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Autos Automobiles and Components

  • NEW YORK, May 22- Ford Motor Co's unexpected decision to replace its chief executive officer on Monday may not be the catalyst that revives its slumping share prices. Shares of the second-largest U.S. automaker rose 2.1 percent Monday, a relatively muted reaction given the 0.5 percent gain in the broad Standard& Poor's 500 index. There's just nothing out there...

  • MEXICO CITY, May 22- The auto industries of the United States, Canada and Mexico agree there should be no changes to rules of origin in the North American Free Trade Agreement, the president of the Mexican automakers' association said on Monday. Under the trade deal between the United States, Mexico and Canada, rules of origin stipulate that products must meet...

  • DENVER— An energy company will build a pipeline to transport crude oil from a huge well complex inside a Colorado city before production starts, officials said Monday, easing the anxiety of nearby residents who feared noisy trucks would haul away the petroleum around the clock. Extraction Oil& Gas spokesman Brian Cain said the company always planned to build a...

  • 19-year-old Max Verstappen breaks Zandvoort lap record in a demo run

    Max Verstappen, one of the rising stars in racing, just unofficially broke the record for fastest lap at Netherlands' Circuit Park Zandvoort race track.

  • Ford Motor Co. announced Monday that President and CEO Mark Fields was retiring from the company and will be replaced by Ford board member Jim Hackett. July 1, 2014: Ford President and CEO Alan Mulally retires. Mark Fields, who has been Ford's chief operating officer since 2012, becomes president and CEO.

  • WASHINGTON/ DEARBORN, Mich., May 22- Ford Motor Co abruptly named James Hackett as chief executive on Monday, responding to investors' growing unease about the U.S. automaker's slumping stock price and its ability to counter threats from longtime rivals and Silicon Valley. Ford Chairman Bill Ford Jr., whose family effectively controls the U.S.

  • *IEA to review oil demand due to India, China EV policy. ZUG, Switzerland, May 22- OPEC nations that deliver some of the lowest cost production will be relatively insulated from an early peak in oil demand caused by any faster-than-expected roll-out of electric vehicles, Glencore's chairman said on Monday. Members of the Organization of the Petroleum Exporting...

  • WASHINGTON/ DEARBORN, Mich., May 22- Ford Motor Co abruptly named James Hackett as chief executive on Monday, responding to investors' growing unease about the U.S. automaker's slumping stock price and its ability to counter threats from longtime rivals and Silicon Valley. Ford, once the most financially secure of the' Big Three' Detroit automakers, and the only one...

  • NEW YORK, May 22- Toyota Research Institute, a wholly owned unit of Toyota Motor North America, said on Monday it has teamed up with MIT Media lab and five other companies to explore blockchain technology for the development of driverless cars. "Hundreds of billions of miles of human driving data may be needed to develop safe and reliable autonomous vehicles," said...

  • Industrialist Henry Ford founded the Ford Motor company in 1903. A titan of industry, Henry Ford was the first to adapt assembly line techniques to the auto industry with the Model T, and for the first time brought car ownership into the realm of possibilities for middle-class Americans. Edsel Ford unexpectedly died in 1943, at the height of World War II, forcing...

  • DETROIT— The U.S. government is investigating whether Hyundai and Kia moved quickly enough to recall more than 1.6 million cars and SUVs because the engines can stall, increasing the risk of a crash. Hyundai recalled about 470,000 vehicles in September of 2015 because debris from manufacturing can restrict oil flow to connecting rod bearings.

  • WASHINGTON/ DEARBORN, Mich., May 22- Ford Motor Co on Monday named James Hackett, who heads its unit developing self-driving cars, as chief executive officer, responding to investors' growing unease about the U.S. automaker's stock price and prospects. He replaces Mark Fields, 56, who spent less than three years as CEO. Executive Chairman Bill Ford Jr. and the board...

  • KAMENZ, Germany, May 22- Germany and its auto industry must invest heavily to ensure it is not left behind by the shift to electric cars, Chancellor Angela Merkel said on Monday as she laid a foundation stone for a new battery factory for Daimler unit Accumotive. While Germany's automakers are ramping up production of electric cars, most batteries they use are made...

  • KAMENZ, Germany, May 22- Germany and its auto industry must invest heavily to ensure it is not left behind by the shift to electric cars, Chancellor Angela Merkel said on Monday as she laid a foundation stone for a new battery factory for Daimler unit Accumotive. While Germany's automakers are ramping up production of electric cars, most batteries they use are made...

  • KAMENZ, Germany, May 22- Germany and its auto industry must invest heavily to ensure it is not left behind by the shift to electric cars, Chancellor Angela Merkel said on Monday as she laid a foundation stone for a new battery factory for Daimler unit Accumotive. While Germany's automakers are ramping up production of electric cars, most batteries they use are made...

  • KAMENZ, Germany, May 22- Germany and its auto industry must invest heavily to ensure it is not left behind by the shift to electric cars, Chancellor Angela Merkel said on Monday as she laid a foundation stone for a new battery factory for Daimler unit Accumotive. While Germany's automakers are ramping up production of electric cars, most batteries they use are made...

  • WASHINGTON/ PARIS, May 22- Ford Motor Co is replacing Chief Executive Officer Mark Fields with James Hackett, the head of the unit developing self-driving cars, the U.S. automaker said on Monday, responding to investors' growing unease over its stock price and prospects. Executive Chairman Bill Ford Jr. and the board have been unhappy with the company's...

  • WASHINGTON/ PARIS, May 22- Ford Motor Co on Monday said it was replacing replace Chief Executive Officer Mark Fields with James Hackett, the head of the unit developing self-driving cars, in response to investors' growing unease over the U.S. carmaker's stock performance and prospects. Hackett, 62, a former CEO of furniture manufacturer Steeelcase Inc, will take...

  • WASHINGTON, May 22- Ford Motor Co confirmed Monday it is ousting its chief executive Mark Fields and replacing him with the head of the company's unit overseeing self-driving car efforts. Jim Hackett, 62, a former chief executive of Steelcase Inc who is chairman of Ford Smart Mobility LLC, will take over at the No. 2 U.S. automaker, the company confirmed.

  • PARIS/ DETROIT, May 22- Ford Motor Co is expected to announce the departure of Chief Executive Mark Fields in a broad management shake-up, a company source said- a move that reflects growing investor unease over the company's stock market performance and outlook. Forbes and the New York Times reported that James Hackett, 62 and chairman of the Ford unit that works...