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Autos Automobiles and Components

  • GM Chief Financial Officer Chuck Stevens cautioned in a call with analysts that production of its profitable large pickup trucks in North America could fall by 10 percent in 2018 as a new generation of trucks is launched. The results excluded nearly $800 million in losses from the company's European operations, which are being sold to France's PSA Group.

  • Uber driver looking for new passengers in Washington, D.C.

    Uber bids to retain drivers by adding an in-app tipping feature and by paying drivers for the time they wait for passengers after two minutes. Recode reports.

  • FRANKFURT/ HAMBURG, July 25- Daimler's supervisory board will meet on Wednesday to discuss allegations that German carmakers were involved in anti-competitive behaviour, sources familiar with the matter said. European Union and German antitrust regulators are investigating whether BMW, VW, Porsche, Audi and Mercedes-Benz owner Daimler held meetings to...

  • Chevrolet Bolt vehicles sit covered in front of Chevrolet Sonic vehicles outside the General Motors Orion Assembly Plant in Orion Township, Michigan.

    General Motors investors are acting like the automaker is stuck in neutral.

  • GM Chief Financial Officer Chuck Stevens cautioned in a call with analysts that production of its profitable large pickup trucks in North America could fall by 10 percent in 2018 as a new generation of trucks is launched. The results excluded nearly $800 million in losses from the company's European operations, which are being sold to France's PSA Group.

  • July 25- Tesla Inc's Model S sedan regained Consumer Reports' top safety rating, the magazine said on Tuesday, after the automaker updated the emergency braking system on the vehicle. Tesla provided an over-the-air update in July to its software on the Model S to include automatic emergency braking at highway speeds, Consumer Reports said.

  • WASHINGTON, July 25- The U.S. Transportation Department said on Tuesday it may revise auto fuel efficiency requirements starting with the 2021 model year, a year earlier than previously disclosed, and could adopt lower standards through 2025.. The Alliance of Automobile Manufacturers, a trade group representing General Motors Co, Volkswagen AG, Toyota Motor...

  • FRANKFURT, Germany— Germany's BMW will make the electric version of its Mini compact cars at its factory in Oxford, England, a decision that comes at a time when automakers are scrutinizing investment plans due to Britain's impending departure from the European Union. BMW AG said Tuesday the battery-powered Mini would be based on the three-door model.

  • FRANKFURT/ HAMBURG, July 25- Daimler's supervisory board will meet on Wednesday to discuss allegations that German carmakers were involved in anti-competitive behaviour, sources familiar with the matter said on Tuesday. European Union and German antitrust regulators are investigating whether BMW, VW, Porsche, Audi and Mercedes-Benz owner Daimler held...

  • July 25- The U.S. Transportation Department said on Tuesday it may revise the 2021 model year fuel efficiency requirements as it reviews the Obama administration vehicle emissions rules a year earlier than previously disclosed. In March, President Donald Trump ordered a review of U.S. vehicle fuel-efficiency standards from model year 2022 through 2025.

  • DETROIT, July 25- General Motors Co on Tuesday reported a better-than-expected quarterly net profit from continuing operations despite falling revenue and promised to cut production in the second half to curtail its burgeoning inventory of unsold vehicles. The results for the quarter excluded losses from the company's European operations, consisting of...

  • DETROIT, July 25- General Motors Co on Tuesday reported a better-than-expected quarterly net profit from continuing operations despite falling revenue and the No. 1 U.S. automaker maintained its earnings outlook 2017.. GM said it still expected to earn between $6 and $6.50 per share in 2017.. GM reported second-quarter net income of $2.4 billion or $1.60 per...

  • GM WILL CUT Q3 AND Q4 NORTH AMERICAN PRODUCTION BY 150,000 VEHICLES TOTAL COMPARED TO FIRST HALF- CFO.

  • DETROIT— General Motors' second-quarter net profit fell more than 40 percent as the carmaker lost money on the sale of its European unit and took charges for restructuring in India and selling its business in South Africa. That's down $100 million from a year ago, due largely to a $270 million drop in North America that Stevens attributed to production cuts as the...

  • DETROIT, July 25- General Motors Co on Tuesday reported a lower quarterly net profit from continuing operations due to lower vehicle sales and restructuring charges, but results beat Wall Street expectations. The No. 1 U.S. automaker reported second-quarter net income of $2.4 billion or $1.60 per share, down from $2.8 billion or $1.74 per share a year earlier.

  • Toyota aims to challenge electric car rivals with a new battery that significantly increases driving range and reduces recharging time.

  • *Keeps net profit f'cast at 68 bln yen for year to March 2018. TOKYO, July 25- Mitsubishi Motors Corp on Tuesday posted a four-fold jump in its operating profit for the first quarter, as the Japanese automaker clawed back from a slump in domestic sales a year ago when it admitted to a mileage-cheating scandal. Operating profit at Japan's No.7 automaker came in at 20.6...

  • FRANKFURT/ HAMBURG, July 25- Daimler's supervisory board will meet on Wednesday and seek answers about whether German carmakers were part of a club that was allegedly involved in anti-competitive behaviour, sources familiar with the matter said on Tuesday. European Union and German antitrust regulators are investigating whether BMW, VW, Porsche, Audi and...

  • SYDNEY— A Sydney lawyer announced on Tuesday a class action lawsuit against Toyota, Honda and Mazda seeking refunds for cars fitted with faulty air bags from Takata that have been linked to 18 deaths around the world. Lawyer Damian Scattini said the Federal Court action seeks refunds based on an Australian consumer law that entitles consumers to refunds if a...

  • TOKYO, July 25- Mitsubishi Motors Corp on Tuesday posted a four-fold jump in its operating profit for the first quarter, as the Japanese automaker clawed back from a slump in domestic sales a year ago when it admitted to a mileage-cheating scandal. Operating profit at Japan's No.7 automaker came in at 20.6 billion yen for the April-June quarter, higher than an...