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Autos Automobiles and Components

  • July 27- Mattel Inc's quarterly sales and profit fell short of estimates as higher sales of Cars 3 toys failed to offset weak demand for the company's main brands such as Barbie and Fisher-Price in the United States. Shares of the company fell nearly 5 percent to $20.29 in aftermarket trading on Thursday. Mattel released its Cars 3 toys, miniature models of...

  • July 27- U.S. and California regulators are expected to approve Fiat Chrysler Automobiles long-delayed request to sell 2017 diesel vehicles a move that may help the Italian-American automaker win approval for a software fix on older diesel models. The software upgrade does not impact performance or durability and is expected to be announced as early as...

  • Mattel released its Cars 3 toys, miniature models of Lightning McQueen and Jackson Storm, on May 1, ahead of the film's release on June 16. Sales in the company's Asia Pacific region, of which China is a major part, rose 16 percent to $122.2 million in the latest quarter. Mattel is renewing its focus on emerging markets such as China where it has tied up with Alibaba...

  • July 27- Honda Motor Co said on Thursday that a Takata airbag inflator ruptured in car crash last week in Florida, in what could be the 19th death worldwide linked to faulty airbags recalled as part of the largest automotive safety campaign in history. Last week, authorities in Australia said the death of a Sydney man earlier this month that police said was likely...

  • The crash happened July 19 in Holiday, according to Honda. Honda said in a statement that it sent 21 mailed notices to the owners of the Accord involved in the Florida accident starting in 2011, including 10 to the current registered owner. But company records show the recall repair had not been made even though Honda says it has parts available.

  • July 27- Honda Motor Co said on Thursday that a Takata airbag inflator ruptured in a July 19 car crash in Florida in what could be the 19th death worldwide linked to a faulty Takata airbag recalled as part of the largest automotive safety campaign in history. The Japanese automaker said the driver of a 2002 Honda Accord was killed in Holiday, Florida, after the...

  • NEW YORK— Ford Motor Co. is bringing its crowd-sourced shuttle service Chariot to New York City in August, marking its biggest expansion since being purchased less than a year ago. The service started in San Francisco and then expanded to Austin, Texas. The Detroit automaker plans to have 60 vehicles, each with a 14- person occupancy, operating in New York by fall.

  • WASHINGTON— Volkswagen and U.S. environmental regulators announced agreement Thursday on a plan for the German automaker to fix most of the diesel cars involved in an emissions cheating scandal. The company said the Environmental Protection Agency and the California Air Resources Board have approved the program, which involves about 326,000 VW cars sold...

  • WASHINGTON, July 27- The U.S. Environmental Protection Agency and California Air Resources Board on Thursday approved a fix for 326,000 Volkswagen AG diesel cars, the agencies and the automaker said Thursday. Volkswagen agreed last year to offer to buy back up to 475,000 diesel vehicles with 2.0- liter engines that had been sold in the United States, including...

  • *German Transport Minister to ban some Porsche Cayenne models. BERLIN, July 27- German Transport Minister Alexander Dobrindt on Thursday announced a recall of Porsche Cayenne models equipped with 3- litre diesel engines after finding potentially illegal emissions controlling software in the vehicles. Sports car maker Porsche AG is owned by Volkswagen,...

  • WASHINGTON, July 27- An influential U.S. House committee on Thursday approved a revised bipartisan bill on a 54-0 vote that would speed the deployment of self-driving cars without human controls and bar states from blocking autonomous vehicles. Automakers and technology companies believe chances are good Congress will approve legislation before year end.

  • BERLIN, July 27- German Transport Minister Alexander Dobrindt on Thursday announced a recall of Porsche 3- litre Cayenne cars after finding illegal emissions controlling software in the vehicles. Dobrindt told reporters he was withdrawing certification for the vehicles, and Porsche would bear 100 percent of the cost of the recalls. Volkswagen CFO Frank...

  • WASHINGTON, July 27- An influential U.S. House Committee on Thursday approved a revised bipartisan bill on a 54-0 vote that would speed the deployment of self-driving cars without human controls and bar states from blocking autonomous vehicles. The bill would allow automakers to obtain exemptions to deploy up to 25,000 vehicles without meeting existing...

  • WASHINGTON, July 27- The U.S. Environmental Protection Agency and California Air Resources Board will approve later on Thursday a fix for more than 300,000 older Volkswagen AG diesel cars, two people briefed on the matter said. Volkswagen and EPA did not immediately comment. Volkswagen agreed last year to offer to buy back up to 475,000 2.0- liter diesel...

  • BERLIN— German authorities have found what they consider an illegal "defeat device" in a Porsche diesel model that manipulates emissions levels, leading to the recall of some 22,000 cars. Authorities will order an obligatory recall as in previous such cases, he added, saying that 7,500 such vehicles have been registered in Germany and some 22,000 across Europe.

  • WASHINGTON, July 27- The U.S. Environmental Protection Agency and California Air Resources Board will approve later on Thursday a fix for more than 300,000 older Volkswagen AG diesel cars, two people briefed on the matter said. The fix will include hardware and software upgrades, but will reduce vehicle fuel economy ratings by as much as 2 miles per gallon, said...

  • BERLIN, July 27- Germany's transport minister announced plans on Thursday for a fund to help cities modernise their transport systems and reduce pollution, but said it was too soon to bury the internal combustion engine. Speaking a day after Britain said it would ban the sale of new petrol and diesel cars from 2040, Alexander Dobrindt said the fund would provide...

  • BERLIN— Germany's transport minister said Thursday that it's too soon to talk about burying the combustion engine, underlining his government's reluctance to follow Britain and others in banning the sale of new cars and vans using diesel and gasoline from 2040.. Germany is home to auto powerhouses including Volkswagen, Daimler and BMW.

  • LONDON _ Fiat Chrysler Automobiles NV on Thursday reported second-quarter net income of $1.27 billion. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • DETROIT, July 27- U.S. auto sales in July likely fell a little more than 5 percent from the same month in 2016, a fifth consecutive month of declining sales and the largest monthly drop so far this year despite persistently large consumer discounts, industry consultants J.D. Power and LMC Automotive said on Thursday. Automakers will release U.S. sales results for...