(NEW YORK)Standard & Poor's cut its ratings on two auto parts suppliers and warned several others could be next, citing the steep downturn in the auto industry.READ MORE

(NEW YORK)Steep drops in vehicle production both at home and abroad, along with the ongoing turmoil in the financial markets, are expected to push many auto suppliers to third-quarter losses...READ MORE

(NEW YORK)Shares of automotive companies rose Wednesday, along with the broader market, after the Federal Reserve slashed a key interest rate by half a percentage point.READ MORE

Among the earnings projection stories for Wednesday, Oct. 29, from AP Financial News: HARTFORD, Conn. (AP)--Managed care provider Aetna Inc. said Wednesday lower investment income ...READ MORE

(AUBURN HILLS, Mich.)Automotive supplier BorgWarner Inc. said Wednesday that it swung to a loss in the third quarter, primarily due to a one-time charge related to its buyout of Beru AG.READ MORE

(AUBURN HILLS, Mich.)Automotive supplier BorgWarner Inc. said Wednesday it expects $2.1 billion in new business over the next three years. The company said it expects net new powertrain business to gro...READ MORE

(DETROIT)An analyst cut his U.S. auto sales estimate and downgraded shares of Johnson Controls Inc. and Arvin Meritor Inc., saying the credit-tightening cycle that is cutting sales is in it...READ MORE