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Automobiles and Components

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  • DETROIT, Oct 16- A fatal accident near Los Angeles last year of a 2002 Acura sedan involved a Takata Corp air bag, the third death in the United States linked to a defective safety component made by the Japanese supplier, according to local officials and the automaker. Xu was driving a green 2002 Acura TL sedan, a model with Takata air bags, a Honda spokesman said on...

  • Third traffic death in U.S. linked to Takata air bags Thursday, 16 Oct 2014 | 4:02 PM ET

    DETROIT, Oct 16- A fatal accident near Los Angeles last year of a 2002 Acura sedan involved a Takata Corp air bag, the third death in the United States linked to a defective safety component made by the Japanese supplier, according to local officials and the automaker. U.S. safety regulators at the National Highway Traffic Safety Administration are investigating...

  • DETROIT, Oct 16- Chrysler Group on Thursday announced two global recalls of more than 900,000 cars and SUVs combined for problems that could cause fires. Chrysler, a unit of Fiat Chrysler Automobiles, is recalling about 470,000 cars and SUVs globally from model years 2011 through 2014 and equipped with a 3.6 liter engine and a 160 amp alternator, according to the...

  • Chrysler recalling nearly 907,000 cars, SUVs Thursday, 16 Oct 2014 | 7:51 AM ET

    DETROIT— Nearly 907,000 Chrysler, Dodge and Jeep SUVs and cars are being recalled for alternators that can fail and heated power mirror wiring that can short and cause minor fires. The recalls, posted Thursday by U.S. safety regulators, push the total number of recalls so far this year 544, totaling a record of more than 52 million vehicles. It can even cause fire or...

  • SHANGHAI, Oct 16- China said on Thursday it would punish carmakers by restricting their production and publicly naming them if they fail to meet fuel consumption requirements on passenger vehicles set for 2015.. China's fuel economy rules, as stringent as those to be enforced in the United States, Europe and Japan, involve a fleet-wide corporate average target...

  • Winnebago beats Street 4Q forecasts Thursday, 16 Oct 2014 | 7:21 AM ET

    FOREST CITY, Iowa _ Winnebago Industries Inc. on Thursday reported earnings of $12.9 million in its fiscal fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. Analysts expected $243.7 million, according to Zacks.

  • US auto sales expected to hit record high in 2015 Wednesday, 15 Oct 2014 | 8:15 PM ET
    Shoppers at the Toyota of Deerfield dealership, Deerfield Beach, Fla.

    J.D. Power and Associates says that sales of new cars and trucks at U.S. auto dealerships will climb to 13.83 million in 2015.

  • Toyota recalls Lexuses in US for fuel leak risk Wednesday, 15 Oct 2014 | 1:27 PM ET

    DETROIT— Toyota is recalling about 423,000 older-model Lexus luxury cars in the U.S. because a gasket can leak fuel and possibly cause a fire. The move is among three global recalls that Toyota announced Wednesday totaling about 1.7 million vehicles. The Lexus recall is part of a larger recall of 759,000 cars that also covers the Crown Majesta, Crown and Mark X in...

  • In a letter to a Federal Communications Commission official viewed by Reuters on Wednesday, GM's Global Connected Consumer executive director, Harry Lightsey III, urged the FCC to "retain the critical distinction" among rules for fixed and mobile Internet traffic and said new limitations for the mobile industry may constrain innovation in connected cars.

  • Top gas mileage goes to Mitsubishi Mirage Wednesday, 15 Oct 2014 | 11:37 AM ET

    The non-hybrid new car with the best gasoline mileage rating in the United States is not a Honda or Toyota. It's a Mitsubishi that's priced less than the average cost of a used car or truck. Mitsubishi's 2015 Mirage compact, five-door hatchback is rated by the federal government at 40 miles per gallon in combined city/highway travel.

  • DETROIT, Oct 15- General Motors Co's global sales rose 2 percent in the third quarter, driven by strong demand in the two largest auto markets in the world, China and the United States. Japan's Toyota Motor Corp will report third-quarter sales on Nov. 5. Those results helped offset declines in South America, Europe and its international operations in Asia excluding...

  • VW edges GM to hold 2nd place in global sales race Wednesday, 15 Oct 2014 | 10:13 AM ET

    DETROIT— Volkswagen barely edged out General Motors for second place in the global auto sales race during the first three quarters of the year, but Toyota was expected to keep its lead to stay in first place. Volkswagen, which nudged GM out of second in the first half of the year, stayed ahead even though the Detroit automaker had its best third-quarter global sales...

  • *U.S. retail sales fall, even when excluding cars, gasoline. WASHINGTON, Oct 15- U.S. retail sales declined in September and prices paid by businesses also fell, worrisome signs that consumer demand may be faltering while inflation is failing to gain traction. Total retail sales dropped 0.3 percent, the Commerce Department said.

  • Jay Leno returning to series TV with CNBC car show Wednesday, 15 Oct 2014 | 9:03 AM ET

    NEW YORK— Jay Leno is returning to nightly television. The former "Tonight Show" host's new prime-time venture, tentatively titled, " Jay Leno's Garage," and based on his Emmy Award-winning Web series, will premiere on CNBC in 2015, the network announced Wednesday. Jay Leno's Garage: The Ultimate Car Week "marked his first return to hosting since he vacated NBC's" The...

  • Jay Leno new CNBC gig     Wednesday, 15 Oct 2014 | 8:45 AM ET

    CNBC's Jane Wells talks with Jay Leno about his new show on CNBC next year centered on car stories, history, driving and investing.

  • US retail sales fell in September on autos and gas Wednesday, 15 Oct 2014 | 8:31 AM ET

    WASHINGTON— U.S. retail sales retreated in September as purchases of autos, gasoline, furniture and clothing slowed, a sign that recent job gains have yet to significantly boost consumer spending. The Commerce Department said Wednesday that seasonally adjusted retail sales dropped 0.3 percent from the previous month. Drivers are spending much less at the...

  • U.S. retail sales give cautionary sign on consumer demand Wednesday, 15 Oct 2014 | 8:31 AM ET

    WASHINGTON, Oct 15- U.S. retail sales declined in September even when factoring out weakness at auto dealers and gasoline stations, providing a surprisingly cautionary sign for the strength of consumer demand. Total retail sales dropped 0.3 percent during the month, the Commerce Department said on Wednesday. Drops in receipts at gasoline stations and auto...

  • Ahead of the Bell: US Retail Sales Wednesday, 15 Oct 2014 | 6:48 AM ET

    WASHINGTON— The Commerce Department releases retail sales data for September. The report will released Wednesday at 8:30 a.m. Eastern. SALES DECLINE: Economists forecast that retail sales slid 0.1 percent last month, according to a survey by the data firm FactSet.

  • DETROIT/ NEW YORK, Oct 14- Auto analysts are skeptical that Sergio Marchionne, the hyperbolic chief executive of Fiat Chrysler Automobiles, can meet his most ambitious goal: to nearly double Jeep's global sales over the next four years. Marchionne reiterated his aggressive target for boosting Jeep's annual volume to 1.9 million, while pacing the floor of the New...

  • Oct 14- For over seven years, fund managing partners Bob Olstein and Eric Heyman have had the good fortune of investing in a number of companies that were later bought out or became targets of big-name shareholder activists. This year alone, their Olstein Strategic Opportunities Fund has seen two of its holdings targeted by activists and another six the object...