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Autos Automobiles and Components

  • DETROIT, March 22- The cost to implement tough fuel-efficiency standards for cars imposed by the Obama administration for the first half of the next decade could be up to 40 percent lower than previously estimated using existing conventional technologies, according to a report from a nonprofit group released on Wednesday. Instead of an average cost of $875...

  • FOREST CITY, Iowa _ Winnebago Industries Inc. on Wednesday reported fiscal second-quarter profit of $15.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share. Three analysts surveyed by Zacks expected $342.5 million.

  • BEIJING, March 22- China's Geely Automobile Holdings Ltd posted its biggest profit growth in eight years on Wednesday, as improved product design and engineering following its 2010 purchase of Sweden's Volvo helped propel it to record sales. Geely, which also owns the maker of London's black cabs, has already forecast a 31 percent jump in sales for the current...

  • The source said the Paris prosecutor had opened the investigation on March 15, after the finance ministry's DGCCRF consumer affairs and anti-fraud body had referred the case to the courts. The French test programme, overseen by a commission set up by Environment Minister Segolene Royale, has so far led to four carmakers- Volkswagen, Renault, Fiat Chrysler and...

  • PARIS, March 21- A French prosecutor has opened an investigation into Fiat Chrysler over allegations that the carmaker cheated in diesel emission tests, a judicial source said on Tuesday. A Fiat spokesman said the company took note of the investigation and reiterated that its diesel vehicles fully comply with emission regulations, as confirmed by the Italian...

  • PARIS, March 21- A French prosecutor has opened an investigation into Fiat Chrysler over allegations that the carmaker cheated in diesel emission tests, a judicial source said on Tuesday. The source said the Paris prosecutor had opened the investigation on March 15, after the finance ministry's DGCCRF consumer affairs and anti-fraud body had referred the...

  • March 21- Polaris Industries Inc is recalling about 19,200 all-terrain vehicles due to fire hazard and risk of injury, the U.S. Consumer Product Safety Commission said on Tuesday. Polaris will recall all model year 2015 and 2016 Sportsman 850 and 1000 all-terrain vehicles, the U.S. consumer-safety regulator said. The right side panel heat shield in the ATVs can...

  • BMW Group and rival Mercedes have both forecast that demand for electric and hybrid cars will rise to 15-25 percent of sales by 2025, forcing them to overhaul their production lines and vehicle platforms to accommodate mass production techniques. "The fully electric drivetrain will be integrated into our core brands," CEO Harald Krueger told a news...

  • *Porsche SE eyes 2.1- 3.1 bln euro net profit in 2017. STUTTGART, Germany, March 21- Porsche SE, the majority shareholder in Volkswagen, expects its profits to jump this year as the world's biggest carmaker presses on with a revamp of its business following a diesel emissions scandal. Porsche SE, which represents VW's founding Porsche and Piech families and controls...

  • *BMW preparing to make electric cars in China. MUNICH, March 21- German carmaker BMW plans to ramp up production of profitable sport-utility vehicles to boost earnings this year and help fund the rollout of a mass production system for electric cars, it said on Tuesday. Even local production in China is being readied to make batteries and electric powertrains, BMW...

  • FRANKFURT, Germany— German automaker BMW is forecasting increased sales and profits this year as it begins the rollout of some 40 new models and aims to sell 100,000 electric-powered cars. The company said Tuesday it expects "a slight increase" from last year, when it had 94.2 billion euros in revenues and net profit of 6.9 billion euros. Munich- based BMW AG has...

  • BEIJING, March 21- China's Geely Automobile Holdings Ltd is set to post its biggest profit growth in eight years on Wednesday, as improved product design and engineering following its 2010 purchase of Sweden's Volvo helped propel it to record sales. Geely, which also owns the maker of London's black cabs, has already forecast a 31 percent jump in sales for the...

  • Warm weather and an economy heating up mean a record number of people will be flying this spring.

  • WASHINGTON, March 17- Arconic Inc said on Friday it had dropped its request for a $259 million loan from the U.S. Energy Department, a day after the Trump administration proposed killing the program aimed at boosting manufacturing of advanced technology vehicles. In 2015 the Obama administration announced a "conditional commitment" to loan Alcoa Corp the $259...

  • SAN FRANCISCO, March 17- Tesla Inc's $1.2 billion share and convertible debt offering on Friday demonstrates once again the unflagging ability by the luxury electric carmaker and its high-profile head, Elon Musk, to tap Wall Street for sorely needed cash. The capital raise removed "an overhang on the stock," in the eyes of investors, wrote analyst Jamie Albertine...

  • Trump came to the Detroit area earlier this week to announce that his Environmental Protection Agency will re-examine gas mileage requirements that were affirmed in the Obama administration's last days. We have to design our vehicles to be fuel efficient not only in the U.S., but in Europe and Asia, "said John Juriga, director of powertrain at the Hyundai-Kia...

  • BERLIN— Negotiations are underway that could result in longtime Volkswagen patriarch Ferdinand Piech selling his shares in a company that technically controls a majority in the German automaker. The Piech and Porsche families own more than 50 percent of Volkswagen through Porsche Automobil Holding SE. Piech, a former Volkswagen chief executive and a...

  • BERLIN, March 17- Former Volkswagen Chairman Ferdinand Piech is in talks to sell his stake in Porsche SE in a deal that would shake up the ownership structure of the company that controls Volkswagen, the world's largest carmaker. The families are in negotiations for a 14.7 percent stake in Porsche SE, worth around 1 billion euros, to be transferred from Piech to...

  • JERUSALEM— As the world moves toward an era of self-driving cars, Israel is positioning itself to be the Detroit of the future. Israel is now home to hundreds of startups that provide everything from censors to cybersecurity to data collection for autonomous vehicles, putting it alongside Silicon Valley at the forefront of an industry that many expect to take...

  • The White House budget blueprint proposes ending the Advanced Research Projects Agency-Energy, or ARPA-e, program, which gives $300 million a year in grants for research in technologies aimed at reducing fossil-fuel consumption and improving energy efficiency. The White House would also eliminate a U.S. Energy Department clean vehicle loan program that...