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Automobiles and Components

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  • DETROIT— Eleven automakers are expected next week to reveal which models are being added to a massive recall of air bags made by Takata Corp.. On Tuesday, the U.S. National Highway Traffic Safety Administration announced a deal with Takata to declare millions of its air bag inflators defective and expand the recall from 17 million to 33.8 million.

  • Memorial Day deals expected to lure car buyers Friday, 22 May 2015 | 4:04 PM ET
    A salesman (left) assists a customer at the Mercedes-Benz of San Francisco car dealership.

    A confluence of economic factors are setting the scene for a strong Memorial Day Weekend in the auto industry.

  • For the corn lobby, which represents corn-based ethanol producers, the EPA's proposals will signal whether Big Oil is winning a battle over market share or whether the political tide can be turned back in ethanol's favor despite opposition from car manufacturers, among other industries. "It would be crazy not to acknowledge the blend wall," said Jeremy Martin of...

  • NECKARSULM, Germany, May 22- The contest for Nokia's maps business has become a three-way race between German carmakers, a consortium including Uber and Baidu, and a third group including China's Tencent and Navinfo, people familiar with the process said. Finland's Nokia has started an auction of its maps business HERE while it completes its 15.6 billion euros...

  • Peugeot mulls factory in Morocco - source Friday, 22 May 2015 | 10:54 AM ET

    PARIS, May 22- French carmaker PSA Peugeot Citroen could announce plans as early as next month to set up a factory in Morocco, a source close to the company said on Friday. A Peugeot spokesman said the group was currently focused on developing sales in Morocco before envisaging any industrial presence in the North African kingdom. Reuters reported in November...

  • Hyundai Motor says to boost output of Tucson SUV Friday, 22 May 2015 | 7:57 AM ET

    SEOUL, May 22- Hyundai Motor said on Friday it would boost output of its Tucson sport utility vehicle by adding production at a South Korean assembly line that currently makes sedans in order to meet demand from markets including the United States. Hyundai Motor, which with sister firm Kia Motors is the world's fifth-largest automaker, has been grappling with...

  • Why US investors are not deterred by Thai crisis   Thursday, 21 May 2015 | 9:34 PM ET
    Why US investors are not deterred by Thai crisis

    Darren Buckley, President of AmCham, explains why foreign direct investment from the U.S. into Thailand increased nearly 5-fold in 2014 despite the country's political instability.

  • DETROIT— Out of concern for the safety of drivers, the U.S. government may step in to manage a giant recall of air bags made by Takata Corp.. Takata agreed this week to declare millions of air bag inflators defective. That added 17 million cars and trucks to existing recalls by 11 manufacturers— BMW, Fiat Chrysler, Ford, General Motors, Daimler Trucks, Honda, Mitsubishi,...

  • Polaris: Our formula works   Thursday, 21 May 2015 | 2:43 PM ET
    Polaris: Our formula works

    Polaris Chairman and CEO Scott Wine, talks about driving innovation at the company, and keeping customers happy.

  • Strong autos in May   Thursday, 21 May 2015 | 2:10 PM ET
    Strong autos in May

    CNBC's Phil LeBeau reports J.D. Power expects May 17.3 million auto sales.

  • May 21- Industry consultancies JD Power& Associates and LMC Automotive said they expect U.S. new vehicle retail sales for May to rise 2 percent to their highest level since August 2014. New car retail sales are forecast to touch 1.3 million in May on a selling-day adjusted basis, JD Power and LMC Automotive said on Thursday. "May's selling rate is making up for a...

  • The chipmaker making a push into self-driving cars Thursday, 21 May 2015 | 12:00 PM ET
    Jen-Hsun Huang, co-founder and chief executive office of Nvidia Corp., speaks during a press conference.

    Graphics processor maker Nvidia remains best known for powering video games rather than playing with tech titans like Google and potentially Apple.

  • DETROIT— Exploding air bags made by Takata Corp. are so dangerous that U.S. safety regulators want to manage a massive recall so cars can be fixed faster. "The number of impacted vehicles and manufacturers in combination with the supply issues related to these air bag recalls adds a previously unprecedented level of complexity to this recall," NHTSA...

  • FRANKFURT, May 21- Germany's premium carmakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to increase their firepower to acquire Nokia's mapping unit HERE, according to two people familiar with the matter. Finland's Nokia started a strategic review of its maps business last month, setting in motion an auction process that...

  • Advance Auto Parts misses Street 1Q forecasts Thursday, 21 May 2015 | 8:45 AM ET

    ROANOKE, Va. _ Advance Auto Parts Inc. on Thursday reported first-quarter profit of $148.1 million. Advance Auto Parts expects full-year earnings in the range of $8.10 to $8.30 per share. Advance Auto Parts shares have dropped almost 6 percent since the beginning of the year.

  • TOKYO, May 21- The lower house of parliament on Thursday approved former Toyota Motor Corp executive Yukitoshi Funo to join the Bank of Japan's divided policy board, a move seen as supportive of Governor Haruhiko Kuroda's push for radical stimulus. Funo, a 68- year-old adviser to the auto giant, would replace Yoshihisa Morimoto, a former utility executive who...

  • *Some automakers explore Takata's rivals for replacement parts. *Takata shares fall 10 pct in Tokyo. DETROIT, May 20- Takata Corp's record U.S. recall of potentially deadly air bag inflators could take years to complete, industry experts and safety advocates said, as automakers scrambled to line up replacement parts, some not from Takata.

  • Corporate jet makers eye revival led by North America Wednesday, 20 May 2015 | 6:10 PM ET

    GENEVA, May 21- Business jet makers, hit badly by the financial crisis, expect an upturn in mature economies such as the United States will encourage companies to once again buy new corporate planes or replace aging jets, executives said this week. Many companies in North America and Europe, from carmakers to banks and tech firms, scaled back usage or sold their...

  • TIMELINE-Takata air bag recalls since 2008 Wednesday, 20 May 2015 | 2:24 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • DETROIT, May 20- Takata Corp said on Wednesday it plans to boost production of parts needed to replace potentially deadly air bag inflators that could spray vehicle occupants with metal shards. Takata's air bag inflators have been found to explode with too much force, spraying metal fragment inside cars and have forced automakers to recall more than 53 million...