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A union for Visteon Corp. retirees is seeking greater influence over the auto parts maker’s bankruptcy exit plan, saying it has a claim for $100 million that entitles it to more votes on the proposal.

Tags: 100 Million, Auto Parts, auto-parts maker, Bankruptcy, Exit Plan, Proposal, USD, Visteon, Visteon Corp, Vote

Japan’s biggest auto parts maker swung to a profit in the latest quarter and cited recovering markets in North America and Asia for its improved outlook.

Tags: Asia, Auto Parts, auto-parts maker, Denso, Global Auto, Japan, Japan Auto, North America, Rebound

Japan’s biggest auto parts maker swung to a profit in the latest quarter and cited recovering markets in North America and Asia for its improved outlook.

Tags: Asia, Auto Parts, auto-parts maker, Denso, Global Auto, Japan, Japan Auto, North America, Rebound

The auto parts maker reported a sharp rise in quarterly profit as the global auto industry continued to recover. Net income during the second quarter rose to $49 million, up from $3 million. Revenues rose 23 percent to $1.6 billion, up from $1.

Tags: Auto Parts, auto-parts maker, Earnings, Federal Mogul, Global Auto Industry, Global Sales, Net Income, Quarterly Profit, Second Quarter, USD

Workers at an India auto-parts maker have ended a six-week strike, which had hit transmission parts supplies to General Motors and Ford Motor Co. and caused the shutdown of at least two North American crossover plants.

Tags: Auto Parts, auto-parts maker, Crossover, Ford, Ford Auto, Ford Motor, Ford Motor Co., Ford Workers, General Motors, Gm, Gm Auto, Gm Ford, India, Plants, Transmission Parts

Workers at an India auto-parts maker have ended a six-week strike, which had hit transmission parts supplies to General Motors and Ford Motor Co. and caused the shutdown of at least two North American crossover plants.

Tags: Auto Parts, auto-parts maker, Crossover, Ford, Ford Motor, Ford Motor Co., Ford Production, General Motors, India, Plants

Hedge fund Appaloosa Management and other investors have settled a lawsuit with Delphi stemming from a failed and contentious plan to take the auto parts maker out of bankruptcy in 2008, sources with direct knowledge of the agreement said today.

Tags: Appaloosa, Appaloosa Management, Auto Parts, auto-parts maker, Bankruptcy, Delphi, Fund Management, Hedge Fund, Investment Fund, Investors, Knowledge

General Motors ended months of suspense, announcing it had reached a deal to sell a majority stake in its European unit Opel to Canadian auto-parts maker Magna International Inc. and Russia’s Sberbank.

Tags: Auto Parts, auto-parts maker, Canadian Auto, General Motors, Magna International, Magna International Inc, Majority Stake, Opel Parts, Russia, Sberbank, Suspense

Continental AG’s CEO was asked to resign as a power struggle escalated between the German auto parts maker and its controlling shareholder Schaeffler.

Tags: Auto Parts, auto-parts maker, Continental, Continental Ag, Continental Ceo, German Auto, Power Struggle, Q2 Financials, Schaeffler, Shareholder

A U.S. judge ruled today that auto parts maker Delphi Corp. can sell itself to a group of lenders — paving the way for the company to end its near four-year trip through bankruptcy court.

Tags: Auto Parts, auto-parts maker, Bankruptcy Court, Delphi, Delphi Corp., Gm, GM A U.S., Lenders, Paving The Way

Bankrupt auto parts maker Delphi Corp.’s board late today said it favored a bid put forward by its bankruptcy lenders for its assets over a rival bid by private equity firm Platinum Equity.

Tags: Assets, Auto Parts, auto-parts maker, Bankruptcy, bankruptcy lenders, Bid, Delphi, Delphi Corp., Gm, Gm Auto, Gm Parts, Lenders, Platinum Equity, Private Equity Firm, Rival, S Board

The Pension Benefit Guaranty Corp. said today it would assume responsibility for the pension plans of 70,000 workers and retirees of bankrupt U.S. auto parts maker Delphi Corp .

Tags: Auto Parts, auto-parts maker, Delphi, Delphi Corp., Pension Agency, Pension Benefit Guaranty, Pension Benefit Guaranty Corp, Pension Plans, The Pension Benefit Guaranty Corp., U S Auto, United States

A court hearing that could clear the way for auto parts maker Delphi Corp. to emerge from almost four years of bankruptcy has been set for July 23.

