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Automobiles and Components

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  • Oshkosh beats Street 4Q forecasts Friday, 31 Oct 2014 | 7:12 AM ET

    OSHKOSH, Wis. _ Oshkosh Corp. on Friday reported fiscal fourth-quarter earnings of $77.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share. Analysts expected $1.6 billion, according to Zacks.

  • *NHTSA sets Dec. 1 deadline for Takata documents. DETROIT, Oct 30- U.S. auto safety regulators on Thursday ordered Japanese supplier Takata Corp to provide documents and answer questions under oath related to the government's ongoing probe of potentially defective Takata air bags in millions of U.S. vehicles. Takata spokesman Alby Berman said on Thursday the...

  • DETROIT, Oct 30- U.S. auto safety regulators on Thursday ordered Japanese supplier Takata Corp to provide documents and answer questions under oath related to the government's ongoing probe of potentially defective Takata air bags in millions of U.S. vehicles. Takata spokesman Alby Berman on Thursday said the company "is cooperating fully with NHTSA and is...

  • US turns up heat on Takata over air bag problem Thursday, 30 Oct 2014 | 1:39 PM ET

    DETROIT— U.S. safety regulators are ordering Japanese auto supplier Takata Corp. to provide more information about air bags that can explode and shoot shrapnel toward drivers and passengers. The National Highway Traffic Safety Administration also wants to know how many replacement parts Takata can make each day and what it has discussed with automakers...

  • 'Chevy Guy' and the awkward World Series moment Thursday, 30 Oct 2014 | 1:11 PM ET
    San Francisco Giants’ Madison Bumgarner, left, holds the MVP trophy as he shakes hands with "Chevy guy" Rikk Wilde after Game 7 of the World Series in Kansas City, Mo., Oct. 29, 2014.

    As awkward moments go during the celebrations of sports championships, the "Chevy Guy" presenting the World Series MVP with a truck is up there.

  • *Q3 oper profit jumps 16 pct to 3.23 bln euros. BERLIN, Oct 30- Volkswagen's third-quarter earnings jumped as profit margins at its main passenger-car division rose for the first time in almost two years, adding to record sales of luxury Audis and Porsches. While sales at Audi and Porsche- which account for two-thirds of group profit- have been rising all year, they...

  • Big gain in Visa drives Dow average higher Thursday, 30 Oct 2014 | 12:06 PM ET

    NEW YORK— U.S. stock indexes are mostly higher as a parade of big companies turn in quarterly results. The Standard& Poor's 500 index rose five points to 1,987 as of noon Eastern time. Auto parts maker BorgWarner dropped 5' percent after reporting results that missed analysts' expectations.

  • *Q3 oper profit jumps 16 pct to 3.23 bln euros. BERLIN, Oct 30- Volkswagen's third-quarter earnings jumped as profit margins at its main passenger-car brand rose for the first time in almost two years, adding to record sales of luxury Audis and Porsches. While sales at Audi and Porsche- which account for two-thirds of group profit- have been rising all year, they have...

  • US stocks are mixed in early trading Thursday, 30 Oct 2014 | 9:40 AM ET

    NEW YORK— U.S. stocks are opening mixed as investors look over more earnings reports from big companies. The Standard& Poor's 500 index fell two points, or 0.1 percent, to 1,980 as of 9:35 a.m. Thursday. Auto parts maker BorgWarner dropped 4 percent after reporting results that missed analysts' expectations.

  • Oct 30- Johnson Controls Inc posted a better-than-expected quarterly profit, driven by higher sales of its car seats in North America and a lower expected tax bill. Johnson Controls supplies parts to automakers such as Toyota Motor Corp and General Motors, who have benefited from increasing vehicle sales in North America. Net income attributable to Johnson...

  • Shares of Harman, which counts Volkswagen AG, BMW AG and Toyota Motor Corp among its major customers, rose 1.7 percent in light premarket trading. Harman also said it secured new car audio awards from Daimler, Porsche, Toyota and Subaru during the quarter. Net income attributable to Harman rose to $83 million, or $1.18 per share, in the quarter ended Sept. 30, from $46.5...

  • BorgWarner meets 3Q profit forecasts Thursday, 30 Oct 2014 | 8:21 AM ET

    AUBURN HILLS, Mich. _ BorgWarner Inc. on Thursday reported profit of $166.6 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 79 cents per share. BorgWarner expects full-year earnings to be $3.23 to $3.28 per share.

  • Volkswagen Q3 profits jump 56 percent Thursday, 30 Oct 2014 | 7:31 AM ET

    FRANKFURT, Germany— Automaker Volkswagen AG says net profit jumped 56 percent in the third quarter as the company saw more sales growth in China and a slowly recovering European auto market. Over the first nine months of the year, VW has seen stronger sales in Germany and the UK, where the economy is doing better. Sales in Russia have dropped during the conflict...

  • LONDON, Oct 30- French stocks Alcatel Lucent, Technip and Renault led a rise in European shares early on Thursday after posting upbeat corporate updates. Auto-maker Renault upgraded its European auto market growth forecast, telecoms equipment maker Alcatel-Lucent improved its gross profit margin in the latest quarter and oil services group Technip posted...

  • WASHINGTON, Oct 29- U.S. safety regulators do not expect Japanese auto parts maker Takata Corp to be able to fully supply replacement parts for millions of defective air bags until after February, and urged Takata and the automakers it supplies to seek additional parts from other companies. Takata must boost production and even tap competitors to address...

  • Why now is the time for Fiat to spin off Ferrari Wednesday, 29 Oct 2014 | 5:59 PM ET
    Former Ferrari CEO, Luca Cordero di Montezemolo (L) and Sergio Marchionne (R), CEO of Fiat and Chrysler.

    Fiat Chrysler is in the midst of hefty investments to boost its worldwide sales and saddled with more than $10 billion in debt.

  • U.S. lawmakers seek independent review of auto regulator Wednesday, 29 Oct 2014 | 5:14 PM ET

    WASHINGTON, Oct 29- U.S. lawmakers on Wednesday called for an independent review of the leading auto safety regulator and a report on whether it can do more to manage product recalls and detect deadly flaws. The National Highway Traffic Safety Administration, the main watchdog for car design dangers, has come under scrutiny over its handling of recent alerts...

  • NEW YORK/ DETROIT/ WASHINGTON, Oct 29- U.S. automotive safety officials said some replacement parts for millions of potentially defective air bags may not be available until February, and they scheduled a meeting Thursday with Takata Corp, the Japanese parts supplier. In documents released on Wednesday, the National Highway Traffic Safety Administration said...

  • Gov't pushes air bag maker on replacement parts Wednesday, 29 Oct 2014 | 4:35 PM ET

    The National Highway Traffic Safety Administration sent letters Wednesday to Japanese air bag maker Takata Corp. and 10 automakers seeking information in a widening air bag recall that now covers almost 8 million U.S. vehicles. The vehicles are equipped with Takata air bags that can potentially inflate with too much force, blowing apart metal canisters and...

  • Ally's 3Q profit up on auto lending Wednesday, 29 Oct 2014 | 1:39 PM ET

    NEW YORK— Ally Financial Inc. reported Wednesday that its third-quarter net income jumped sharply on gains in its automotive lending business. The company, based in Detroit, is the former finance arm of automaker General Motors, but now operates as a standalone auto finance company and bank after a major bailout by the government during the financial crisis.