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  • DEARBORN, Mich., Jan 28- Ford Motor Co said on Thursday fourth-quarter results beat Wall Street expectations, and it reiterated a forecast that 2016 pretax profit would be equal to or higher than last year. Excluding one-time items, Ford earned 58 cents a share in the fourth quarter, versus Wall Street expectations of 51 cents, according to Thomson Reuters I/B/E/S.

  • Ford Motor quarterly profit beats Street expectations Thursday, 28 Jan 2016 | 7:04 AM ET

    DEARBORN, Mich., Jan 28- Ford Motor Co said Thursday that its fourth-quarter results beat Wall Street expectations, and it maintained a 2016 pretax profit forecast equal to or higher than last year. The automaker earned most of its money in the quarter in North America, where falling gasoline prices have spurred demand for large pickups, including the Ford F-150.

  • Study finds automatic braking cuts rear-end crash risk Thursday, 28 Jan 2016 | 12:05 AM ET

    DETROIT— Vehicles equipped with automatic braking or front-collision warning are less likely to cause a rear-end crash, according to a study released Thursday by the insurance indu33stry. The Insurance Institute for Highway Safety says automatic braking— which can bring the car to a stop if it senses an imminent collision— can reduce rear-end crashes by 40...

  • DETROIT, Jan 27- Fiat Chrysler Automobiles will shut its Sterling Heights, Michigan plant, which makes the midsize Chrysler 200 sedan, for six weeks starting on Monday, the company said on Wednesday. In 2015, passenger cars accounted for 40 percent of sales in the U.S. automotive market, down from 44 percent in 2014 and 51 percent in 2012, according to industry...

  • Fiat Chrysler bets on SUV craze, sees Jeep sales soaring Wednesday, 27 Jan 2016 | 11:32 AM ET

    DETROIT— Fiat Chrysler says the worldwide SUV craze is here to stay, and it's leaning heavily on the Jeep brand to improve its fortunes. Fiat Chrysler reported 2015 net profit of 377 million euros, down from 632 million euros a year earlier and lagging analyst expectations. Fourth-quarter net profit fell 40 percent to 251 million euros.

  • *Raised targets reflect better US, Europe. MILAN, Jan 27- Fiat Chrysler Automobiles raised the financial targets of its turnaround plan on Wednesday following a better-than-expected performance in North America and Europe and strong sales of its Jeep SUVs. However, the world's seventh-largest carmaker reduced its profit margin forecast for Latin America...

  • Another death reported in crash involving Takata air bags Wednesday, 27 Jan 2016 | 10:46 AM ET

    The driver of a 2007 Honda Civic died last year in India, according to Takata documents posted Wednesday by the U.S. National Highway Traffic Safety Administration. An inflator exploded in the crash, spraying metal fragments, but authorities in India have not determined the cause of death, according to the documents. On Wednesday, Takata filed paperwork...

  • Takata recalls air bag inflators in 5.1M US vehicles Wednesday, 27 Jan 2016 | 8:46 AM ET
    A deployed airbag is seen in a 2001 Honda Accord at the LKQ Pick Your Part salvage yard on May 22, 2015 in Medley, Florida. The largest automotive recall in history centers around the defective Takata Corp. air bags that are found in millions of vehicles that are manufactured by BMW, Chrysler, Daimler Trucks, Ford, General Motors, Honda, Mazda, Mitsubishi, Nissan, Subaru and Toyota. (

    Regulators said Takata declared 5.1 million U.S. vehicles defective. The company disclosed an 11th death could be linked to a faulty airbag.

  • The sales figure compared with 2015 sales of 9.93 million vehicles for Volkswagen AG and 9.8 million for General Motors. Volkswagen AG, which overtook Toyota in sales in the first half of the year, suffered in the second half from an emissions cheating scandal involving diesel cars. Auto sales in major markets such as the U.S. and Japan have slowed, while emerging...

  • That could greatly increase the total number of vehicles recalled, which in the United States now stands at about 24 million vehicles involving about 28 million Takata air bag inflators. A similar airbag inflator was involved in a fatal rupture of a Honda model in Malaysia in 2014, which prompted a worldwide recall by Honda Motor Co.. Takata said in a document...

  • Joel Knight, 52, of Kershaw died when he was struck in the neck by metal shrapnel after his 2006 Ranger hit a cow in the road and struck a fence. The government says automakers will recall another 5 million vehicles equipped with faulty inflators made by Takata Corp. of Japan. The National Highway Traffic Safety Administration says the number of recalls is likely...

  • FLINT, Mich.— Walmart and several global beverage-makers have pledged to deliver about 175 truckloads of bottled water to Flint as the Michigan city deals with a public health emergency caused by lead-tainted water. Walmart says that since July, it has donated 14 truckloads of water and nearly 1,800 water filters. Flint switched from Detroit's municipal water...

  • But big-name, national plaintiffs' firms have yet to jump into the fray in Flint, which has a population of about 100,000.. What's holding them back, several lawyers said, is not the facts or the victims, but the prospective targets: The State of Michigan, the city of Flint, and officials at various levels of government. Those suits were filed against the state, city, and...

  • DETROIT— Ford Motor Co. is pulling out of Japan and Indonesia, saying that market conditions in each country have made it difficult to grow sales or make sustained profits. "Japan is the most closed, developed auto economy in the world, with all imported brands accounting for less than 6% of Japan's annual new car market," spokesman Neal McCarthy wrote in an email...

  • *Japan, Indonesia staff to leave Ford- email. *Automaker employs 292 staff in Japan, 35 in Indonesia. BEIJING/ TOKYO, Jan 25- Ford Motor Co said on Monday it will close all operations in Japan and Indonesia this year as it sees "no reasonable path to profitability" in the two countries where it has struggled to gain market share.

  • *Japan, Indonesia staff to leave Ford- email. *Automaker employs 292 staff in Japan, 35 in Indonesia. BEIJING/ TOKYO, Jan 25- Automaker Ford Motor Co said on Monday it will close all operations in Japan and Indonesia this year as it sees "no reasonable path to profitability" in the two countries where it has struggled to gain market share.

  • But the 64- year-old budget expert was in charge of Flint's city government and the Detroit schools at key points in their recent turmoil, and that has made him a focal point of anger about Gov. Earley, who had a 40- year career in public administration in Michigan, was one of seven outside controllers appointed in the last five years to fix foundering cities or...

  • Cabraser would also lead the Plaintiffs' Steering Committee to hear cases pertaining to Volkswagen's usage of software to evade emissions limits, the U.S. District Court for the Northern District Of California said. Earlier in December, Volkswagen and the U.S. Department of Justice had both urged the U.S. Judicial Panel on multi-district litigation to send...

  • WASHINGTON, Jan 21- Sales of electric vehicles in the United States may not top one million until 2020, Energy Secretary Ernest Moniz said Thursday, showing purchases have fallen well below President Barack Obama's goal of reaching that number by 2015.. In August 2008, with gas prices averaging nearly $4 a gallon, then presidential candidate Barack Obama set a...

  • DETROIT, Jan 20- President Barack Obama, facing Republican criticism over the state of the economy, did a Detroit victory lap on Wednesday to showcase the auto companies his administration helped save, but the industry has not turned out the way he hoped in 2009.. "The auto industry here in the United States has figured out that we can make more fuel-efficient cars...