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Autos Automobiles and Components

  • WASHINGTON, March 15- The U.S. Environmental Protection Agency confirmed on Wednesday it would reopen a review of whether the Obama administration's 2022-2025 vehicle emission rules are feasible, a win for automakers which have urged the Trump administration to reverse a January decision to uphold the standards. The EPA said it would make a determination by...

  • DETROIT/ WASHINGTON, March 15- The Trump administration on Wednesday ordered a review of tough U.S. vehicle fuel-efficiency standards put in place by the Obama administration, handing a victory to auto industry executives and provoking criticism from Democrats and environmental groups. Republican President Donald Trump was expected to announce his...

  • FRANKFURT, March 15- Opel Chief Executive Karl-Thomas Neumann plans to remain in his job even after the carmaker has been sold to France's Peugeot, the German executive told German magazine Auto Motor und Sport. PSA has pledged to run Opel as a separate company with separate management, while exploring opportunities for expanding sales of Opel cars beyond...

  • FRANKFURT, March 15- Opel Chief Executive Karl-Thomas Neumann plans to remain in his job even after the carmaker has been sold to France's Peugeot, the German executive told German magazine Auto Motor und Sport. PSA has pledged to run Opel as a separate company with separate management, while exploring opportunities for expanding sales of Opel cars beyond...

  • WASHINGTON, March 15- President Donald Trump's plans to reassess strict U.S. vehicle fuel-efficiency standards put in place under former President Barack Obama drew criticism on Wednesday from Democrats and environmental groups who accused him of risking more carbon emissions and higher fuel costs. But the Republican president will not seek to revoke...

  • BUENOS AIRES, March 15- Argentina has reached a deal with labor unions aimed at increasing car production to one million per year by 2023, President Mauricio Macri said on Wednesday, as part of his drive to increase investment by reducing high labor costs. Auto production in Argentina hit a record 828,771 vehicles in 2011. Since then it has fallen steadily to...

  • WASHINGTON, March 15- General Motors Co plans next year to rehire 500 workers at a Michigan assembly plant who are to be laid off in May, citing increased demand for larger vehicles, the company said on Wednesday. GM said last week it planned to lay off 1,100 workers in May at its Lansing Delta Township assembly plant in Michigan. The company is moving production of...

  • BERLIN, March 15- Volkswagen said on Wednesday that prosecutors were searching offices at the carmaker's headquarters in Wolfsburg, Germany. The search of offices of Europe's biggest automotive group coincide with a raid by Munich prosecutors at Volkswagen's luxury carmaker Audi. A spokesman for VW declined to give further details.

  • BERLIN, March 15- Volkswagen said on Wednesday that prosecutors were searching offices at the carmaker's headquarters in Wolfsburg, Germany. The search of offices of Europe's biggest automotive group coincide with a raid by Munich prosecutors at Volkswagen's luxury carmaker Audi. A spokesman for VW declined to give further details.

  • BERLIN— German authorities searched the offices of luxury automaker Audi on Wednesday in connection with the scandal over cheating on diesel emissions by its parent company, Volkswagen. The raids were part of a fraud investigation into Ingolstadt-based Audi, launched by prosecutors in Munich several weeks ago. Munich prosecutors' spokesman Ken...

  • The EPA under Obama had promulgated a rule for cars and trucks requiring a fleet-wide average of 36 mpg in real-world driving by 2025.. If the EPA determines they are not appropriate, the agency will submit a new proposal next year. Trump's announcement is expected to set the stage for weaker fuel efficiency standards as well as drawn-out legal battles with...

  • WASHINGTON, March 15- President Donald Trump will announce the U.S. Environmental Protection Agency will revive a review of the feasibility of strict fuel efficiency standards through 2025, but will not seek to withdraw California's authority to set its own vehicle rules, a White House official said late on Tuesday. A White House official briefing reporters...

  • LUND, Sweden— A group of Swedish university students that raised 1.2 million euros in crowdfunding for their startup to build electric cars has caught the attention of German industrial heavyweight Siemens. The first high-end vehicle has a target price of 200,000 kronor— the price for an electric Smart Car in Sweden is at least 210,000 kronor.

  • SAN FRANCISCO, March 14- To understand Intel's $15.3 billion proposed acquisition of Israel's Mobileye, imagine the data created and compiled by a self-driving car scanning the road and objects around it as a potential source of revenue. That data, says Intel Corp Chief Executive Brian Krzanich, is the key to the deal, and may see its first tangible revenue stream...

  • *VW boss signals U-turn toward large mergers. WOLFSBURG, Germany, March 14- Volkswagen Chief Executive Matthias Mueller said he did not rule out he could hold merger talks with Fiat Chrysler boss Sergio Marchionne, in a marked change of tone by the German carmaker toward its Italian-American peer. "We are not ready for talks about anything," he had told Reuters on the...

  • WOLFSBURG, Germany, March 14- Operating profit at Volkswagen's biggest car brand fell last year, showing the challenges still facing the world's largest automaker 18 months on from its emissions scandal. The group said a dip in revenues and higher marketing costs as a result of the September 2015 admission that it cheated U.S. emissions tests on diesel engines...

  • WOLFSBURG, Germany, March 14- Operating profit at Volkswagen's biggest car brand fell last year, showing the challenges still facing the world's largest automaker 18 months on from its emissions scandal. The group said a dip in revenues and higher marketing costs as a result of the September 2015 admission that it cheated U.S. emissions tests on diesel engines...

  • FRANKFURT, Germany— The CEO of German automaker Volkswagen says the United States remains a "core market" for the company despite its diesel emissions scandal and has underlined that it hopes to expand there. Matthias Mueller made the comments Tuesday at the company's annual news and investor conference at its headquarters in Wolfsburg, Germany.

  • BEIJING, March 14- China's factory output and fixed-asset investment grew more strongly than expected in the first two months of the year, but retail sales disappointed after the government reduced a tax break on small cars. China combines January and February activity data in a bid to smooth out seasonal distortions caused by the timing of the long Lunar New...

  • Trump will visit an autonomous vehicle testing facility in a Detroit suburb on Wednesday and meet there with chief executives of several U.S. automakers. White House spokesman Sean Spicer said on Monday the trip is focused on "job creation and automobile manufacturing... highlighting the need to eliminate burdensome regulations that needlessly hinder...