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Autos Automobiles and Components

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  • *Renault takes aim at Peugeot in Iran. PARIS, Sept 3- France's PSA Peugeot Citroen, the biggest-selling European carmaker in pre-sanctions Iran, has hit a setback in its bid to reclaim that throne: domestic rival Renault. Now Renault plans to use $560 million of its cash that had been trapped in Iran to seize the advantage, after July's international deal to lift...

  • Electric car charging stations power up in Singapore

    Khoo Lin-Zhuang, senior vice president at Greenlots, discusses the company's move to roll out more electric vehicle charging stations in Singapore.

  • SAN FRANCISCO, Sept 2- Tesla Motors Inc said on Wednesday it would begin delivering its first luxury electric crossovers, the Model X Signature series, on Sept. 29 to customers who have already reserved the sport utility vehicles. The premium-priced special version of the Model X, eagerly awaited since it was announced in early 2012, will be priced between...

  • Auto market: China vs. US Wednesday, 2 Sep 2015 | 3:15 PM ET
    Auto market: China vs US

    CNBC’s Mary Thompson takes a closer look at industry suppliers in the auto space as sales decline in China but rise in the U.S.

  • Honda's largest sport utility vehicle is bigger than ever on the inside, particularly in its third-row seats. The starting manufacturer's suggested retail price, including destination charge, for the 2016 Pilot is $30,875 for a base LX model with front-wheel drive. The lowest starting retail price, including destination charge, for an all-wheel drive Pilot...

  • STOCKHOLM, Sept 2- The former chief executive of carmaker Saab Automobile was charged on Wednesday with giving false testimony, as the aftermath of the Swedish company's bankruptcy played out in court. Jan Ake Jonsson was charged in a Swedish district court with giving false testimony over an import and wholesaler agreement in Ukraine in March 2011 when he was...

  • Gas is cheap, but Toyota still betting on hydrogen Wednesday, 2 Sep 2015 | 10:00 AM ET
    Toyota's Mirai is a hydrogen cell fuel based vehicle.

    Toyota is launching the hydrogen-powered Mirai during a period of low energy prices.

  • AutoNation CEO: Buy stocks because economy looks good Wednesday, 2 Sep 2015 | 7:16 AM ET
    AutoNation August new unit sales down 5% YOY

    Mike Jackson, AutoNation chairman and CEO, breaks down August sales and shares his outlook on the auto industry, U.S. economy and markets.

  • BERLIN— Top directors at German carmaker Volkswagen plan to give a two-year contract extension to CEO Martin Winterkorn, who emerged on top of a power struggle this year with company patriarch Ferdinand Piech. But the company has struggled to reduce costs and improve market share in the United States. It now faces slackening demand in China, which is a key source...

  • Fed rate hike will hurt US auto sales: Expert Tuesday, 1 Sep 2015 | 10:44 PM ET
    Fed rate hike will hurt US auto sales: Expert

    John Humphrey, senior vice president of Global Automotive Operations at J.D. Power and Associates, explains how U.S. auto sales may be affected if the Fed increases interest rates this year.

  • Growth in US auto sales was surprising: Analyst Tuesday, 1 Sep 2015 | 7:32 PM ET
    Growth in US auto sales was surprising: Analyst

    Brian Sponheimer, auto & capital equipment analyst at Gabelli & Company, discusses the above-view auto sales last month, with U.S. consumers continuing to show their penchant for pickup trucks and SUVs.

  • What's powering US auto sales Tuesday, 1 Sep 2015 | 6:19 PM ET
    What's powering US auto sales

    Karl Brauer, senior analyst at Kelley Blue Book, says a confluence of factors such as low interest rates helped the U.S. auto industry to chalk up its strongest sales pace since July 2005.

  • TORONTO, Sept 1- A healthy appetite for light trucks pushed auto sales in Canada to a monthly record in August, with Fiat Chrysler Automobiles nudging out Ford Motor Co as the top seller, according to data released on Thursday. General Motors Co's sales, meanwhile, jumped a healthy 12 percent. GM sold 24,653 cars and trucks in Canada, up from 22,111 a year earlier, as...

  • Top selling vehicles in the US in August Tuesday, 1 Sep 2015 | 5:17 PM ET

    Automakers reported U.S. sales for August on Tuesday.

  • But managers told workers that employment levels would not be affected, although they didn't provide details on how that would happen, said Bruce Baumhower, president of United Auto Workers Local 12. Automotive News first reported the decision. He told Automotive News that the only way to keep the Wrangler in Toledo would be to move it into the space now occupied...

  • DETROIT, Sept 1- U.S. safety regulators on Tuesday said that about 19 million defective Takata Corp air bag inflators remain installed in U.S. vehicles, and that no root cause to the problem has been found. About 19.2 million vehicles containing a total of 23.4 million air bag inflators made by 11 automakers have been recalled, a NHTSA official said.

  • *Manufacturing expansion slowest since May 2013. WASHINGTON, Sept 1- U.S. factory activity braked to a more than two-year low in August, but sturdy gains in automobile sales and construction spending suggested the economy remained on solid footing. "It suggests that the recent eruption in uncertainty towards Chinese and global growth is beginning to affect U.S....

  • PROVIDENCE, R.I.— The state has hired an economic forecasting firm to figure out how implementing Gov. Gina Raimondo's proposal to toll large commercial trucks in a variety of ways could affect the economy. The state finalized a contract with the Massachusetts- based Regional Economic Models Inc. on Monday for $50,000.

  • UPDATE 2-Canada auto sales mixed in August Tuesday, 1 Sep 2015 | 3:19 PM ET

    TORONTO, Sept 1- General Motors Co's Canadian sales jumped 12 percent in August, as Fiat Chrysler Automobiles NV's sales edged up 0.4 percent, and Ford Motor Co sales fell, the companies said on Tuesday. GM sold 24,653 cars and trucks in Canada, up from 22,111 a year earlier, as truck sales jumped 14.6 percent, and car sales rose 3.2 percent. Honda Canada, part of Honda...

  • Auto sales rate highest in 10 years: Autodata Tuesday, 1 Sep 2015 | 3:06 PM ET
    A customer views a Ford Motor Co. Focus vehicle displayed for sale at a dealership in Niles, Illinois.

    There is one bright spot for the market today, auto sales. CNBC's Dominic Chu reports the details.