GO
Loading...

Automobiles and Components

More

  • SAO PAULO, March 30- Volkswagen AG has furloughed 4,200 workers at its second largest factory in Brazil for three weeks, a local union said on Monday, as a demand crisis forces domestic carmakers to manage excess capacity. As exports to Argentina have plunged and demand in Brazil hits its worst downturn in over a decade, VW is cutting a shift at the Taubate plant and...

  • Toyota cuts price of automatic braking safety devices Monday, 30 Mar 2015 | 10:03 AM ET

    DETROIT— Those pricey high-tech systems that automatically stop or slow your car if it's about to run into something are getting a lot cheaper. Toyota says it will offer lower-cost versions of the safety features in new Lexus and Toyota SUVs that it's introducing this week at the New York auto show, and the cheaper devices will spread across most of the company's...

  • March 30- Toyota Motor Sales U.S.A Inc, a unit of Toyota Motor Corp, said it would offer low-cost automated braking safety packages to U.S. customers as an optional accessory for all its Toyota and Lexus cars by the end of 2017.. More importantly it will help prevent some crashes from ever happening in the first place, " Jim Lentz, Chief Executive, Toyota Motor North...

  • Lincoln Continental returns   Monday, 30 Mar 2015 | 9:20 AM ET
    Lincoln Continental returns

    Ford Motor President and CEO Mark Fields, discusses the reveal of the Lincoln Continental at the New York Auto Show. He says the company has developed the car for both China and U.S. customers.

  • TORONTO, March 30- The head of the Bank of Canada said a slump in oil prices is having an "atrocious" effect on the Canadian economy but a cheaper currency and incipient U.S. revival should help exports drive a recovery, the Financial Times reported on Monday. Governor Stephen Poloz said in an interview with the newspaper that the central bank still had many options...

  • NEW YORK, March 30- When General Motors Co takes the wraps off its new Cadillac CT6 on Tuesday the most important thing about the vehicle could be what is under its skin. The CT6, to be unveiled ahead of the April 3-12 New York auto show, is an expensive car aimed more at boosting Cadillac's brand image than sales volume. Automakers are under pressure in the United...

  • Volvo is in advanced talks with several U.S. states and will announce a location within weeks, Chief Executive Hakan Samuelsson said in embargoed comments made before the announcement. The plant will serve export markets as well as the United States, where Volvo is aiming for a return to annual sales of 100,000 vehicles. The choice of the United States over...

  • PARIS, March 27- French auto parts maker Valeo plans to draw on drone software and other military technologies from partner Safran to offer self-driving vehicle platforms to carmakers by the end of the decade. While demonstrating an autonomous car and other prototype systems jointly developed with Safran, the French defence and aerospace group, Valeo said on...

  • FRANKFURT, March 27- German carmaker Mercedes-Benz plans to launch a mid-sized pickup truck, expanding its premium brand into a lower-priced bracket in a bid to narrow the sales gap with arch rival BMW. The Mercedes pickup will initially target customers in Latin America, South Africa, Australia and Europe, and no decision has been made about whether to launch...

  • Time to invest in autonomous driving software   Thursday, 26 Mar 2015 | 11:24 PM ET
    Time to invest in autonomous driving software

    Hardeep Walia, CEO of Motif Investing shares his latest investment plan, the "connected car motif,' which invests in autonomous driving software companies.

  • Lululemon and Red Hat are big market movers Thursday, 26 Mar 2015 | 4:57 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Red Hat Inc., up $6.91 to $75.36. Winnebago Industries Inc., down $3.40 to $20.39.

  • Company officials say they expect the new Malibu to deliver $1,500 a car more profit than its predecessors. To win over skeptical consumers, GM's ads for the new Malibu will tout the car's quality, styling, fuel-efficiency, and a myriad of safety and connectivity features. GM's sales goals for the Malibu are important, because the car is a key piece of GM Chief...

  • *Plant in western India to double local production. SANAND, India, March 26- Ford Motor Co plans to triple exports from India with a $1 billion plant that will be one of its most heavily automated in Asia, offsetting slower sales inside the country with a push to sell more local production abroad. Ford, like foreign rivals General Motors and Volkswagen, has struggled...

  • Winnebago misses Street 2Q forecasts Thursday, 26 Mar 2015 | 7:21 AM ET

    FOREST CITY, Iowa _ Winnebago Industries Inc. on Thursday reported fiscal second-quarter profit of $8.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Three analysts surveyed by Zacks expected $241.6 million.

  • China Automotive Systems posts 4Q profit Thursday, 26 Mar 2015 | 5:21 AM ET

    HUBEI PROVINCE, China _ China Automotive Systems Inc. on Thursday reported fourth-quarter earnings of $9 million. The Hubei Province, China- based company said it had profit of 28 cents per share. China Automotive Systems shares have dropped 5 percent since the beginning of the year.

  • Modular mojo: Toyota re-engineers its appeal Thursday, 26 Mar 2015 | 12:44 AM ET

    TOYOTA CITY, Japan, March 26- Toyota Motor is looking to cast off a reputation for making reliable, but often dull, cars in a wide-ranging review of its designs, technologies, factories and supply deals- a full makeover aimed at staying on top in a cut-throat industry. For decades, the Japanese automaker carved out global leadership by using common parts across many...

  • Toyota: Both hands back on the wheel after recall spinout Thursday, 26 Mar 2015 | 12:32 AM ET

    TOYOTA, Japan— Toyota Motor Corp. is ready to ramp up its growth again, emerging from an intentional soul-searching lull brought on by its massive global recall scandal that began in 2009.. "It is making our effort to come out with ever better cars increasingly difficult," he told reporters at headquarters in Toyota city, central Japan. He pointed to how President...

  • TOYOTA CITY, Japan, March 26- Toyota Motor Corp said on Thursday it would aim to halve the investment required to retool factories for new models compared with what it was spending before the 2008 financial crisis, as part of a sweeping overhaul of the way it develops and builds cars. Under the Toyota New Global Architecture efficiency and cost-saving initiative,...

  • DETROIT, March 25- The United Auto Workers union on Wednesday said getting raises for workers at the Detroit automakers will be a top priority in contract talks this summer, but more jobs and production are shifting to U.S. plants without unions and Mexico. Earlier this week, General Motors Co said it would build a factory in Mexico to assemble a new generation of...

  • TOLEDO, Ohio— The leader of a union that represents Jeep workers in Toledo said Wednesday that he's confident that the city and state have put together a package that will convince Fiat Chrysler Automobiles against moving Jeep Wrangler production. Bruce Baumhower, president of United Auto Workers Local 12 in Toledo, said he expects a decision from Fiat...