Exclusive: Wells Fargo faces sanctions for auto insurance payouts - sources

WASHINGTON (Reuters) - U.S. regulators are preparing to sanction Wells Fargo for receiving commissions on auto insurance policies it helped force on more than half a million drivers, people with direct knowledge of the probes told Reuters.


Thai auto heir launches new party, promises to heal political rift

BANGKOK (Reuters) - A scion of Thailand's biggest auto parts group launched a new political party in Bangkok on Thursday as an alternative to established parties, promising to bridge a festering political divide in the country.


Auto parts maker Magna invests $200 million in Lyft

(Reuters) - Canadian automotive parts supplier Magna International Inc said on Wednesday it will invest $200 million in Lyft Inc and work with the U.S. ride-hailing firm to manufacture self-driving cars.


Japan auto parts giant Denso raises stake in chip maker Renesas

TOKYO (Reuters) - Japanese auto parts supplier Denso Corp said on Friday it has agreed to acquire an additional 4.5 percent stake in chip maker Renesas Electronics Corp , as carmakers accelerate development of self-driving vehicles and other technologies


U.S. senators call new hearing on Takata auto air bag inflators

WASHINGTON (Reuters) - U.S. Senators will convene a previously undisclosed hearing to focus on the status of Takata air bag inflator recalls, the largest, most complex recall process in auto history that some lawmakers say is too slow.


Trump auto tax threat hits BMW, Daimler

LONDON (Reuters) - Investors sold shares in BMW and Daimler on Monday after President Donald Trump said the U.S. may tax imports of European cars if the EU retaliates against his plan to impose tariffs on aluminium and steel.

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Trump threatens to tax European auto imports

WASHINGTON (Reuters) - U.S. President Donald Trump kept up pressure on trading partners on Saturday, threatening European automakers with a tax on imports if the European Union retaliates against his plan to slap tariffs on aluminum and steel.


As NAFTA weighs, Trump's tariffs drive new U.S. auto concerns

MEXICO CITY (Reuters) - From a hotel in Mexico City, Ann Wilson, a senior executive at the U.S. Motor and Equipment Manufacturers Association (MEMA), is fielding calls from American auto parts makers worried that President Donald Trump's metal tariffs wil

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