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Honda builds parts plant in Thailand to meet demand
YAHOO
Reuters - Honda Motor Co. (7267.T), Japan's third-biggest car maker, said on Tuesday it is spending about 3.8 billion yen ($32.7 million) to build an auto parts plant in Thailand to keep pace with strong demand especially in Asia.
Auto Parts News
Delphi reports $828 million 4th-quarter loss
YAHOO
Reuters - Bankrupt auto parts supplier Delphi Corp. on Tuesday reported an $828 million fourth-quarter net loss, pressured by charges, declining production in North America and rising commodity costs.
Auto Parts News
UAW to shift $110 mln from strike fund
YAHOO
Reuters - The United Auto Workers on Tuesday voted to shift up to $110 million from its strike fund, a move read as a sign union leadership is not girding for a protracted strike at bankrupt auto parts supplier Delphi Corp.
Auto Parts News
Delphi and UAW reach agreement
YAHOO
Reuters - Bankrupt auto parts maker Delphi Corp. said on Friday it has reached an agreement with the United Auto Workers to offer buyouts to workers and expand its attrition plan to less senior workers.
Auto Parts News
Delphi buyout, early retirement deal seen soon: report
YAHOO
Reuters - A deal could soon be reached to offer thousands of workers at bankrupt auto parts supplier Delphi Corp. lump-sum payments of $70,000 to $140,000 to leave the company and their health-care benefits, The Wall Street Journal said on Thursday.
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Auto Parts News Delphi, union consider more buyout offers: report
YAHOO
Reuters - Bankrupt auto parts supplier Delphi Corp. and the United Auto Workers Union are moving close to a negotiated deal that would offer early retirement incentives for lower seniority workers, the Detroit News reported on Tuesday.
Sources: YAHOO
Auto Parts News Delphi making progress in union contract talks
YAHOO
Reuters - Delphi Corp. , an auto parts maker operating under bankruptcy protection, said on Monday it is making progress in talks with its unions that are aimed at avoiding a possible termination of its labor contracts.
Sources: YAHOO
Auto Parts News DaimlerChrysler to boost parts purchases in China
YAHOO
Reuters - DaimlerChrysler AG (DCXGn.DE) plans to boost its purchases of China-made auto parts eightfold by 2008, the carmaker said on Friday, joining the rush for low-cost local content in the fast-growing Chinese market.
Sources: YAHOO
Auto Parts News GM Asks Judge To Postpone Delphi Hearings
AHN
General Motors said Wednesday that it had asked US bankruptcy court a 60-day adjournment on auto parts maker Delphi Corp. to give the companies more time to reach a out of court agreement with their unions. Delphi, which was spun...
Sources: AHN
Auto Parts News AutoZone posts lower quarterly earnings
YAHOO
Reuters - AutoZone Inc. , the largest U.S. auto parts retail chain, on Wednesday posted lower quarterly earnings.
Sources: YAHOO
Auto Parts News Delphi board hopeful for labor deal
YAHOO
Reuters - The board of directors of bankrupt auto parts maker Delphi Corp. is hopeful of reaching a negotiated labor settlement as part of its reorganization that would be "reasonable for all parties," a Delphi director said on Wednesday.
Sources: YAHOO
Auto Parts News UAW Delphi units authorize strike if necessary
YAHOO
Reuters - The United Auto Workers on Tuesday said its U.S. hourly workers have voted overwhelmingly to authorize a strike if bankrupt auto parts maker Delphi Corp. tosses out its labor contracts as part of its reorganization.
Sources: YAHOO
Auto Parts News Delphi argues for permission to void labor deals
YAHOO
Reuters - Bankrupt auto parts maker Delphi Corp. on Tuesday argued for permission to void its existing labor contracts with unions, saying it needs the authority to succeed in its efforts to reorganize its money-losing North American operations.
Sources: YAHOO
Auto Parts News Delphi official says can't rule out US strike
YAHOO
Reuters - A senior executive at bankrupt U.S. auto parts maker Delphi Corp would not rule out the prospect of a strike in the United States, but said intense negotiations are still going on.
Sources: YAHOO
Auto Parts News Visteon posts quarterly profit
YAHOO
Reuters - Auto parts maker Visteon Corp on Tuesday posted a quarterly profit versus a year earlier loss when it was still negotiating a deal to return several high cost plants to former parent Ford Motor Co.
Sources: YAHOO
Auto Parts News Delphi unable to reach GM deal on price reductions
YAHOO
Reuters - Bankrupt auto parts maker Delphi Corp. on Monday said it has been unable to agree to terms with General Motors Corp. under which GM would continue to give up contractually obligated price reductions by Delphi on components it provides to GM.
Sources: YAHOO
Auto Parts News Delphi credit agreement allows more time for results
YAHOO
Reuters - Bankrupt auto parts supplier Delphi Corp. said on Tuesday its lenders have agreed to give it additional time to file its year-end and quarterly financial statements.
Sources: YAHOO
Auto Parts News Alcoa first-quarter profit rises
YAHOO
Reuters - Alcoa Inc. , the world's biggest aluminum producer, said on Monday that first-quarter net income more than doubled on high metal prices and strong demand for products such as auto parts.
Sources: YAHOO
Auto Parts News Judge approves Delphi-GM-UAW attrition plan
YAHOO
Reuters - Bankrupt auto parts maker Delphi Corp. won court approval on Friday for its attrition agreement with former parent General Motors Corp. and the United Auto Workers Union.
Sources: YAHOO
Auto Parts News A strike at Delphi could push GM to empty: analysts
YAHOO
Reuters - General Motors' Corp. could be forced to shut its North American operations at a cost of $1 billion a week or more if a strike hits Delphi Corp., analysts said on Friday.
Sources: YAHOO
Auto Parts News Delphi Seeks To Void Labor Contracts, Cut Jobs
AHN
Nidhi Sharma - AHN Contributor Chicago (AHN) - Auto parts maker Delphi Corp. said it will move on Friday to void its U.S. labor contracts and unprofitable deals with former parent General Motors Corp., and that it will shed up to 8,500 salaried workers and cut its global plant base by a third....
Sources: AHN
Auto Parts News Delphi seeks to void labor contracts, cut jobs
YAHOO
Reuters - Auto parts maker Delphi Corp. said it will move on Friday to void its U.S. labor contracts and unprofitable parts deals with former parent General Motors Corp. , and that it will shed up to 8,500 salaried workers and cut its global plant base by a third.
Sources: YAHOO
Auto Parts News US, EU Take China To WTO On Auto Parts
AHN
Nidhi Sharma - AHN Contributor Hua Hin, Thailand (AHN) - On Thursday, in an unusual joint action, the United States and the European Union filed a complaint against China with the World Trade Organization (WTO) regarding Chinese tariff policies intended to promote the local production of auto...
Sources: AHN
Auto Parts News Lear to suspend dividend, restructures Europe unit
YAHOO
Reuters - Auto parts maker Lear Corp. , in the midst of a two-year restructuring plan, said on Wednesday it will suspend its quarterly cash dividend and borrow $800 million as it tries to weather difficult conditions in the sector.
Sources: YAHOO
Auto Parts News Delphi submits new proposal to United Auto Workers
YAHOO
Reuters - Bankrupt auto parts supplier Delphi Corp. has submitted new proposed wage and benefit cuts to the United Auto Workers with hopes of reaching an out-of-court agreement, a spokesman said on Monday.
Sources: YAHOO
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