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Takata mulls bankruptcy for U.S. unit, filing will take time: source

WASHINGTON/TOKYO (Reuters) – Japan's Takata Corp is considering a bankruptcy filing for its U.S. unit as the air bag maker looks for a sponsor to help pay for liabilities related to its faulty inflators, a person briefed on the matter told Reuters. Takata, which has retained investment bank Lazard Ltd as an adviser, has been working to choose a backer for its turnaround …

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Takata mulls bankruptcy for U.S. unit, filing will take time: source

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South Korea to widen Takata air bag recall by 110,000 vehicles

South Korea said on Wednesday that 13 automakers will recall some 110,000 vehicles equipped with Takata Corp's defective air bags, the latest development in a long-running safety crisis involving the Japanese company. The United States in May announced a new round of recall of Takata's air bag inflators which have been linked to at least 14 deaths and more than 100 injuries and triggered the largest-ever auto recall. South Korea's transport ministry said a total of 221,870 vehicles

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South Korea to widen Takata air bag recall by 110,000 vehicles

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South Korea to widen Takata air bag recall by 110,000 vehicles

South Korea said on Wednesday that 13 automakers will recall some 110,000 vehicles equipped with Takata Corp's defective air bags, the latest development in a long-running safety crisis involving the Japanese company. The United States in May announced a new

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South Korea to widen Takata air bag recall by 110,000 vehicles

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Fiat Chrysler recalls 1.1 million cars, SUVs for rollaway issue

By David Shepardson WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said on Friday it is recalling more than 1.1 million cars and SUVs worldwide because the vehicles may roll away after drivers exit. The recall covers the 2012-2014 Dodge Charger and Chrysler 300 sedans…

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Fiat Chrysler recalls 1.1 million cars, SUVs for rollaway issue

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Tata Steel to launch UK sale process by Monday: UK minister

India's Tata Steel will launch the formal sale process for its British assets by Monday and give a “reasonable” timeframe to find a buyer, Britain's business minister said after meeting the company's chairman in Mumbai. Prime Minister David Cameron's government has sought to broker a deal with potential buyers after Tata Steel put its British operations up for sale last week, threatening thousands of jobs. Tata had said it wanted…

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Tata Steel to launch UK sale process by Monday: UK minister

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Glencore sells agri unit stake for $2.5 billion to Canadian pension fund

Commodity miner and trader Glencore has agreed to sell 40 percent of its agricultural unit to Canada's state pension fund for $2.5 billion, the company's latest step to cut debt and soothe investor concerns about the impact of weak commodity prices. The sale values the agricultural unit as a whole at close to the initially expected $10 billion, including $0.6 billion in debt and $2.5 billion in inventories, and comes after Glencore…

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Glencore sells agri unit stake for $2.5 billion to Canadian pension fund

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Fiat Chrysler cuts 1,300 workers in Michigan, scraps shift

By Bernie Woodall DETROIT (Reuters) – Fiat Chrysler Automobiles said on Wednesday it is laying off about 1,300 workers indefinitely and ending one of the two shifts at its Sterling Heights, Michigan plant that makes the slow-selling midsize Chrysler 200 sedan. U.S. sales of the Chrysler 200 were down 63 percent in the first three months of this year from a year earlier, as FCA has de-emphasized sales of the model which had been often sold to rental agencies. The company did not say how long it would continue to make …

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Fiat Chrysler cuts 1,300 workers in Michigan, scraps shift

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Fiat Chrysler cuts 1,300 workers in Michigan, scraps shift

Fiat Chrysler Automobiles said on Wednesday it is laying off about 1,300 workers indefinitely and ending one of the two shifts at its Sterling Heights, Michigan plant that makes the slow-selling midsize Chrysler 200 sedan. U.S. sales of the Chrysler 200 were down 63 percent in the first three months of this year from a year earlier, as FCA has de-emphasized sales of the model which had been often sold to rental agencies. The company did not

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Fiat Chrysler cuts 1,300 workers in Michigan, scraps shift