Category: parts

  • Italian prosecutors accuse 7 people, 2 firms over flawed Boeing plane parts By Reuters

    Written by Francesca Landini MILAN (Reuters) – Italian prosecutors on Saturday charged seven people and two subcontractors with crimes including fraud and violating aircraft safety rules after an investigation into suspected defective parts produced by an Italian company for Boeing (NYSE:). Prosecutors began their investigation in late 2021 after Boeing…

  • Exclusive-Vista Outdoor strikes deal to sell itself in two parts for $3.4 billion By Reuters

    Written by Anirban Sen and Abigail Somerville NEW YORK (Reuters) – Vista Outdoor (NYSE:) agreed on Friday to sell itself in parts to separate buyers for a total of $3.35 billion, including debt, after fending off a hostile rival that has pursued the sporting goods and ammunition maker for months.…

  • Exclusive-Vista Outdoor strikes deal to sell itself in two parts for $3.4 billion By Reuters

    Written by Anirban Sen and Abigail Somerville NEW YORK (Reuters) – Vista Outdoor (NYSE:) agreed on Friday to sell itself in parts to separate buyers for a total of $3.35 billion, including debt, after fending off a hostile rival that has pursued the sporting goods and ammunition maker for months.…

  • Car parts supplier Forvia cuts 2024 outlook again, to speed up job cuts By Reuters

    Written by Nathan Fevlin (Reuters) – French auto parts supplier Forvia cut its annual sales and profit forecasts for the second time in three months on Friday, reflecting weakness in European and North American markets and a delay in China. “We have lost, compared to last year, about 2 million…

  • Why are genuine spare parts so expensive?

    I have noticed a huge difference in the prices of spare parts. Why are original spare parts much more expensive than spare parts produced by independent brands? — Many readers A less documented type of car-related stress is “parts” rage, which I get reported to a lot given my vague…

  • Fed rate hikes finally squeeze these parts of the economy

    In the year since the Federal Reserve raised interest rates to their highest levels in more than two decades, the central bank has succeeded in easing the pressure on the overheating U.S. economy. But the rise in borrowing costs has also had some unexpected effects. High-income households reap the benefits…

  • BAT sells factory parts on nicotine pouch licence flop

    Bat Kenya is selling the machines installed at its Nairobi nicotine pouch factory, which has been idle for about five years as the government has refused to grant a marketing license for the new product. The cigarette maker announced the decision on Thursday in a commentary accompanying its financial results…

  • Australia auto parts retailer Bapcor rejects Bain Capital’s $1.2 billion bid By Reuters

    By Scott Murdock and Rajasik Mukherjee SYDNEY (Reuters) – Australian auto parts retailer Babcor on Tuesday rejected a A$1.83 billion ($1.23 billion) takeover bid from private equity firm Bain Capital, saying it did not fully reflect the company’s value. The company’s shares fell about 4.3% in early trading Tuesday. Australia’s…

  • US Senate panel expands probe into BMW use of parts from banned Chinese supplier By Reuters

    Written by David Shepardson WASHINGTON (Reuters) – The chairman of the Senate Finance Committee said on Monday he was expanding its investigation into German automaker BMW’s (ETR:) use of electronic components from a banned Chinese supplier. Last month, Senator Ron Wyden, after a two-year staff investigation, said he had learned…

  • Unga Group parts ways with MD Joseph Choge, picks insider

    Unga Group has parted ways with managing director Joseph Chuji after nearly two-and-a-half years and has turned to an insider to take over an acting role amid a drive to return to profitability. The Nairobi Stock Exchange-listed company announced on Wednesday that Mr Choji, who joined in December 2021, exited…