(NEW YORK)The financial woes of U.S. automakers have grabbed Washington's attention, but similar problems at auto suppliers have the potential to set off a cataclysmic chain of events in the...READ MORE
(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)Shares of Magna International Inc. fell sharply on Wednesday as an analyst cut his earnings estimate on the auto parts supplier, citing the slowdown in vehicle sales.READ MORE
Among the stock activity stories for Wednesday, Nov. 12, from AP Financial News: NEW YORK (AP)--Shares of JA Solar Holdings Co. tumbled Wednesday after the maker of solar cells rep...READ MORE
(NEW YORK)Canadian auto parts maker Magna International Inc. said Tuesday it lost $215 million in the third quarter, citing a continued decline in North American vehicle production that spre...READ MORE
Among the earnings projection stories for Tuesday, Nov. 4, from AP Financial News: NEW YORK (AP)--Magna International Inc. on Tuesday cut its full-year sales guidance, citing the c...READ MORE
Among the earnings stories for Tuesday, Nov. 4, from AP Financial News: Strong box office revenue for film 'Iron Man' helped boost Marvel Entertainment Inc.'s third-quarter earning...READ MORE