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Autos Automobiles and Components

  • The measures are aimed at rebooting the South Korean firm's branding in China, where many see Hyundai as a lower-end maker of city taxis. Hyundai and its affiliate Kia Motors were not long ago ranked third among foreign car brands in China, but recent sales have been hit by a consumer backlash over South Korea's deployment of a U.S. anti-missile defence system...

  • *Trump tells EU officials Germany is "very bad" on trade. President Donald Trump, who told EU officials Germany was "very bad" on trade and suggested it was selling too many cars in the United States. The exchange between the leaders came after German media reported on Friday that Trump had sharply criticised Germany in a private meeting on Thursday with European...

  • German Chancellor Angela Merkel and U.S. President Donald Trump arrive for the group photo at the G7 Taormina summit on the island of Sicily on May 26, 2017 in Taormina, Italy.

    Last year, the U.S. trade deficit with Germany totaled $64.9 billion. The auto industry drives the much of the deficit with Germany.

  • Trump may be doing serious damage to the United State's trade relationship with Germany

    Trump reportedly calls Germans ‘very bad,’ threatens to end German car sales. But analysts say the United States consumer would be the one hurt in the long run.

  • Stable gasoline prices are expected to fuel a slight increase in long trips this Memorial Day weekend. The nationwide average price for a gallon of regular on Friday was $2.37. In recent years, prices have risen 35 to 70 cents per gallon heading into Memorial Day, says Patrick DeHaan, an analyst for the price-comparison site GasBuddy.

  • FRANKFURT, May 26- German prosecutors investigating whether carmaker Daimler manipulated emission tests on its diesel cars are looking at whether auto components supplier Bosch was involved in the alleged fraud, it was confirmed on Friday. "There is an investigation into aiding and abetting fraud," a spokesman for the Stuttgart prosecutor said following a...

  • DETROIT— In 2014, Infiniti leased more than 28,000 Q50 luxury sedans for as little as $329 per month in a growing U.S. market. The leases accounted for more than three-quarters of Q50 sales. Like many companies that juiced sales with sweet leases during the past few years, Nissan's luxury brand now faces a hefty supply of nice, low-mileage used cars at a time when...

  • MEXICO CITY, May 25- Giant Motors, an automaker partially owned by Mexican billionaire Carlos Slim, is working on a prototype electric taxi to replace the gas-guzzling cabs polluting Mexico City's air, a company executive said. Over the last few years Giant Motors and Moldex have developed and sold 500 light-weight, electric cargo trucks capable of handling up...

  • Rubber hits the road on the new season Jay Leno's Garage

    Jay Leno's Garage returns with monster trucks, car chases and even a giant hot dog car. Jay Leno's Garage season premiere Wednesday, June 28 at 9P ET.

  • GM spokesman Dan Flores called the claims "baseless," and said the trucks comply with U.S. Environmental Protection Agency emissions standards and California's own tough standards. It adds to legal problems for Detroit- based GM, which has already paid about $2.5 billion in penalties and settlements over faulty ignition switches linked to 124 deaths.

  • The proposed class-action lawsuit was filed in the federal court in Detroit on behalf of people who own or lease more than 705,000 Silverado and Sierra trucks fitted with "Duramax" engines from the 2011 to 2016 model years. A spokesman for the Detroit- based automaker did not immediately respond to a request for comment. The case is Fenner et al v General Motors LLC...

  • BENGALURU/ DETROIT, May 25- Ford Motor Co on Thursday reshuffled senior management and brought back a former executive from Uber Technologies Inc, signaling its new chief executive officer will rely on tested company veterans to turn Ford around rather than outside talent. James Hackett, named CEO on Monday, has said he wants to streamline Ford's hierarchy and...

  • May 25- LAWSUIT SAYS EMISSIONS TESTING HAS REVEALED THAT SILVERADO, SIERRA MODELS' EMISSIONS ARE HIGHER THAN FEDERAL REGULATORS PERMIT LAWSUIT ACCUSES GM OF USING THREE DEFEAT DEVICES IN ITS DURAMAX DIESEL ENGINES LAWSUIT FILED BY THE HAGENS BERMAN LAW FIRM SEEKS CLASS ACTION STATUS ON BEHALF OF SILVERADO, SIERRA OWNERS FOR 2011-2016 MODEL YEARS General...

  • BENGALURU/ DETROIT, May 25- Ford Motor Co on Thursday outlined a broad reshuffling of senior management under its new chief executive officer, including a new vice president for autonomous and electric vehicles hired away from ride services power Uber. The new vice president for Ford's autonomous vehicles and electrification, Sherif Marakby, was hired away...

  • May 25- U.S. auto sales in May will edge up 0.5 percent from a year earlier, despite consumer discounts remaining at record levels, industry consultants J.D. Power and LMC Automotive said on Thursday. "While consumers will see substantial discounts this Memorial Day weekend, they are not expected to overcome the slowing demand in auto sales," said Deirdre Borrego,...

  • May 25- Ford Motor Co, which earlier this week named turnaround expert James Hackett as its chief executive officer, announced replacements for some of its key executive positions. The No.2 U.S. automaker named Steven Armstrong as the new head of Europe, Middle East and Africa and Peter Fleet as the new head of Asia Pacific and China. Armstrong is currently the...

  • The Dearborn, Michigan, automaker named a new head of global product development Thursday, as well as new heads of its operations in North America, Europe and Asia. Dave Schoch, who leads Ford's Asia Pacific operations, is retiring after 40 years with the company. He will be replaced by Peter Fleet, who previously led Ford's marketing efforts in Asia.

  • May 25- Ford Motor Co, which earlier this week named turnaround expert James Hackett as its chief executive officer, will announce replacements for some of its key executive positions as early as Thursday, the Financial Times reported, citing sources. The No.2 U.S. automaker will name Steven Armstrong as the new head of Europe, Middle East and Africa and Peter...

  • May 25- Ford Motor Co, which earlier this week named turnaround expert James Hackett as its chief executive officer, will announce replacements for some of its key executive positions as early as Thursday, the Financial Times reported, citing sources. The No.2 U.S. automaker will name Steven Armstrong as the new head of Europe, Middle East and Africa and Peter...

  • May 25- Ford Motor Co, which earlier this week named turnaround expert James Hackett as its chief executive officer, will announce replacements for some of its key executive positions as early as Thursday, the Financial Times reported, citing sources. The No.2 U.S. automaker will name Steven Armstrong as the new head of Europe, Middle East and Africa and Peter...