Tag: Auto Parts

Nidec shares fell as much as 18 per cent on Monday following a report that the Japanese auto parts maker will book an impairment charge of ¥1tn ($6.3bn) and dismiss its boss as part of the fallout from one of Japan’s biggest accounting frauds.

A U.S. bankruptcy judge on Monday rejected auto parts maker First Brands’ proposal to pay back creditors by pursuing litigation against insiders, instead converting the case ​to a more straightforward Chapter 7 liquidation.

Shares of automotive safety and electronics provider Aptiv (APTV) fell early Monday after offering solid quarterly earnings and guidance.