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Automobiles and Components

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  • 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.

  • *Nissan outperforms peers after posting outstanding U.S. sales. TOKYO, July 2- Japan's Nikkei share average rose more than 1 percent on Thursday, led by automakers which reported strong June sales in the U.S. market, and broadly supported by a weaker yen. "It's merely a rebound and not aggressive buying," said Masashi Oda, senior investment officer at Sumitomo Mitsui...

  • LONDON, July 2- Luxury carmaker Jaguar Land Rover has signed a contract to build some vehicles in Austria, it said on Thursday, a further expansion away from its UK manufacturing base. The brand, owned by India's Tata Group since 2008, opened its first overseas manufacturing plant in China in October and is building a Brazilian plant in a bid to expand volumes and...

  • Robot kills man at Volkswagen plant in Germany Wednesday, 1 Jul 2015 | 4:03 PM ET

    BERLIN— A robot has killed a contractor at one of Volkswagen's production plants in Germany, the automaker said Wednesday. The man died Monday at the plant in Baunatal, about 100 kilometers north of Frankfurt, VW spokesman Heiko Hillwig said. The 22- year-old was part of a team that was setting up the stationary robot when it grabbed and crushed him against a metal...

  • TABLE- Top-20 selling vehicles in U.S. in June Wednesday, 1 Jul 2015 | 3:52 PM ET

    July 1- The following are the 20 top-selling vehicles in the U.S. in June as reported by the automakers and ranked by total units. Top 20 selling vehicles in U.S. in June. RANK VEHICLE JUN-15 JUN-14 PCT CHNG 1 Ford F-Series P/U 55,171 60,560 -8.9 2 Chevy Silverado-C/K P/U 51,548 43,519 +18.4 3 Toyota Camry 37,408 40,664 -8.0 4 Ram P/U 33,332 33,149 +0.6 5 Toyota...

  • June auto sales rate 17.16M units: Autodata Wednesday, 1 Jul 2015 | 3:17 PM ET
    June auto sales rate 17.16M units: Autodata

    The auto sales rate in June is 17.16 million units, according to Autodata, with CNBC's Phil LeBeau.

  • DETROIT, July 1- Strong demand for sport utility vehicles and trucks in June helped General Motors Co and Ford Motor Co offset slowing demand for sedans by allowing them to raise prices on their trucks. GM and Ford said on Wednesday increases in the average transaction prices for their vehicles, particularly trucks and SUVs, outpaced sales volume growth that...