×

Autos Automobiles and Components

  • LONDON, Feb 24- The head of French carmaker PSA played down the threat to British plants as he discussed his potential takeover of GM's European operations during a visit to London on Friday. Carlos Tavares, chief executive of Peugeot-maker PSA, has been on a charm offensive to reassure politicians and unions that any deal to buy the Opel business would not lead to...

  • Aurora, Ontario- based Magna said the cost of goods sold jumped 7.7 percent to $7.90 billion in the fourth quarter ended Dec. 31. The company said it expects total 2017 sales to be between $36.0 billion- $37.7 billion, compared with sales of $36.45 billion in 2016.. Net income attributable to Magna rose to $478 million, or $1.24 per share, in the fourth quarter, from $476...

  • FRANKFURT, Feb 24- Opel's European works council said it had agreed to open a line of communication with its counterpart at PSA Group as the French carmaker holds talks over a tie-up with the company. PSA, the Paris- based maker of Peugeot and Citroen cars, and General Motors confirmed on Feb. 14 they were in talks over a PSA-Opel tie-up to create Europe's...

  • FRANKFURT, Feb 24- Opel's European works council said it had agreed to open a line of communication with its counterpart at PSA Group as the French carmaker holds talks over a tie-up with the company. PSA, the Paris- based maker of Peugeot and Citroen cars, and General Motors confirmed on Feb. 14 they were in talks over a PSA-Opel tie-up to create Europe's...

  • STUTTGART, Feb 24- Daimler's Mercedes-Benz Vans division is looking closely at a growing demand in the United States for mid-sized pick-up trucks to see whether there is market potential to launch its X-Class model there, divisional head Volker Mornhinweg said on Friday. Mercedes-Benz Vans has already developed a mid-sized pick-up truck to be sold in South...

  • Feb 24- Canadian auto parts maker Magna International Inc posted an 8 percent rise in fourth-quarter sales due to higher demand. The company's total sales rose to $9.25 billion in the three months ended Dec. 31 from $8.57 billion a year earlier. Net income attributable to Magna was little changed at $478 million, or $1.24 per share, compared with $476 million, or...

  • VILLAVERDE, Spain, Feb 23- As the only European country where carmaker PSA's production overlaps with that of Opel, Spain could deliver the quick cost savings sought by PSA boss Carlos Tavares to convince investors to back his planned acquisition of the rival brand. Between them, PSA- maker of Peugeots and Citroens- and General Motors' Opel operate three Spanish...

  • SAN FRANCISCO— A self-driving car company founded by Google is colliding with ride-haling service Uber in a court battle revolving around allegations of betrayal, high-tech espionage and greed. The brewing showdown emerged late Thursday in a lawsuit filed in a San Francisco federal court by Waymo, a once-secretive self-driving company hatched by Google...

  • DETROIT, Feb 23- U.S. auto sales will show a 1 percent decline in February from a year earlier, industry consultant and car shopping website Edmunds said on Thursday. That sales rate is close to the 2016 full-year sales of 17.55 million vehicles, as reported by Autodata Corp.. GM's stronger sales are because of more generous incentives, said Jessica Caldwell,...

  • DETROIT, Feb 23- U.S. auto sales will show a 1 percent decline in February from a year earlier, industry consultant and car shopping website Edmunds said on Thursday. Edmunds estimated that February U.S. sales would be 1.33 million vehicles, for a seasonally adjusted annualized rate of 17.6 million. Automakers in the U.S. market report February sales on March 1.

  • FEBRUARY AUTO SALES AT SEASONALLY ADJUSTED ANNUALIZED RATE OF 17.6 MLN VEHICLES.

  • FEBRUARY AUTO SALES DOWN 1 PCT VS YEAR EARLIER AT 1.33 MLN VEHICLES.

  • VILLAVERDE, Spain, Feb 23- As the only European country where carmaker PSA's production overlaps with that of Opel, Spain could deliver the quick cost savings sought by PSA boss Carlos Tavares to convince investors to back his planned acquisition of the rival brand. Between them, PSA- maker of Peugeots and Citroens- and General Motors' Opel operate three Spanish...

  • *PSA wants to use own architecture for Opel models. PARIS, Feb 23- French carmaker PSA Group is planning an engineering blitz to redevelop Opel's core models with its own technology if it succeeds in buying General Motors' European arm, company sources and advisers told Reuters. The Peugeot maker, which is in talks with GM on an Opel deal, wants to build the next Corsa...

  • DETROIT— Car shopping isn't just about kicking the tires anymore. It's also about testing the technology. "Spend some time in the parking lot sitting in the car and just messing with it," says Ron Montoya, senior consumer advice editor for the car shopping site Edmunds.com.

  • Feb 23- Newly promoted to CEO at Nissan Motor, Hiroto Saikawa will bring a gruff, tough, no-nonsense approach to leading Japan's second-biggest car maker at a time of rapid technological change in the industry. The 63- year-old takes over in April from Carlos Ghosn, who engineered Nissan's recovery from years of losses and debt through broad cost-cutting and...

  • BERLIN, Feb 23- France and Germany on Thursday called on the management of General Motors and PSA Group to give a "long-term perspective" for all production sites in the proposed acquisition of Opel from the U.S. carmaker. They also said that both Opel and Peugeot should keep their own brand names and separate management entities. Paris- based PSA and GM confirmed...

  • VAN BUREN TOWNSHIP, Mich. _ Visteon Corp. on Thursday reported fourth-quarter profit of $2 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share. Six analysts surveyed by Zacks expected $794.7 million.

  • LONDON, Feb 23- Britain's business minister Greg Clark will meet the chief executive of Peugeot on Friday as the French carmaker explores the takeover of General Motors' European division, known as Vauxhall in Britain and Opel on the continent. Carlos Tavares is due to meet the head of Britain's biggest union Unite on Friday morning in London and has already...

  • *Hands helm to Saikawa, company veteran of 40 years. TOKYO, Feb 23- Nissan Motor Co said Carlos Ghosn will step aside as CEO after leading the company for 16 years, allowing him to concentrate on deploying his cost-cutting expertise across its alliance with Renault SA and newly added Mitsubishi Motors Corp.. In handing over the helm to Hiroto Saikawa, a company...