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Autos Automobiles and Components

  • LONDON, June 20- Britain's thriving car industry could be permanently damaged and its supply chains crippled if the country falls out of the European Union without an interim deal, senior executives warned on Tuesday. On course for record output by 2020, Britain's automotive industry has been one of the country's great success stories in recent years,...

  • ELKHART, Indiana, June 20- While many politicians, including President Donald Trump, say the United States desperately needs more manufacturing jobs, this small industrial city has more than enough. Thats the case with Brandon Seitz. The rail-thin 32- year-old worked for 12 years on an assembly line at one of the local recreational-vehicle factories that have...

  • DETROIT— Ford Motor Co. will export vehicles from China to the U.S. for the first time starting in 2019.. Ford said Tuesday it plans to move production of its Ford Focus small car from the U.S. to China, where it already makes the Focus for Chinese buyers. Ford's president of global operations Joe Hinrichs said the move to China will save the company $1 billion,...

  • June 20- Ford Motor Co said on Tuesday it would begin production of its next-generation Focus small car in the second half of 2019 and most of the cars for the North American market would be initially sourced from China. Ford had earlier said it planned to import the new Focus from its plant in Hermosillo, Mexico. Ford also said it was investing $900 million in its...

  • ESIPOVO, Russia, June 20- Germany's Daimler began construction of a new Mercedes-Benz plant near Moscow on Tuesday, following through on the first new investment by a major foreign automaker in Russia since Western sanctions were imposed three years ago. Moscow Regional Governor Andrey Vorobyov said President Vladimir Putin had personally signed off on the...

  • LONDON, June 20- Japanese carmaker Honda called on British politicians to keep the benefits of the European customs union and single market in negotiating a European Union exit, but said it remained to be seen whether they were listening. The firm said it was engaged in discussions with Prime Minister Theresa May's government, which lost its majority in a...

  • June 19- Tesla Inc is close to an agreement to produce its electric cars in China for the first time and gain better access to the world's largest auto market, Bloomberg reported, citing people familiar with the matter. The electric carmaker, whose revenue from China tripled to more than $1 billion last year, would need to set up a joint venture with at least one local...

  • MINNEAPOLIS— Polaris Industries is recalling up to 35,000 all-terrain vehicles in Australia, Europe and New Zealand because they may have violated bans on asbestos use in those countries. Polaris announced the recall in Australia of a dozen different ATV models sold since Dec. 31, 2003 on Monday. The details of recalls in New Zealand and Europe are still being...

  • WASHINGTON, June 19- A federal judge in San Francisco on Monday named lawyer Elizabeth Cabraser to lead the case brought against Fiat Chrysler Automobiles NV by owners over allegations it bypassed diesel emission controls. Fiat Chrysler's lead lawyer is Robert Giuffra of law firm Sullivan& Cromwell LLP, who also represented Volkswagen.

  • June 19- India's Tata Motors Ltd said on Monday it had no plans to list its luxury British car brand Jaguar Land Rover after Bloomberg reported that the automaker was considering an initial public offering of the unit. "There are no plans to list Jaguar Land Rover," a Tata spokesman told Reuters. "There is no truth in those rumours."

  • SAN FRANCISCO, June 19- Canadian auto supplier Magna International Inc will produce BMW's new 5- series plug-in hybrid at its Austrian factory, the company said on Monday, part of a strategy to produce electric cars on a contract basis for global automakers. The BMW 530 plug-in hybrid will be manufactured beginning this summer at Magna's plant in Graz, Austria,...

  • LONDON, June 18- Britain's biggest carmaker Jaguar Land Rover will hire 5,000 staff as it boosts its skills in autonomous and electric technology, a welcome business endorsement as Prime Minister Theresa May starts Brexit talks after a botched election. The recruitment process will take place over the next 12 months, during Britain's talks to leave the...

  • TOKYO, June 19- While major automakers race to develop driverless cars, Subaru is taking a slower approach, saying its vehicles may be less advanced than its rivals' by 2020 as autonomous features remain costly for the buyers of Japan's smallest carmaker. Automakers such as Ford Motor Co, General Motors Co and Nissan Motor Co are increasingly looking beyond...

  • LONDON, June 17- Britain's biggest carmaker Jaguar Land Rover is drawing up plans to hire an extra 5,000 engineers and technical staff in the next year, the Sunday Telegraph reported, in a boost to the government as it embarks on the Brexit negotiations. The government has sought to promote Britain as a hub for innovation in electric cars after the country voted to...

  • VENICE, Italy, June 16- Fiat Chrysler Automobiles does not expect its diesel problems in the United States to have an impact on its short-term business targets to 2018, Chief Executive Sergio Marchionne said on Friday. The U.S. Justice Department sued FCA last month, accusing the Italian-American automaker of illegally using software to bypass emission...

  • June 16- U.S. automaker General Motors Co said on Friday it plans to open a manufacturing facility for its suppliers at its Arlington assembly plant in Texas, adding more than 850 new jobs. The new jobs are in addition to the 7,000 jobs and $1 billion in U.S. investments the company announced earlier this year. GM estimated nearly 600 of the new jobs created in these...

  • VENICE, Italy, June 16- Fiat Chrysler Automobiles does not expect its diesel problems in the United States to have an impact on its short-term business targets, the carmaker's Chief Executive Sergio Marchionne said on Friday. The U.S. Justice Department sued FCA last month, accusing the Italian-American automaker of illegally using software to bypass...

  • *Taxify will soon test model in London, Uber's biggest market. TALLINN, June 16- The key to success for ride sharers is keeping drivers happy so they run the app ensuring enough cars to meet passenger demand. Estonia upstart Taxify is hoping to win over drivers and take on giant Uber by offering a larger share of the profit.

  • A car equiped with an intelligent parking solution system, the Cyber Valet Services developed by Cisco and Valeo, is pictured at the Viva Technology event, on June 15, 2017 in Paris.

    Carmakers and technology firms should both be held accountable in the event a driverless car crashes into someone, the CEO of Valeo told CNBC on Thursday.

  • MILAN, June 16- European car sales rose 7.7 percent in May from the same month a year ago, industry data showed on Friday, returning to growth after a dip in April and with nearly all auto manufacturers recording sales increases. New passenger car registrations in the European Union and European Free Trade Association increased to 1.43 million vehicles last...