Wabco to Be Sold to German Rival in AV Push
The $7 billion merger continues the trend of auto parts suppliers bulking up in the race toward autonomous vehicles.
Fiat Sells Auto Parts Unit to Calsonic for $7.1B
The deal will "create a competitive automotive supplier which is extremely well placed among the global Top Ten.”
Icahn to Sell Federal-Mogul to Tenneco for $5B
The deal is the latest shakeup in the auto parts business, with Tenneco planning to split into two companies after it is completed.
LKQ Expands in Europe With Stahlgruber Buy
The auto parts retailer is the No. 1 distributor in Europe but rival Genuine Parts has been moving into that territory.
AutoZone Shares Dive 11% on Earnings Miss
The retailer's same-store sales fell 0.8% in the third quarter, the fifth straight quarter they have missed analysts' estimates.