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Autos Automobiles and Components

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  • Is the UK auto market under performing?

    Philippe Houchois, head of European autos research at UBS, talks about Europe's auto market and the demand for new cars.

  • DETROIT, Aug 4- General Motors Co said on Tuesday it will spend $877 million to overhaul its pickup truck factory in Flint, Michigan, capping a series of investments to keep production of profitable large pickups and sport utility vehicles rolling through a significant model change expected in 2018.. The Flint investment is part of a plan to expand three U.S....

  • Aug 4- Harman International Industries Inc, the maker of JBL and Harman Kardon audio systems, reported quarterly revenue and profit that beat market expectations, helped by strong sales to automakers as well as to audio professionals and consumers. The professional unit, which makes loudspeakers, headphones and mixing consoles, competes with Japan's Yamaha...

  • *BMW says change to outlook cannot be ruled out. FRANKFURT, Aug 4- BMW, the world's biggest luxury carmaker, warned on Tuesday that its financial forecasts for this year could be at risk from any further deterioration in the Chinese market, where its sales have begun to fall for the first time in a decade. Second-quarter sales of BMW, Mini and Rolls-Royce vehicles...

  • AutoNation CEO: Stampede to trucks continues

    Mike Jackson, AutoNation CEO, provides an outlook on autos and the impact of low oil and low rates on the industry.

  • Strong auto sales boost GDP outlook

    CNBC's Steve Liesman reports on the impact of strong car sales on the U.S. economy.

  • *China price wars sapping profit from rising sales. TOKYO, Aug 4- Toyota Motor Corp said it "can't be optimistic" about profitability in China, the world's biggest auto market, where slowing growth is forcing the Japanese manufacturer to cut prices and offer buying incentives to keep up with rivals. Toyota, which on Tuesday reported record first-quarter net profit...

  • Toyota posts record Q1 profit

    CNBC's Kaori Enjoji takes a look at Toyota's quarterly results.

  • *BMW says change to outlook cannot be ruled out. FRANKFURT, Aug 4- BMW, the world's biggest luxury carmaker, warned on Tuesday that its outlook could be at risk from any further deterioration in the Chinese market, where its sales have begun to fall for the first time in a decade. The German company, which had already said in May that growth in China would be "less dynamic,"...

  • *BMW down as earnings momentum slows. LONDON, Aug 4- European stock markets lost ground on Tuesday, with French bank Credit Agricole and German carmaker BMW among the worst performers after reporting results, while weak oil prices also weighed on energy stocks. Falls in Credit Agricole and BMW contributed to the French and German markets slipping back on Tuesday.

  • LONDON, Aug 4- European stock markets lost ground on Tuesday, with French bank Credit Agricole and German carmaker BMW among the worst performers after reporting results, while weak oil prices also weighed on energy stocks. Credit Agricole slumped 8 percent after it booked an additional 350 million euros in litigation provisions while posting second quarter...

  • TOKYO, Aug 4- Toyota Motor Corp posted a third straight year of record first-quarter net profit on Tuesday, easily beating analyst estimates, as costs cuts and currency gains made up for slightly weaker vehicle sales. April-June profit jumped 10 percent to 646.39 billion yen versus the 607.5 billion yen average estimate of 11 analysts polled by Thomson Reuters.

  • Toyota Motor Corp. had a fiscal first quarter profit of 646.3 billion yen, up from $587.7 billion a year earlier. But it sold about 127,000 fewer vehicles compared to last year, at 2.1 million vehicles during the quarter, as sales languished in Japan, other parts of Asia, and Europe. The manufacturer of the Prius hybrid, Lexus luxury model and Camry sedan was hit by a...

  • FRANKFURT, Germany— German luxury automaker BMW saw net profit slip 1 percent in the second quarter amid higher costs to bring out new vehicles and a tougher market in China, a major pillar of its profits. Munich- based BMW AG also said it sold a less profitable product mix containing more compact cars, which typically earn less per vehicle. BMW faces tough...

  • TOKYO, Aug 4- Toyota Motor Corp posted a 10 percent rise in first-quarter net profit on Tuesday, beating analyst estimates, as costs cuts and currency gains made up for weaker global vehicle sales. April-June profit reached 646.39 billion yen versus the 607.5 billion yen average estimate of 11 analysts polled by Thomson Reuters. The Japanese automaker left its...

  • Are US auto sales peaking soon? Not at all: Pro

    Richard Hilgert, senior equity analyst at Morningstar, explains why he doesn't agree that auto sales in the U.S. are nearing saturation point.

  • Toyota's priority is profitability, not volume: Pro

    Koji Endo, managing director at Advanced Research Japan, outlines his expectations for Toyota Motors' first-quarter results.

  • Gas prices fuel US big-vehicle sales: Analyst

    Efraim Levy, senior equity analyst at S&P Capital IQ Equity Research, says factors such as lower gasoline prices are encouraging consumers to buy bigger vehicles.

  • US auto sales had a 'fantastic July': Expert

    John Humphrey, senior vice president of global automotive operations at J.D. Power and Associates, attributes the upbeat sales figures to factors such as cheaper gasoline and low interest rates.

  • Good sales, bad stocks 22 Hours Ago
    Good sales, bad stocks

    CNBC's Phil LeBeau reports on the auto industry as auto sales soar and auto stocks stall.