Autos Automobiles and Components

  • *Audi, Mercedes-Benz, BMW stepping up Mexican production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said.

  • TORONTO, Jan 16- Canada's main stock index pulled back in morning trade on Monday, with several auto parts makers losing ground as U.S. The most influential weights on the Toronto Stock Exchange's S&P/TSX composite index included Magna International Inc, which fell 3.3 percent at C $56.86, and Linamar Corp, which lost 3.7 percent to C $55.51.

  • President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles imported to the U.S. market from Mexico, singling out luxury carmaker BMW for criticism following previous broadsides aimed at General Motors, Ford and Toyota. Mexico accounts for a fifth of all vehicle production in North America and has attracted...

  • SAO PAULO, Jan 16- The Mexican peso weakened on Monday after U.S. President-elect Donald Trump threatened to slap tariffs on German carmakers, which are stepping up production in low-cost Mexican plants. Iron ore futures in China soared as much as 8 percent to a three-year peak, lifted by stronger steel prices that continued to benefit from Beijing's campaign to...

  • *Audi, Mercedes-Benz, BMW stepping up Mexican production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said.

  • *Audi, Mercedes-Benz and BMW proceeding with Mexico production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said.

  • LONDON, Jan 16- Britain said on Monday it will carry out tests on the Jeep Grand Cherokee model following U.S. accusations carmaker Fiat Chrysler Automobiles mislead regulators on diesel car emissions. "We have instructed our Market Surveillance Unit to undertake testing on one of these vehicles at the earliest opportunity," a spokesman at the Department for...

  • BERLIN, Jan 16- German auto production in the United States could be threatened if U.S. "With respect to the German auto industry, one will have to explain to him that German companies are already producing in the United States and exporting to the whole world from there," Hardt said. Hardt said U.S. lawmakers had told him they expected the United States to remain a...

  • All three carmakers have invested heavily in factories in Mexico, where production costs are lower than the United States, with an eye to exporting smaller vehicles to the U.S. market. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said, adding that carmakers will...

  • BRUSSELS— European Union nations bracing for the looming Donald Trump presidency showed defiance Monday in the face of the president-elect's stinging comments on everything from NATO and German cars to the crumbling of the EU itself. German Foreign Minister Frank-Walter Steinmeier said the U.S. president-elect's view that NATO was obsolete and his...

  • BERLIN, Jan 15- President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market. The plant in Mexico would be an addition to existing 3 Series production facilities in Germany and China. He went on to say Germany was a great car producer,...

  • BERLIN, Jan 15- President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market. A BMW spokeswoman said a BMW Group plant in San Luis Potosi would build the BMW 3 Series starting from 2019, with the output intended for the world market.

  • President-elect Donald Trump said on Sunday that American automakers should starting assembling motor vehicles in the United States if they wanted to do business in country.

  • President-elect Donald Trump said on Sunday that American automakers should starting assembling motor vehicles in the United States if they wanted to do business in country.

  • Tighter emissions rules in China and Europe leave global carmakers and some consumers with little choice but to embrace plug-in vehicles, fuelling an investment surge, said industry executives gathered in Detroit this past week for the city's annual auto show. China, struggling with catastrophic pollution levels in major cities, is aggressively pushing...

  • DETROIT— Car companies don't just show current models at auto shows. They also unveil prototypes that could be built in the future. These are some of the concept vehicles on display at the North American International Auto Show in Detroit, which opens to the public Saturday.

  • DETROIT/ WASHINGTON, Jan 13- Japan's Takata Corp on Friday agreed to plead guilty to criminal wrongdoing and to pay $1 billion to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16 deaths worldwide. Takata will pay a $25 million fine, $125 million in a victim compensation fund, including for future...

  • On Thursday, the EPA accused Fiat Chrysler of violating the law by using hidden software to allow excess diesel emissions to go undetected in about 104,000 vehicles. The EPA said they were "illegally sold" because the software was not disclosed to regulators. UK regulators said on Friday they were urgently seeking information from the EPA over its allegation.

  • DETROIT— In a story Jan. 9 about awards presented at the Detroit auto show, The Associated Press reported erroneously the name of the Mazda vehicle that was a finalist for utility vehicle of the year. The Chevy Bolt has been named top car in North America, an important milestone for a car General Motors hopes will finally get Americans hooked on electric vehicles.

  • DETROIT— Japanese auto supplier Takata Corp. agreed to plead guilty Friday to a single U.S. criminal charge and pay $1 billion in fines and restitution related to its ongoing air bag recall. Honda has the most vehicles equipped with Takata air bags. Other brands affected are: Acura, Audi, BMW, Chevrolet, Chrysler, Daimler, Dodge, Ferrari, Fisker, Ford, GMC, Infiniti,...