DETROIT— Spiders have forced Suzuki to recall more than 19,000 midsize cars. The automaker says spider webs can clog a fuel vapor vent hose in some 2010 to 2013 Kizashi cars, cutting off air flow. American Suzuki Motor Corp. filed for Chapter 11 bankruptcy protection in November of 2012 and stopped selling automobiles in the U.S.» Read More
FRANKFURT/ SHANGHAI, Aug 25- Three German car parts suppliers have been told by China they can no longer manage their Chinese units independently but need to form partnerships with local peers, the chief executive of auto parts maker ElringKlinger told a German newspaper.
German car parts suppliers have been told they can no longer manage their Chinese units independently but need to form partnerships with local peers.
*BMW, Audi and Mercedes facing new luxury challengers. But his shifting taste in cars foreshadows less comfortable times ahead for global leader BMW, as well as Audi and Mercedes-Benz.
NAGOYA, Japan/ TOKYO, Aug 24- When a Japanese carmaker issued a tender for shock absorbers a few years ago for a model it planned to sell in Indonesia, two suppliers came back with bids that were "so obviously coordinated," said an executive at the automaker.
Aug 22- American Securities LLC- backed auto parts maker Metaldyne Performance Group Inc filed with U.S. regulators for an initial public offering of its common shares. Merrill Lynch, Pierce, Fenner& Smith, Goldman Sachs and Deutsche Bank Securities Inc are the lead underwriters for the offering, the company said.
Aug 22- American Securities LLC- backed auto parts maker Metaldyne Performance Group Inc filed with U.S. regulators on Friday to raise up to $150 million in an initial public offering of common stock. Merrill Lynch, Pierce, Fenner& Smith, Goldman Sachs and Deutsche Bank Securities Inc are the lead underwriters for the offering.
DETROIT— An auto safety advocacy group has asked the U.S. government to investigate power system failures in Chrysler vehicles that could cause them to stall while being driven. The Center for Auto Safety, a nonprofit group founded by Ralph Nader, filed a petition Friday asking the National Highway Traffic Safety Administration for the probe.
Auto dealers are riding a used car bull market that has steadily driven the number of pre-owned cars sold to an expected total of 41.5 million.
SAO PAULO/ BRASILIA, Aug 22- Many of Brazil's biggest retailers, homebuilders and carmakers are cutting jobs as Latin America's largest economy teeters on the edge of recession, a fresh blow to President Dilma Rousseff's re-election bid.
Aug 22- General Motors Co said it opened a fourth IT center in the United States in Phoenix, Arizona as it aims to improve performance and cut operational costs. The automaker said it expects to hire 1,000 employees at the center over the next five years. GM's three other IT centers are in Warren, Michigan, in Austin, Texas and in Roswell, Georgia.
Aug 21- U.S. federal prosecutors have learned that lawyers for General Motors Co were present at key meetings during which information about problems with some of its vehicles were discussed, a source close to the investigation said.
Richard Harris, Chief Executive, Port Shelter Investment Management, explains why Beijing wants to "clip the wings of foreign firms" in the mainland.
DETROIT— Ford is recalling more than 160,000 vehicles in North America for two safety issues. The largest recall involves 159,395 Focus ST and Escape vehicles from the 2013 and 2014 model years. Ford Motor Co. will notify customers and repair the vehicles for free.
Michael Lasser, UBS, explains why the need for auto parts will increase, and which stocks will benefit.
CNBC's Phil LeBeau reports from Matteson, Illinois, from a used car auction.
Used vehicles have become far more profitable for dealers in the past few years. CNBC's Phil LeBeau reports from Matteson, Illinois, about the used car industry.
The action- which is not a safety recall aligned with U.S. safety regulators- is aimed at allowing all 2015 Fit cars to have the same, more robust front bumpers as cars made after June 9, when Honda changed the way they were produced, Chuck Thomas, chief engineer for vehicle safety at American Honda, said.
FRANKFURT, Aug 21- For German car parts maker ZF Friedrichshafen its attempt to buy U.S. rival TRW will take the company to the front of the grid as the race to make cars ever more intelligent and connected splits the industry into those making commoditised components and system providers which put the driver in the back seat.
Profit margins on pre-owned vehicles jumped 13 percent from last year and have become far more profitable for dealers, reports CNBC's Phil LeBeau.
DETROIT, Aug 20- Ford Motor Co plans to introduce a new hybrid gasoline-electric car in late 2018 to compete against the best-selling Toyota Prius, two sources with knowledge of the company's plans told Reuters on Wednesday. The sources said Ford eventually could offer several different body styles of the new hybrid, as Toyota does with the Prius.