GO
Loading...

Automobiles and Components

More

  • Ford posts record quarterly profits     Thursday, 24 Jul 2014 | 6:30 AM ET

    CNBC's Phil LeBeau breaks down the automaker's Q2 results of EPS $0.40 ex-items on revenues of $35.3 billion.

  • What to expect from GM and Ford     Thursday, 24 Jul 2014 | 5:50 AM ET

    Itay Michaeli, auto analyst at Citi, discusses General Motors (GM) and Ford ahead of their quarterly results. He says GM's outlook for the rest of the year should be pretty positive on the back of strong U.S. results.

  • Hyundai Motor's 2Q profit dips due to strong won Thursday, 24 Jul 2014 | 1:47 AM ET

    Despite selling more cars, Hyundai said its bottom line was hit by the sharp rise of the South Korean won. Those two models have been popular in South Korea, helping Hyundai win back some ground after taking a hit last year from greater available of foreign cars.

  • GM: 6 more recalls on nearly 718,000 US vehicles Wednesday, 23 Jul 2014 | 2:05 PM ET
    A General Motors logo at the General Motors Technical Center, June 5, 2014 in Warren, Michigan.

    General Motors announced on Wednesday six more safety recalls on 717,950 U.S. vehicles.

  • GM issues 6 more safety recalls Wednesday, 23 Jul 2014 | 1:41 PM ET

    DETROIT— General Motors issued six more recalls on Wednesday, bringing its annual total to 60 recalls covering almost 30 million vehicles.

  • The Stuttgart- based maker of cars and trucks has been trying to bounce back after rival Audi eclipsed Mercedes in 2011 as the world's second biggest luxury car maker behind BMW.

  • European shares propped up by chemical and car stocks Wednesday, 23 Jul 2014 | 10:03 AM ET

    *Investors keeping wary eye on Ukraine crisis. LONDON, July 23- Higher profits at carmaker Daimler and chemicals group Akzo Nobel lifted European shares on Wednesday, offsetting concerns about tighter Western sanctions on Russia over the Ukraine crisis.

  • OTTAWA, July 23- Strong car sales helped push Canadian retail trade up by 0.7 percent in May to C $41.98 billion, eclipsing April's record sales, Statistics Canada reported on Wednesday. Sales by motor vehicle and parts dealers, which account for just under one quarter of total retail sales, were up 2.5 percent.

  • Daimler, Akzo Nobel prop up European equities Wednesday, 23 Jul 2014 | 6:32 AM ET

    *Investors keeping wary eye on Ukraine crisis. LONDON, July 23- Forecast-beating earnings from carmaker Daimler and chemicals group Akzo Nobel lifted European shares on Wednesday, offsetting concerns about a ramping up of sanctions against Russia over the Ukraine crisis.

  • Daimler revenue up; profit drops after 1-time gain Wednesday, 23 Jul 2014 | 2:00 AM ET

    BERLIN— Automaker Daimler AG reported a 6 percent increase in second-quarter revenue and confirmed its full-year targets on Wednesday as new models and cost-cutting efforts helped its performance, though net profit declined sharply after a big one-time gain last year.

  • MEXICO CITY, July 22- South Korean automaker Kia Motors Corp is in talks with Mexico to open a new auto plant worth at least $1.5 billion, officials from Nuevo Leon's state government said on Tuesday.

  • DETROIT, July 22- Chrysler Group LLC said on Tuesday it is recalling 792,300 older-model Jeep SUVs for ignition switch problems, the second recall of its kind for the No. 3 U.S. automaker this year. Of the recalled models, 649,900 are in the United States, 28,800 are in Canada, 12,800 in Mexico and 100,800 outside of North America.

  • Chrysler recalls Jeep SUVs for ignition switches Tuesday, 22 Jul 2014 | 4:15 PM ET

    DETROIT— The ignition switch defects that engulfed General Motors are now a rapidly growing problem at Chrysler. Chrysler said Tuesday it is recalling up to 792,300 older Jeep SUVs worldwide because the ignition switches could fall out of the "run" position, shutting off the engine and disabling air bags as well as power-assisted steering and braking.

  • July 22- U.S. motorcycle maker Harley Davidson Inc came late to the offshoring game. For Harley-Davidson, they turned a happy debut into a near-debacle, as its second-quarter earnings released on Tuesday showed.

  • Michigan approves 9 projects to add 3,900 jobs Tuesday, 22 Jul 2014 | 2:13 PM ET

    LANSING, Mich.— Michigan on Tuesday approved state incentives for nine economic development projects expected to bring about 3,900 jobs, nearly half from General Motors consolidating engineering jobs from outside the state at a site in Michigan.

  • Clarification: GM-Recalls-Rental Cars story Tuesday, 22 Jul 2014 | 10:14 AM ET

    WASHINGTON— In a story July 16, The Associated Press reported that General Motors became the first big automaker to support legislation barring rental-car companies from renting or selling vehicles subject to a recall.

  • July 22- Harley-Davidson Inc cut its full-year forecast for motorcycle shipments on Tuesday, citing weaker-than-expected U.S. retail sales and a delay in getting its newest bike into dealer showrooms.

  • Top droppers: These buyers drive convertible sales Tuesday, 22 Jul 2014 | 8:30 AM ET
    Rear view of the 2015 Mustang GT convertible on the top of the Empire State Building, celebrating the Mustang's 50th anniversary during the New York International Auto Show, April 16, 2014.

    Odds are the person driving with the top down is a wealthy baby boomer who probably has a bachelor's degree, or perhaps even a master's or doctorate.

  • July 22- Harley-Davidson Inc reported a higher-than-expected quarterly profit on Tuesday but cut its full-year forecast for motorcycle shipments, citing weaker-than-expected U.S. retail sales and a delay in getting its newest bike into dealer showrooms.

  • UPDATE 1-Luxury vehicle sales boost Asbury's profit Tuesday, 22 Jul 2014 | 7:18 AM ET

    *Profit $1.18/ shr vs est $1.09/ shr. The company, which gets most of its revenue from the sale of luxury and mid-line cars made by BMW, Mercedes-Benz and Honda, said it sold 13 percent more luxury cars at stores opened for at least a year.