Tags: Auto Parts, auto-parts maker, Court Hearing, Delphi, Delphi Bankruptcy, Delphi Corp., Exit

A court hearing that could clear the way for auto parts maker Delphi Corp. to emerge from almost four years of bankruptcy has been set for July 23.

Tags: Auto Parts, auto-parts maker, Bankruptcy, Court Hearing, Delphi, Delphi Corp., Exit

A court hearing that could clear the way for auto parts maker Delphi Corp. to emerge from almost four years of bankruptcy has been set for July 23.

Tags: Auto Parts, auto-parts maker, Court Hearing, Delphi, Delphi Bankruptcy, Delphi Corp., Exit

U.S. auto parts maker Visteon Corp. received interim court approval today to pay wages, benefits and payroll taxes while in bankruptcy. The approval came during a hearing in U.S. Bankruptcy Court in Delaware.

Tags: Auto Parts, auto-parts maker, Bankruptcy Court, Bankruptcy Delaware, Court Approval, Delaware, Interim, Payroll Taxes, U S Auto, U.S. Bankruptcy Court, United States, Visteon, Visteon Corp, Wages

Visteon Corp., the auto-parts maker that hasn’t posted an annual profit since being spun off from Ford Motor Co. nine years ago, is preparing to file for bankruptcy, the Detroit News reported.

Tags: Auto Parts, auto-parts maker, Bankruptcy News, Detroit News, File Bankruptcy, File For Bankruptcy, Ford, Ford Motor, Ford Motor Co., Hasn, Nine Years, The Detroit News, Visteon, Visteon Corp

Visteon Corp., the auto-parts maker that hasn’t posted an annual profit since being spun off from Ford Motor Co. nine years ago, said on Thursday it had filed for Chapter 11 bankruptcy protection for its U.S. operations. In a filing with the U.S.

Tags: Auto Parts, auto-parts maker, Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, File Bankruptcy, File For Bankruptcy, Ford, Ford Motor, Ford Motor Co., Hasn, Metaldyne, Nine Years, United States, Visteon, Visteon Corp

Hyundai Mobis Co., South Korea’s biggest auto parts maker, will try again to absorb sister company Hyundai Autonet after its earlier attempt was scrapped due to high costs, the two companies said today.

Tags: Auto Parts, auto-parts maker, Hyundai, Hyundai Autonet, Hyundai Korea, Hyundai Mobis, Hyundai Mobis Co., Sister Company, Sister Firm, South Korea

Visteon Corp. said on Tuesday that lenders had granted the auto parts maker temporary waivers on credit facilities after auditors, as expected, raised significant doubt about its ability to continue as a business. Visteon, spun off by Ford Motor Co.

Tags: Auto Parts, auto-parts maker, bank waiver, Doubt, Ford, Ford Motor, Ford Motor Co., Lenders, Visteon, Visteon Corp, Waivers

Visteon Corp. said on Tuesday that lenders had granted the auto parts maker temporary waivers on credit facilities after auditors, as expected, raised significant doubt about its ability to continue as a business. Visteon, spun off by Ford Motor Co.

Tags: auto-parts maker, bank waiver, Ford Motor Co., Visteon Corp

Chinese automaker Beijing Automotive Industry Co. is seeking to buy U.S. auto parts maker Delphi Corp.’s non-core assets, the 21th Century Business Herald said today.

Tags: 21th Century, Auto Parts, Auto Report, auto-parts maker, Automotive Industry, Beijing, Beijing Automotive Industry Co., Business Herald, Buy Auto, Century Business, Chinese Automaker, Core Assets, Delphi, Delphi Corp., Delphi Report, Industry Co, U S Auto, United States

Canadian auto parts maker Magna International Inc. said today it has reached a tentative contract agreement with the UAW that could save its gear assembly plant in Syracuse, N.Y.

Tags: Assembly Plant, Auto Parts, auto-parts maker, Canadian Auto, Gear Assembly, Magna International, Magna International Inc, New York, Syracuse, Tentative Contract Agreement, UAW

Troubled auto parts maker Delphi Corp said its value had deteriorated more than expected in recent months amid a steep slump in the auto sector and it has sought U.S.

Tags: Auto Parts, Auto Sector, auto-parts maker, Delphi, Delphi Corp., Retiree Health Benefits, Slump, United States

Magna International Inc. will close its gear assembly plant in Syracuse, N.Y., the Canadian auto parts maker said on Wednesday, after workers rejected a contract the company said was necessary to keep the factory competitive.

Tags: Assembly Plant, Auto Parts, auto-parts maker, Canadian Auto, Gear Assembly, Jobs International, Magna International, Magna International Inc, New Jobs, New York, Syracuse