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Automobiles and Components

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  • DETROIT, Aug 1- The U.S. auto industry hasn't appeared so healthy for years. And yet, a minority on Wall Street and in the autos business are seeing reasons to be wary. Among those seeing a glass half empty is Morgan Stanley auto analyst Adam Jonas who says we may be heading towards what he terms "peak auto."

  • Tesla targets Reno (and others) for Gigafactory Friday, 1 Aug 2014 | 12:15 AM ET
    A Model S is parked in front of a new Tesla Supercharger outside the Tesla factory in Fremont, Calif.

    After months of consideration, Tesla has made it clear one city appears to be out in front of others for landing the new $5 billion battery plant.

  • DETROIT, July 31- Tesla Motors Inc, the California- based maker of luxury electric cars, said it expects to build more than 60,000 cars in 2015, after spending heavily this year to update and expand its Fremont assembly plant.

  • RIO DE JANEIRO/ BRASILIA, July 31- Argentina's debt default threatens to worsen trade tensions in South America, adding to the economic woes of Brazil in a tense election year and causing headaches in Uruguay as the Argentine economy looks likely to plunge deeper into recession.

  • Tesla posts 2Q loss, prepares Nevada factory site Thursday, 31 Jul 2014 | 5:09 PM ET

    PALO ALTO, Calif.— Electric car maker Tesla Motors widened its loss in the second quarter as it prepared for the launch of a new SUV and started work on a massive new battery plant. But the company is still considering sites in California, New Mexico, Arizona and Texas, and won't make a final decision for several months.

  • DETROIT, July 31- Tesla Motors Inc, the California- based maker of luxury electric cars, said it lost $61.9 million, or 50 cents a share, in the second quarter, as revenue nearly doubled to $769.3 million. In the year-ago quarter, Tesla lost $30.5 million, or 26 cents a share, on revenue of $405.1 million.

  • Tesla says decision on battery factory months away Thursday, 31 Jul 2014 | 4:42 PM ET

    RENO, Nev.— Electric car maker Tesla Motors said Thursday that it is preparing a site near Reno, Nevada, as a possible location for its new battery factory, but is still evaluating other sites. Tesla said it broke ground on the Nevada site in June. California, New Mexico, Arizona and Texas are also in the running.

  • DETROIT, July 31- Tesla Motors Inc, the California- based maker of luxury electric cars, said it lost $61.9 million, or 50 cents a share, in the second quarter, as revenue nearly doubled to $769.3 million. On a non-GAAP basis, Tesla said it earned 11 cents a share, topping analysts' expectations of 4 cents.

  • WASHINGTON, July 31- A former executive of Japanese auto parts maker G.S. Electech Inc pleaded guilty on Thursday to conspiring to fix the prices of parts used on anti-lock brakes and was sentenced to 13 months in a U.S. prison, the Justice Department said.

  • LONDON, July 31- The aluminum market outside China is set to record its first deficit in nine years in 2015 following production cuts and an Indonesian ore export ban, a turning point that could be the start of a prolonged shortfall as demand recovers.

  • NEW DELHI, July 31- India's biggest carmaker, Maruti Suzuki India Ltd, warned on Thursday that its rising sales were largely driven by improving sentiment, discounts and government tax breaks, rather than any underlying economic revival.

  • July 31- Auto-parts maker BorgWarner Inc's full-year profit forecasts fell short of analyst expectations, sending its shares down 4 percent in early trading. BorgWarner raised its 2014 profit forecast for the second time in six months, to $3.25- $3.35 per share, from its previous forecast range of $3.15- $3.30 per share.

  • *Subaru maker Fuji Heavy's operating profit margin at 13 pct. TOKYO, July 31- Japanese automakers Mazda Motor Corp and Fuji Heavy Industries Ltd, which makes Subaru cars, said they are on track for record full-year profits after strong sales in the United States powered double-digit profit growth in April-June.

  • Tesla's earnings on deck     Thursday, 31 Jul 2014 | 8:56 AM ET

    CNBC's Phil LeBeau provides a preview of Tesla's Q2 earnings.

  • TOKYO, July 31- Panasonic Corp confirmed on Thursday it would invest in U.S. electric carmaker Tesla Motors Inc's planned $5 billion lithium-ion battery plant in the United States, but said it had yet to decide on the size and timing of its investment.

  • Volkswagen 2nd quarter profit up but revenue slips Thursday, 31 Jul 2014 | 6:15 AM ET

    BERLIN— Germany's Volkswagen, Europe's biggest automaker, says its net income rose 14.1 percent in the second quarter although revenues slipped even as unit sales pushed higher. Volkswagen AG said its profit in the April-June period was 3.25 billion euros, up from 2.85 billion a year earlier.

  • Panasonic, Tesla to build big US battery plant Thursday, 31 Jul 2014 | 4:16 AM ET

    TOKYO— American electric car maker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs. Tesla has said that Nevada, Arizona, Texas, New Mexico and California are in the running.

  • TOKYO, July 31- Panasonic Corp confirmed on Thursday it would invest in U.S. electric carmaker Tesla Motors Inc's planned $5 billion lithium-ion battery plant in the United States, but said it had yet to decide on the size of its investment. "We have not yet decided exactly how much we will invest and when," said Chief Financial Officer Hideaki Kawai.

  • TOKYO, July 31- Japan's second-tier automakers Mazda Motor Corp and Fuji Heavy Industries Ltd posted double-digit profit growth in April-June helped by strong sales in the United States, their biggest market.

  • TOKYO, July 31- Fuji Heavy Industries, the maker of Subaru- brand cars, on Thursday posted a 13 percent rise in April-June operating profit on strong sales of its Forester SUV in the United States, cost cuts and a weaker yen.