Autos Automobiles and Components

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  • *Toyota to end Scion brand, re-badge as Toyota cars. *Partly victim of millennials changing car buying habits. TOKYO, Feb 10- When Toyota Motor looked to the future at the turn of the millennium and aimed its new, edgy Scion small-car brand at twenty-somethings, it could not have guessed that the model would be dead after just 12 years.

  • Feb 9- General Motors Co said Tuesday it is recalling 473,000 pickups and SUVs in North America because brake pedals could fail due to a faulty nut. The Detroit automaker is calling back 426,573 2015-16 Chevrolet Silverado HD, GMC Sierra HD, and Chevrolet Tahoe police vehicles in the United States and 46,837 in Canada. GM says the brake pedal pivot nut may become...

  • WASHINGTON/ FRANKFURT, Feb 9- German automaker Daimler said on Tuesday it would recall 840,000 U.S. vehicles with Takata airbag inflators that could be defective, a step that would result in a charge of 340 million euros. Daimler said it had decided to recall approximately 705,000 Mercedes-Benz cars and about 136,000 Daimler vans. Takata said other automakers...

  • DETROIT— Toyota's youth-oriented Scion brand is recalling about 28,000 FR-S sports cars in North America because drivers can take the keys out of the ignition without the car being in park. The recall covers cars with automatic transmissions from the 2013 through 2016 model years. Toyota says in some cases, the mechanism that holds the key until the ignition...

  • BERLIN, Feb 9- German environmental lobby group DUH stepped up its campaign against auto industry pollution on Tuesday, accusing Fiat Chrysler Automobiles' 500 X compact sport-utility vehicle of releasing excessive levels of toxic diesel emissions. DUH has already accused General Motors' Opel division, Renault and Daimler's Mercedes-Benz brand of...

  • BERLIN, Feb 9- German environmental lobby group DUH stepped up its campaign against auto industry pollution on Tuesday, accusing Fiat Chrysler Automobiles' 500 X compact sport-utility vehicle of releasing excessive levels of toxic diesel emissions. DUH has already accused General Motors' Opel division, Renault and Daimler's Mercedes-Benz brand of...

  • Subprime auto loans, delinquencies up: Experian Tuesday, 9 Feb 2016 | 8:30 AM ET
    Calculator and car keys close-up

    A study says the percentage of car loans made to buyers with the poorest credit ratings is growing faster than the rest of the auto finance market.

  • Now it is Tesla's turn to confront the bears Monday, 8 Feb 2016 | 6:24 PM ET

    The Silicon Valley electric luxury car maker reports results on Wednesday after the close of Wall Street markets. One person not selling is Chief Executive Elon Musk, who exercised options worth about $100 million on Jan. 27 and held the shares. Uncertainty about Tesla's prospects revolves around some short-term concerns and a broader long-term threat from...

  • BERLIN, Feb 8- Volkswagen's former head of group quality control Frank Tuch has left the carmaker as chief executive Matthias Mueller overhauls senior management positions following the emissions test-rigging scandal. Volkswagen said on Monday that Tuch quit the company at his own request "to take on new responsibilities elsewhere". Tuch was appointed as...

  • DETROIT— Electronic gear shifters on some newer Fiat Chrysler SUVs and cars are so confusing that drivers have exited the vehicles with the engines running and while they are still in gear, causing crashes and serious injuries, U.S. safety investigators have determined. The National Highway Traffic Safety Administration, in documents posted during the...

  • Report: Ford to build auto plant in Mexico Sunday, 7 Feb 2016 | 6:26 PM ET

    NEW YORK— Published reports are saying that Ford plans to build a new auto plant in Mexico, with plans to rev up production there. According to The Wall Street Journal, Ford plans to build a new assembly complex in San Luis Potosi and expand an existing facility near Mexico City. The move reflects how Mexico has become an attractive place for global carmakers.

  • FRANKFURT, Feb 7- Volkswagen will offer generous compensation packages to the roughly 600,000 U.S. owners of diesel vehicles whose emissions are over the legal limit, the head of its claims fund told a German paper. The German car maker has still not decided whether vehicle owners will be offered cash, car buy-backs, repairs or replacement cars, Kenneth Feinberg...

  • Feb 7- Honda Motor Co's order that its U.S. dealers stop selling some 2.2 million of the automakers' most popular models is compounding financial and regulatory headaches for car dealers stuck with millions of vehicles that have potentially hazardous air bags or other safety defects. The National Highway Traffic Safety Administration says this difference...

  • FRANKFURT, Feb 7- Volkswagen will offer generous compensation packages for the roughly 600,000 U.S. owners of diesel vehicles that emit an illegal amount of emissions, the head of its claims fund told a German paper. Volkswagen in December asked Feinberg-- who earlier headed the compensation funds for the Sept. 11, 2001 attacks, the BP Deepwater Horizon oil spill...

  • Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win...

  • New Jersey sues VW over excess diesel emissions Friday, 5 Feb 2016 | 4:14 PM ET

    Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the third U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win approval...

  • *UAW chief sees shift toward utility vehicles, trucks enduring. DETROIT, Feb 5- The head of the United Auto Workers said on Friday he has asked Fiat Chrysler Chief Executive Sergio Marchionne for a meeting to discuss the company's plan to stop making two low-profit car models. UAW President Dennis Williams said at a press conference at the union's Detroit...

  • BERLIN, Feb 5- Volkswagen has postponed publication of its financial results for 2015 and delayed its annual shareholders' meeting as the German carmaker struggles to put an exact price on its diesel emissions scandal. More than four months after the scandal broke in the United States, Europe's leading carmaker is still to come up with a technical fix for almost...

  • BERLIN, Feb 5- German carmaker Volkswagen said it would push back publication of 2015 results and its annual shareholders' meeting as it continues to grapple with effects of its emissions test-rigging scandal. More than four months after the scandal broke in the United States, Volkswagen still lacks a technical solution for almost 600,000 diesel cars and is...

  • The German carmaker said Friday it would give new dates for the earnings release, formerly slated for March 10, and for its shareholder gathering originally set for April 21. The U.S. Environmental Protection Agency is suing the company in federal court over what it says were 600,000 such vehicles. U.S. law firm Jones Day is conducting an investigation into who...