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Automobiles and Components

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  • China automakers must improve brand: Pro   Sunday, 26 Apr 2015 | 6:21 PM ET
    China automakers must improve brand: Pro

    Geoff Broderick, VP & GM of J.D. Power Asia Pacific, warns Chinese automakers must improve their brand in developed markets like the U.S. and Western Europe.

  • Volvo sells made-in-China cars to US   Sunday, 26 Apr 2015 | 6:18 PM ET
    Geely sells made-in-China cars to US

    Chinese auto company Zhejiang Geely Holdings is beginning production of the Volvo S60 at its Chengdu factory to be exported to the U.S. next month.

  • FRANKFURT, April 26- Ferdinand Piech's iron-fisted rule over Volkswagen helped him build an empire spanning fuel-efficient city cars to 40- tonne trucks, but in the end he overplayed his hand and was forced out before reaching his goal of making VW the world's biggest carmaker. Piech took the reins at VW's Audi in 1988 before he joined the parent company and...

  • HAMBURG/ FRANKFURT, April 25- Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as its chairman on Saturday after losing a showdown he had provoked with Chief Executive Martin Winterkorn, ending an era at the iconic German carmaker. Piech, the 78- year-old grandson of the inventor of the Volkswagen Beetle Ferdinand Porsche, had...

  • HAMBURG/ FRANKFURT, April 25- Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as its chairman on Saturday after losing a showdown with Chief Executive Martin Winterkorn, ending an era at the iconic German carmaker. Piech, the 78- year-old grandson of the inventor of the Volkswagen Beetle, had previously seen off other...

  • Volkswagen chairman Piech resigns after dispute over CEO Saturday, 25 Apr 2015 | 12:38 PM ET

    FRANKFURT, Germany— Ferdinand Piech, chairman of the board of Volkswagen AG and a major figure in the German auto industry, has stepped down after clashing with other board members over his criticism of the company's CEO. Piech had said in an interview with Der Spiegel published earlier this month that he was distancing himself from CEO Martin Winterkorn.

  • DETROIT, April 24- Ford Motor Co said on Friday it is recalling about 390,000 Ford Fiesta and Fusion and Lincoln MKZ models in North America because of a potential door latch malfunction. Affected vehicles were produced at Ford plants in Mexico, including the 2012-2014 Fiesta, the 2013-2014 Fusion and the 2013-2014 Lincoln MKZ. About 86 percent of the recalled...

  • Ford recalls 390,000 cars to fix door latches Friday, 24 Apr 2015 | 3:48 PM ET

    DETROIT— Ford is recalling about 390,000 cars because the doors may not latch properly and could open while the cars are in motion. Ford Motor Co. said two people suffered sore shoulders from doors bouncing back after they were closed. The U.S. National Highway Traffic Safety Administration began investigating Fiesta door latches in September after getting...

  • France's stake in Renault and influence over Nissan, which is 43.4 percent- owned by the French carmaker and where Ghosn is also chairman and chief executive, has long been a sensitive matter. Nissan holds a reciprocal 15 percent in Renault that is deprived of voting rights, another sore point in Tokyo, where Nissan is deemed to be under its alliance partner's...

  • April 24- Industry consultants LMC Automotive and J.D. Power on Friday forecast that April U.S. auto sales will rise 5.4 percent from a year ago. On an annualized basis, April U.S. sales will be 16.6 million vehicles, the consultancies said. LMC also held its forecast for this year's auto sales at 17 million vehicles, up 3 percent from last year.

  • DETROIT, April 24- General Motors Co Chief Executive Officer Mary Barra, who last year became the first woman to lead a major U.S. automaker, received $16.2 million in 2014 compensation, up 78 percent from her predecessor's total the previous year. She received $4.55 million in salary and other liquid compensation for 2014, GM said in a proxy filed on Friday with...

  • GM CEO receives $16.2M   Friday, 24 Apr 2015 | 11:22 AM ET
    GM CEO receives $16.2M

    CNBC's Phil LeBeau reports on GM compensation numbers from General Motor's proxy filing.

  • Low gas prices lead to layoffs   Friday, 24 Apr 2015 | 11:16 AM ET
    Low gas prices lead to layoffs

    CNBC's Kate Rogers on layoffs at Ford.

  • DETROIT, April 24- General Motors Co Chief Executive Officer Mary Barra, who last year became the first woman to lead a major U.S. automaker, received $16.2 million in 2014 compensation, up 78 percent from her predecessor's total the previous year. She received $4.55 million in salary and other liquid compensation for 2014, GM said in a proxy filed on Friday with...

  • SHANGHAI April 24- Sweden's Volvo Cars will produce at its Belgian factory a small car based on a common platform and engine technology developed with Chinese parent Zhejiang Geely Holding Group, Volvo's chief said. "We have decided we will be using Ghent for Europe," Samuelsson said, referring to Volvo's factory in Ghent, Belgium. Geely is expected to start...

  • *Renault shares hit seven-year high. PARIS, April 24- Renault shares powered to a seven-year high on Friday as forecast-beating quarterly sales overshadowed signs of growing tensions with the French government over its influence on the carmaker. However, the strong performance comes amid signs of tensions with the French state, which is seeking to increase...

  • Uber: Customizing the experience   Friday, 24 Apr 2015 | 5:30 AM ET
    Uber: Customizing the experience

    Conrad Whelan, engineering manager at Uber, says there are many initiatives that are being tried out, including Spotify, Uber Eats and Uber Pool.

  • WASHINGTON, April 23- An executive of Hitachi Automotive Systems Ltd has been sentenced to 15 months in prison for his role in a plan to fix the price of starter motors, alternators and other auto parts, the Justice Department said on Thursday. Takashi Toyokuni, who pleaded guilty in the U.S. District Court for the Eastern District of Michigan, also agreed to pay a...

  • Ford to lay off 700 workers due to slow car sales Thursday, 23 Apr 2015 | 6:07 PM ET

    DETROIT— Ford Motor Co. said Thursday it's laying off 700 workers at a Michigan assembly plant because of slow sales of the small cars and hybrids it makes. The Michigan Assembly Plant, in the Detroit suburb of Wayne, will move from three shifts to two starting June 22, spokeswoman Kristina Adamski said. The plant is the same one President Barack Obama visited in...

  • DETROIT, April 23- Ford Motor Co said on Thursday it will lay off about 700 workers at a Detroit- area plant making compact and compact hybrid cars, responding to a dip in demand for such vehicles amid lower gasoline prices. Michigan Assembly Plant in Wayne, Michigan is cutting a shift and will run on two shifts beginning June 22, said Ford spokeswoman Kristina...