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Automobiles and Components

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  • Jan 30- Lear Corp, a maker of auto seats and electrical power systems, reported a better-than-expected quarterly profit due to strong demand from North America. Lear, whose customers include General Motors Co and Ford Motor Co, said sales in its seats business rose 10 percent in the fourth quarter ended Dec. 31. Lear's revenue from North America rose 13.5 percent,...

  • FRANKFURT, Jan 30- A boom in demand for car safety systems will help German engineer Robert Bosch to boost sales and profit margins this year, it forecast on Friday. The company, a major supplier of electronic and mechanical automotive components, said preliminary figures showed group sales reached 48.9 billion euros last year, up 6.2 percent on the year before,...

  • Honda said it was hurt by recall expenses, mainly in North America. Honda is the automaker hardest hit by the quality woes over Takata Corp. air-bags that explode. Honda also lowered its global vehicle sales forecast for the full year to 4.45 million vehicles from 4.6 million.

  • TOKYO, Jan 30- Japan's Honda Motor Co on Friday cut its annual operating profit forecast by 6.5 percent as it set aside more cash to cover an expanded recall of cars to replace potentially faulty air bags made by supplier Takata Corp. Honda also said it now expects to sell a total of 4.45 million cars this fiscal year, down from the 4.62 million it previously forecast,...

  • Could recalls affect Honda's Q3 earnings?  Thursday, 29 Jan 2015 | 10:32 PM ET

    Koji Endo, Managing Director at Advanced Research Japan, discusses whether the issue of recalls will threaten Honda's earnings due late Friday.

  • Tracking the massive recall of Takata airbags  Thursday, 29 Jan 2015 | 7:33 PM ET

    Jessica Caldwell, Senior Analyst at Edmunds.com, discusses news of another fatal crash that could possible be linked to the defective driver-side airbags made by Japan's Takata.

  • DETROIT, Jan 29- Honda Motor Co said on Thursday that a driver was killed last week in a Houston suburb in a 2002 Accord equipped with a Takata Corp air bag that may have ruptured. The Harris County Sheriff is investigating the crash, which occurred Jan. 18 in Spring, Texas, north of Houston, and identified the driver as 35- year-old Carlos Solis. Takata's handling of air...

  • Exploding air bag may have killed Texas man Thursday, 29 Jan 2015 | 4:14 PM ET

    HOUSTON— Federal safety regulators are looking into the death of a Texas man who may be the latest victim of exploding automobile air bags made by Takata Corp. of Japan. Senator Bill Nelson, D- Fla., said Thursday on the Senate floor. Honda said in a statement that the car was part of a 2011 national recall to fix the driver's air bag inflators, but records show the...

  • Still, Honda, like other affected automakers, expects to get those costs back eventually if investigations find Takata at fault. And many analysts say reputational damage seems minimal, including in the United States, Honda's most important market. That's a red flag for Honda, which excels in cars that have attracted buyers concerned about fuel economy.

  • Major car companies sitting out the Super Bowl Thursday, 29 Jan 2015 | 3:22 PM ET
    Still from Mercedes' Super Bowl commercial "Fable"

    General Motors, Ford and Audi are among the list of automakers that have decided not to spend $4.5 million to run 30-second commercials.

  • Ford beats street, maintains 2015 profit forecast Thursday, 29 Jan 2015 | 2:00 PM ET
    Cars are prepared for distribution at a Ford factory on January 13, 2015 in Dagenham, England.

    Ford Motor quarterly earnings beat Wall Street earnings expectations on Thursday, and the automaker maintained its 2015 profit forecast.

  • 2011 vehicle models with highest and lowest death rates Thursday, 29 Jan 2015 | 1:42 PM ET

    The Insurance Institute for Highway safety examined fatalities involving 2011 model year vehicles, looking at how many driver fatalities occurred in a particular model over the course of a year of operation, expressed as a rate per million registered vehicle years. It found there was an average of 28 driver deaths per million registered vehicle years...

  • PORTLAND, Ore.— Daimler Trucks North America agreed to pay $2.4 million to settle discrimination complaints filed by six minority workers who said they were subjected to threats and racial slurs at the company's Portland plant. Brad Avakian, commissioner of the Oregon Bureau of Labor and Industries, announced the deal on Thursday. The complaints against the...

  • *VW eyes truck holding to integrate MAN, Scania. WOLFSBURG, Germany, Jan 29- Volkswagen should be able to cut costs at its troubled passenger car brand by "substantially more" than the 5 billion euros planned by the German carmaker's top management, its works council chief said. Europe's largest automaker announced plans in July to cut 5 billion euros of costs at its...

  • WASHINGTON— The chances of a driver dying in a crash in a late-model car or light truck fell by more than a third over three years, and nine car models had zero deaths per million registered vehicles, according to a study by the U.S. Insurance Institute for Highway Safety. Improved vehicle designs and safety technology have a lot to do with the reduced risk, but a weak...

  • Jan 29- Harman International Industries Inc, maker of JBL and Harman Kardon audio systems, reported a better-than-expected profit and revenue as increasing auto sales led to strong demand for the company's car infotainment products. The company on Thursday also announced a deal with Chinese search engine Baidu Inc to launch a networking service, called...

  • Toyota recalls 52K Avalons for fire risk Thursday, 29 Jan 2015 | 8:17 AM ET
    2011-2012 Toyota Avalon

    The Japanese car manufacturer issued the recall because of a wire problem that could lead to a fire.

  • DETROIT, Jan 29- Ford Motor Co on Thursday said it would keep relying on North America for its profit this year as the No. 2 U.S. automaker signaled that losses in Europe would be more than previously forecast. Ford had previously estimated losses from Europe at about $250 million in 2015. On Thursday, however, it backed away from that forecast, saying the loss would...

  • Ford beats Street on bottom line  Thursday, 29 Jan 2015 | 7:04 AM ET

    CNBC's Phil LeBeau breaks down the automaker's quarterly numbers of EPS $0.26 adj. vs. $0.23 est.

  • DETROIT, Jan 29- Ford Motor Co's quarterly earnings beat Wall Street earnings expectations on Thursday, and the automaker maintained its 2015 profit forecast. Net income was $52 million, or 1 cent per share, a fall from $3.07 billion a year earlier, when results were boosted by a one-time $2.1 billion special tax item. In North America, Ford made a pretax profit of...