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Automobiles and Components

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  • Oct 21- U.S. auto dealer Asbury Automotive Group Inc's quarterly profit jumped 43 percent as easier credit for customers helped the company sell more imported cars. Asbury sells new and used cars made by BMW, Mercedes-Benz, Lexus, Honda Motor Co, Nissan Motor Co Ltd and Toyota Motor Corp, among others. Asbury's net profit rose to $32.5 million, or $1.08 per share, in the...

  • SHANGHAI/ BEIJING, Oct 21- Chinese automakers from state-owned FAW Co to Zhejiang Geely are racing to sell more eco-friendly cars as they try to meet tough fuel economy rules due next year as part of Beijing's battle against pollution. But many of China's smaller indigenous automakers will struggle to make the costly upgrades needed to meet the new rules, which...

  • DETROIT, Oct 20- Toyota Motor Corp recalled 247,000 cars, SUVs and pickup trucks in the United States on Monday because of potentially defective front passenger air bag inflators from Japan's Takata Corp that can rupture and spray metal shrapnel, according to U.S. safety regulators. That raised the number of vehicles affected by regional recalls launched in...

  • Toyota retools the 'plain vanilla' Camry Monday, 20 Oct 2014 | 2:45 PM ET
    2015 Camry

    Toyota delivered a surprise when it announced plans to give the 2015 Camry an extensive update, showing off its more sculpted and tech-savvy look.

  • Vehicles with air bag problem that should be fixed Monday, 20 Oct 2014 | 1:19 PM ET

    The National Highway Traffic Safety Administration issued an urgent plea to more than 4.7 million car owners whose air bag inflators have been recalled to get them repaired. The air bags, especially in areas along the coast with high absolute humidity, have inflators that can rupture. —Models: 2002 to 2004 Lexus SC, 2003 to 2004 Toyota Corolla and Matrix, 2002 to...

  • US agency warns car owners to get air bags fixed Monday, 20 Oct 2014 | 11:46 AM ET

    Multiple automakers have recalled vehicles in the U.S. over the past two years to repair air bag inflators made by Takata Corp., a Tokyo- based supplier of seat belts, air bags, steering wheels and other auto parts. In a statement Monday, the National Highway Traffic and Safety Administration warned owners of those cars to act right away. The warning covers cars made...

  • NHTSA: New airbag issues     Monday, 20 Oct 2014 | 11:34 AM ET

    The National Highway Traffic Safety Administration is warning owners of approximately 3.75 million vehicles about potentially faulty airbags. CNBC's Phil LeBeau has the details.

  • Toyota adds 247K vehicles to air bag recall tally Monday, 20 Oct 2014 | 10:14 AM ET

    DETROIT— Toyota is recalling 247,000 vehicles in high-humidity areas as an air bag problem that has plagued most of the auto industry continues to widen. Inflators can rupture in air bags manufactured by parts supplier Takata, causing metal fragments to fly out when bags are inflated in crashes. The recall covers vehicles in South Florida, along the Gulf Coast,...

  • DETROIT, Oct 17- General Motors Co's top lawyer will retire early next year, months after his department was heavily criticized for how it handled the automaker's defective ignition switch that has been linked to at least 27 deaths. Michael Millikin, 66, informed GM of his decision and the company will immediately begin an external search for his replacement,...

  • GM's top lawyer to retire early next year Friday, 17 Oct 2014 | 12:41 PM ET

    DETROIT, Oct 17- General Motors Co's top lawyer, whose department was heavily criticized for the handling of a defective ignition switch linked to at least 27 deaths, will retire early next year. Michael Millikin, 66, informed GM of his decision and the company will immediately begin an external search for his replacement, the No. 1 U.S. automaker said on Friday.

  • Oct 17- Railroad operator Kansas City Southern's reported a higher-than-expected quarterly revenue as it shipped more grains and automobiles. Kansas City Southern operates on a unique, north-south route in central United States and derives half of its annual revenue from cross-border business with Mexico. Exports from the United States to Mexico rose...

  • *FTSEurofirst 300 up 1.4 pct, Euro STOXX 50 up 1.5 pct. Among the top gainers were Renault, up 2.8 percent and PSA Peugeot Citroen up 5.2 percent, boosted by data showing car sales in Europe rose 6.1 percent in September, the 13th straight month of growth in sales. The euro zone's blue-chip Euro STOXX 50 index was up 1.5 percent, at 2,917.69 points.

  • DETROIT, Oct 16- A fatal accident near Los Angeles last year of a 2002 Acura sedan involved a Takata Corp air bag, the third death in the United States linked to a defective safety component made by the Japanese supplier, according to local officials and the automaker. Xu was driving a green 2002 Acura TL sedan, a model with Takata air bags, a Honda spokesman said on...

  • Third traffic death in U.S. linked to Takata air bags Thursday, 16 Oct 2014 | 4:02 PM ET

    DETROIT, Oct 16- A fatal accident near Los Angeles last year of a 2002 Acura sedan involved a Takata Corp air bag, the third death in the United States linked to a defective safety component made by the Japanese supplier, according to local officials and the automaker. U.S. safety regulators at the National Highway Traffic Safety Administration are investigating...

  • DETROIT, Oct 16- Chrysler Group on Thursday announced two global recalls of more than 900,000 cars and SUVs combined for problems that could cause fires. Chrysler, a unit of Fiat Chrysler Automobiles, is recalling about 470,000 cars and SUVs globally from model years 2011 through 2014 and equipped with a 3.6 liter engine and a 160 amp alternator, according to the...

  • Chrysler recalling nearly 907,000 cars, SUVs Thursday, 16 Oct 2014 | 7:51 AM ET

    DETROIT— Nearly 907,000 Chrysler, Dodge and Jeep SUVs and cars are being recalled for alternators that can fail and heated power mirror wiring that can short and cause minor fires. The recalls, posted Thursday by U.S. safety regulators, push the total number of recalls so far this year 544, totaling a record of more than 52 million vehicles. It can even cause fire or...

  • SHANGHAI, Oct 16- China said on Thursday it would punish carmakers by restricting their production and publicly naming them if they fail to meet fuel consumption requirements on passenger vehicles set for 2015.. China's fuel economy rules, as stringent as those to be enforced in the United States, Europe and Japan, involve a fleet-wide corporate average target...

  • Winnebago beats Street 4Q forecasts Thursday, 16 Oct 2014 | 7:21 AM ET

    FOREST CITY, Iowa _ Winnebago Industries Inc. on Thursday reported earnings of $12.9 million in its fiscal fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. Analysts expected $243.7 million, according to Zacks.

  • US auto sales expected to hit record high in 2015 Wednesday, 15 Oct 2014 | 8:15 PM ET
    Shoppers at the Toyota of Deerfield dealership, Deerfield Beach, Fla.

    J.D. Power and Associates says that sales of new cars and trucks at U.S. auto dealerships will climb to 13.83 million in 2015.

  • Toyota recalls Lexuses in US for fuel leak risk Wednesday, 15 Oct 2014 | 1:27 PM ET

    DETROIT— Toyota is recalling about 423,000 older-model Lexus luxury cars in the U.S. because a gasket can leak fuel and possibly cause a fire. The move is among three global recalls that Toyota announced Wednesday totaling about 1.7 million vehicles. The Lexus recall is part of a larger recall of 759,000 cars that also covers the Crown Majesta, Crown and Mark X in...