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- 1Auto parts giant's shares slide on report of $6.3bn charge●Auto parts giant’s shares slide on report of $6.3bn charge
Shares of a major auto parts supplier fell after a report that the company is preparing to book a charge of about $6.3 billion. The writedown would mark one of the larger charges in the sector recently, and investors reacted by selling the stock. Details on the exact cause of the charge and which divisions it affects remain limited in the initial report.