures To Enable Return To Work

Reuters | Thursday April 16, 2020

Auto parts maker Marelli and unions agreed on Wednesday on a package of health and security measures to allow the company to gradually resume its Italian operations when Rome eases lockdown restrictions, they said in separate statements.

Jaguar Land Rover Shipping Auto Parts In Suitcases As Coronavirus Hits Supply Chain

Business | Press Trust of India | Wednesday February 19, 2020

JLR CEO Ralf Speth said the company has enough supplies to ensure production for the next two weeks, but from the third week onwards it remains risky and could even mean plant closures. "We have flown parts in suitcases just to make sure we have all the parts but for the third week, we still have parts missing," Mr Speth said.

Hyundai Bets Big On China. Now Coronavirus Is Twisting Its Supply Chain

Reuters | Friday February 14, 2020

South Korean car giant Hyundai Motor has increasingly relied on China to supply auto parts to its manufacturing hub at home in recent years. As the coronavirus spreads, its strategy could be backfiring.

Fire Breaks Out At Auto Parts Factory In Delhi, 26 Fire Engines At Site

India News | Reported By Mukesh Singh Sengar, Edited By Swati Bhasin | Thursday February 13, 2020

A huge fire has broken out at an auto parts factory in northwest Delhi. Twenty-six fire engines have been rushed to the spot.

Auto Parts Supplier Prevent Sues Volkswagen For Suppressing Competition

Reuters | Tuesday November 19, 2019

Volkswagen parts supplier Prevent Group on Monday filed a lawsuit alleging the German automaker used anti competitive tactics to stop larger suppliers like the company from acquiring smaller rivals in the United States.

Trump Expected To Delay European Auto Tariff Decision: Report

Reuters | Tuesday November 12, 2019

U.S. President Donald Trump is expected to announce this week he is delaying a decision on whether to slap tariffs on cars and auto parts imported from the European Union, likely for another six months, EU officials said.

US-Japan Trade Deal Hits Snag As Tokyo Seeks Assurances On Car Tariffs

World News | Reuters | Tuesday September 24, 2019

A U.S.-Japan trade deal hit a last-minute snag as Japanese officials sought assurances that the Trump administration will not impose national security tariffs on Japanese-built cars and auto parts, people familiar with the talks said on Monday.

India's Auto Parts Makers Warn Of 1 Million Job Cuts If Slowdown Continues

CarandBike Team (With Inputs from Reuters) | Sunday July 28, 2019

India's auto parts industry could be forced to slash a fifth of its 5 million or so workforce if the slowdown in vehicle sales continues, the president of the country's largest industry group for auto parts makers said. India's auto industry is in the middle of one of its worst slumps. Passenger vehicle sales fell 18.4% in the first quarter, and mo...