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Automobiles and Components

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  • *Family-owned company seeking to expand in US, Asia. The company, which specialises in exhaust technology as well as heating and air conditioning systems, has mandated Citi to help it look at strategic options, including whether to continue without new tie-ups, the sources said. "Eberspaecher does not necessarily need money and partnering with a peer would be...

  • TOKYO— To illustrate his vision for a turnaround at recall-slammed Honda, Takahiro Hachigo, the new chief executive, showed video footage set to a light-hearted 50 s-style rock music of happy people with Honda products, like a lawn mower and the Asimo walking robot. Honda's brand image has suffered after quality lapses for popular vehicles like the Fit hybrid in...

  • TORONTO, July 2- A healthy appetite for trucks and luxury cars pushed auto sales in Canada to a record high for June, with Fiat Chrysler Automobiles the top seller, according to data released on Thursday. "Ongoing gains being enjoyed by the luxury manufacturers in the Canadian market turned into a veritable feast in June," DesRosiers Automotive Consultants wrote...

  • Health Net and BP are big market movers Thursday, 2 Jul 2015 | 4:29 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Health Net Inc., up $6.51 to $71.57. The managed health care services company is being bought by Medicaid coverage provider Centene Corp. for about $6.3 billion.

  • TORONTO, July 2- General Motors, Fiat Chrysler Automobiles and Toyota posted higher Canadian sales for June on Thursday, bolstered by healthy demand for their pickup trucks, but Ford's pickup sales fell, hurting its monthly results. Fiat Chrysler said its sales in Canada notched a 1 percent rise to 27,217 vehicles as Dodge and Chrysler minivan sales rose 14...

  • WASHINGTON, July 2- The top U.S. auto safety regulator said on Thursday he will move quickly to take action in response to Fiat Chrysler Automobiles NV's mishandling of recalls involving up to 11 million vehicles. Mark Rosekind, who heads the National Highway Traffic Safety Administration, said action could come by the end of July and take the form of either a...

  • Three cars of the future: Analyst Thursday, 2 Jul 2015 | 2:02 PM ET
    Three cars of the future: Analyst

    Brian Johnson, Barclays senior auto analyst, is keeping his rating at Tesla an "equal weight." Johnson discusses the outlook for driverless cars.

  • Tesla sees record deliveries Thursday, 2 Jul 2015 | 2:00 PM ET
    Tesla sees record deliveries

    Tesla delivered more than 11,000 vehicles in the second quarter, reports CNBC's Phil LeBeau.

  • WASHINGTON, July 2- Fiat Chrysler Automobiles NV has fallen short on the execution of auto safety recalls and is working to improve its recall procedures and establish best practices, a senior executive with the automaker said on Thursday. "Recall execution is where we have fallen short," Scott Kunselman, FCA's senior vice president for vehicle safety and...

  • FIAT CHRYSLER EXECUTIVE SAYS AUTOMAKER HAS "FALLEN SHORT" ON RECALL EXECUTION, PLEDGES TO WORK WITH NHTSA AND PURSUE BEST PRACTICES.

  • TORONTO, July 2- June auto sales in Canada grew for both General Motors Canada and Fiat Chrysler Automobiles Canada, bolstered by healthy demand for pickup trucks, the companies said on Thursday. GM Canada said a 15 percent lift in June sales came from gains across its Chevrolet, Buick, GMC and Cadillac brands. Total sales for Cadillac and Chevrolet brands rose 13...

  • GM Canada reports 15 percent sales jump in June Thursday, 2 Jul 2015 | 12:12 PM ET

    TORONTO, July 2- General Motors Canada said on Thursday that June auto sales increased 15 percent over the same period last year, as dealers delivered 24,226 vehicles during the month. Gains came from the automaker's four Chevrolet, Buick, GMC and Cadillac brands, and sales of its Chevrolet Colorado and Silverado and GMC Canyon and Sierra led the industry pickup...

  • WASHINGTON— The chief U.S. auto safety regulator says Fiat Chrysler will face sanctions for violating safety laws in multiple recalls. National Highway Traffic Safety Administration chief Mark Rosekind says the agency will act before Labor Day and that the automaker will face enforcement action. The agency has authority to fine companies as much as $35...

  • WASHINGTON, July 2- Fiat Chrysler Automobiles NV went on offense ahead of a hearing before federal regulators to blunt criticism of its plan to install trailer hitches on 1.5 million Jeep Cherokee and Liberty SUVs to avert a more costly fix to reduce the risk that fuel tanks could rupture and catch fire in rear-end collisions. Thursday's hearing, convened by the...

  • Record Tesla deliveries Thursday, 2 Jul 2015 | 10:26 AM ET
    Record Tesla deliveries

    Tesla delivered more than 11,000 vehicles in the second quarter, reports CNBC's Phil LeBeau.

  • Tesla tops 11,000 vehicles delivered in second quarter Thursday, 2 Jul 2015 | 7:16 AM ET

    PALO ALTO, Calif.— Electric car maker Tesla's second-quarter deliveries surged 52 percent to set a company record exceeding 11,000 vehicles. The Palo Alto, California, company had surpassed 10,000 vehicles for the first time in the first three months of the year and on Thursday said it had broken that record, delivering 11,507 vehicles. Shares of Tesla Motors...

  • Consumers are driving automobile cycle: Analyst Thursday, 2 Jul 2015 | 5:30 AM ET
    Consumers are driving automobile cycle: Analyst

    Itay Michaeli, analyst at Citi, explains what is driving the resurgence in the auto industry.

  • *Stock's dividends a draw in nearly zero-interest Japan. *Some foreign funds have criticized the Japan- only shares. TOKYO, July 2- Toyota Motor Corp set the price for its "Model AA" class shares at the top of its range, as retail investors flocked to the $4 billion issue the world's biggest automaker hopes will secure it longer-term shareholders.

  • TOKYO, July 2- Japan's Nikkei share average rose 1 percent on Thursday led by automakers, which reported strong June sales in the United States, and broadly supported by a weaker yen. The Nikkei share average ended 193.18 points higher at 20,522.50. The broader Topix gained 0.7 percent to 1,648.24 and the JPX-Nikkei Index 400 advanced 0.8 percent to 14,880.05.

  • Will US auto sales hold up when oil price rebounds? Wednesday, 1 Jul 2015 | 10:36 PM ET
    Will US auto sales hold up when oil price rebounds?

    Karl Brauer, senior director, Insights at Kelley Blue Book, expects demand for SUVs and trucks to hold up even if fuel prices rebound, as car manufacturers strive for better fuel efficiency.