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Autos Automobiles and Components

  • STOCKHOLM, April 28- Geely-owned automaker Volvo Car Group reported a rise in first quarter operating profit on Friday as strong demand for its XC60 and 90 series cars gave it a boost, and stuck to a forecast of higher sales this year. Volvo, bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010, said earnings rose to 3.5 billion Swedish...

  • Tokyo- based Honda, which makes the Accord sedan, Odyssey minivan and Asimo robot, said an unfavorable exchange rate and research spending that chipped away at profits were offset by lower recall expenses and cost cuts. Honda is the biggest customer of Japanese air-bag maker Takata Corp., which is recalling millions of defective air-bags whose inflators can...

  • Intel employees walk by a sign as they enter their office in Santa Clara, California.

    Intel is expected to report first-quarter earnings after the bell Thursday.

  • DETROIT— Toyota is recalling about 250,000 small pickup trucks mainly in North America because the rear wheels have the potential to lock up, causing drivers to lose control. The recall covers certain Tacoma trucks from the 2016 and 2017 model years. Toyota says oil can leak from the rear differential.

  • PARIS, April 27- Renault's revenue surged by a quarter in the first three months of 2017, the French carmaker said on Thursday, as new models boosted deliveries and pricing, while production increased for industrial partners including Nissan. Quarterly revenue rose to 13.13 billion euros from 10.49 billion a year earlier, also lifted by the consolidation of...

  • DETROIT, April 27- Ford Motor Co reported a lower quarterly net profit on Thursday but beat analyst expectations amid higher commodity, engineering and recall costs, and a drop in vehicle sales. Ford shares were down slightly at $11.54 in early trade. Chief Financial Officer Bob Shanks told reporters at the company's headquarters in Dearborn, Michigan, that...

  • LONDON— European automakers and suppliers are warning about the damage that Britain's departure from the European Union could mean to the industry. The comments come just days before the European Union will hold a summit with the other 27 EU nations to agree on guidelines for talks on the exit, or Brexit. The lobbyists say 90 percent of commercial vehicles built...

  • VAN BUREN TOWNSHIP, Mich. _ Visteon Corp. on Thursday reported first-quarter profit of $63 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share. Six analysts surveyed by Zacks expected $807.9 million.

  • AUBURN HILLS, Mich. _ BorgWarner Inc. on Thursday reported first-quarter profit of $189.2 million. BorgWarner expects full-year earnings to be $3.50 to $3.60 per share, with revenue in the range of $8.81 billion to $9.04 billion. BorgWarner shares have climbed 4 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed roughly 7...

  • SEOUL, South Korea— Kia Motors Co. plans to invest $1.1 billion in India to build its first plant in the world's fifth-largest auto market. Kia and its larger affiliate Hyundai Motor Group are the world's fifth-largest auto company. Hyundai makes 650,000 vehicles in India a year, but without its own production line, Kia could not enter the market due to steep...

  • TOKYO, April 27- Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its liabilities. The Nikkei business daily reported Chinese-owned car parts maker Key Safety Systems, the...

  • TOKYO, April 27- Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its liabilities. The Nikkei business daily reported Chinese-owned car parts maker Key Safety Systems, the...

  • TOKYO, April 27- Trading in shares of Japan's Takata Corp was suspended on Thursday after a newspaper report that the embattled auto parts maker was considering filing for bankruptcy protection, selling all operations to a newly created company. The Nikkei business daily said the plan would call for U.S.-based Key Safety Systems, a unit of China's Ningbo...

  • TOKYO, April 27- Trading in shares of Japan's Takata Corp was suspended on Thursday after a newspaper report that the embattled auto parts maker was considering filing for bankruptcy protection, selling all operations to a newly created company. The Nikkei business daily said the plan would call for U.S.-based Key Safety Systems, a unit of China's Ningbo...

  • Car production has been one of the strongest areas of British manufacturing in recent years, bolstered by heavy foreign investment and a recovery in global markets, but the industry fears a hit when Britain leaves the European Union. More than three quarters of cars produced in Britain are exported, and overseas demand grew 7.6 percent in the first three months...

  • *Tesla says Klaus Grohmann has departed Tesla Grohmann Automation. PRUEM, Germany, April 26- Luxury electric carmaker Tesla offered pay rises and job guarantees to defuse labour tensions at a key German supplier, whose founder and chief executive left the company late last month, German labour officials said on Wednesday. Klaus Grohmann, former head of Grohmann...

  • SAN FRANCISCO, April 26- European ride service Gett has bought U.S. rival Juno for $200 million in a deal that further consolidated the ride-hailing industry and that some said short-changed Juno drivers. Gett, an on-demand ride service that is a partner of automaker Volkswagen, said on Wednesday it had bought New York- based startup Juno. Juno operates only in New...

  • MILAN/ DETROIT, April 26- Fiat Chrysler Automobiles may seek more supplier partners to help it develop and build self-driving vehicles, Chief Executive Officer Sergio Marchionne said on Wednesday. The automaker reported an 11 percent jump in first-quarter operating profit, boosted by strong sales in North America, its most profitable market.

  • About $800 million of the total will be spent in California as part of a settlement with the government after the German automaker admitted to secretly installing cheating software in 580,000 diesel vehicles allowing them to emit excess pollution. Also, Toyota Motor Corp, Honda Motor Co and Hyundai Motor Co wrote a joint letter urging California to require...

  • John Elkann, chairman of Fiat SpA, center left, and Sergio Marchionne, chief executive officer of Fiat SpA and Chrysler Group LLC, center right, look at the new Jeep Renegade SUV automobile, produced by Chrysler Group LLC, as it stands on display at the company's stand on the opening day of the 84th Geneva International Motor Show in Geneva, Switzerland.

    Fiat Chrysler CEO Sergio Marchionne said the Jeep and Ram brands are strong enough to exist independently.