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Automobiles and Components

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  • Stealing luxury cars     Thursday, 24 Jul 2014 | 1:30 PM ET

    CNBC's Andrea Day has the story on car theft rings targeting high-end brands, which send vehicles to countries in West Africa where demand is high and supply is low.

  • Auto & airline earnings: GM, F, AAL & more     Thursday, 24 Jul 2014 | 1:10 PM ET

    CNBC's Phil LeBeau reports the earnings from General Motors, Ford, American Airlines and Southwest.

  • UPDATE 1-Fiat and Peugeot dismiss latest tie-up report Thursday, 24 Jul 2014 | 12:11 PM ET

    MILAN/ LONDON, July 24- PSA Peugeot Citroen and Fiat Chrysler denied a Financial Times report on Thursday that the companies were preparing a merger to create the world's fifth-largest carmaker.

  • Ford CFO: Will deliver 2015 Europe profit     Thursday, 24 Jul 2014 | 11:10 AM ET

    CNBC's Phil LeBeau speaks to Bob Shanks, Ford Motor Company CFO, about the automaker's better-than-expected profits and performance in Europe.

  • Ford sets North American record     Thursday, 24 Jul 2014 | 10:17 AM ET

    CNBC's Phil LeBeau breaks down the quarterly performance of General Motors and Ford Motor Company. LeBeau says Ford reported a record $2.44 billion quarterly profit in North America.

  • GM CFO: No cap on compensation program     Thursday, 24 Jul 2014 | 7:52 AM ET

    CNBC's Phil LeBeau talks with General Motors CFO Chuck Stevens about GM's Q2 results and the $400 million fund the company set aside for the ignition switch recall. Ultimately the cost of the program will be independently determined by Ken Feinberg, says Stevens.

  • GM profit 2Q falls 85 pct. on recall costs Thursday, 24 Jul 2014 | 7:35 AM ET

    DETROIT— Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes. Without one-time items GM would have made 58 cents per share, equaling Wall Street's expectations, according to data provider FactSet.

  • GM takes whopping special charges     Thursday, 24 Jul 2014 | 7:30 AM ET

    CNBC's Phil LeBeau takes a look at General Motor's quarterly numbers, which came in shy on earnings and revenues.

  • LONDON, July 24- Luxury carmaker Bentley, part of Germany's Volkswagen, expects to increase sales volumes this year by less than previously forecast, Chief Executive Wolfgang Duerheimer said on Thursday.

  • Gauging auto sector strength     Thursday, 24 Jul 2014 | 6:45 AM ET

    What's hurting Hyundai is helping Detroit, says Paul Ingrassia, Reuters managing editor, sharing his thoughts on Ford's better-than-expected earnings, and providing an outlook on the auto industry.

  • Ford posts record quarterly profits     Thursday, 24 Jul 2014 | 6:30 AM ET

    CNBC's Phil LeBeau breaks down the automaker's Q2 results of EPS $0.40 ex-items on revenues of $35.3 billion.

  • What to expect from GM and Ford     Thursday, 24 Jul 2014 | 5:50 AM ET

    Itay Michaeli, auto analyst at Citi, discusses General Motors (GM) and Ford ahead of their quarterly results. He says GM's outlook for the rest of the year should be pretty positive on the back of strong U.S. results.

  • Hyundai Motor's 2Q profit dips due to strong won Thursday, 24 Jul 2014 | 1:47 AM ET

    Despite selling more cars, Hyundai said its bottom line was hit by the sharp rise of the South Korean won. Those two models have been popular in South Korea, helping Hyundai win back some ground after taking a hit last year from greater available of foreign cars.

  • GM: 6 more recalls on nearly 718,000 US vehicles Wednesday, 23 Jul 2014 | 2:05 PM ET
    A General Motors logo at the General Motors Technical Center, June 5, 2014 in Warren, Michigan.

    General Motors announced on Wednesday six more safety recalls on 717,950 U.S. vehicles.

  • GM issues 6 more safety recalls Wednesday, 23 Jul 2014 | 1:41 PM ET

    DETROIT— General Motors issued six more recalls on Wednesday, bringing its annual total to 60 recalls covering almost 30 million vehicles.

  • The Stuttgart- based maker of cars and trucks has been trying to bounce back after rival Audi eclipsed Mercedes in 2011 as the world's second biggest luxury car maker behind BMW.

  • European shares propped up by chemical and car stocks Wednesday, 23 Jul 2014 | 10:03 AM ET

    *Investors keeping wary eye on Ukraine crisis. LONDON, July 23- Higher profits at carmaker Daimler and chemicals group Akzo Nobel lifted European shares on Wednesday, offsetting concerns about tighter Western sanctions on Russia over the Ukraine crisis.

  • OTTAWA, July 23- Strong car sales helped push Canadian retail trade up by 0.7 percent in May to C $41.98 billion, eclipsing April's record sales, Statistics Canada reported on Wednesday. Sales by motor vehicle and parts dealers, which account for just under one quarter of total retail sales, were up 2.5 percent.

  • Daimler, Akzo Nobel prop up European equities Wednesday, 23 Jul 2014 | 6:32 AM ET

    *Investors keeping wary eye on Ukraine crisis. LONDON, July 23- Forecast-beating earnings from carmaker Daimler and chemicals group Akzo Nobel lifted European shares on Wednesday, offsetting concerns about a ramping up of sanctions against Russia over the Ukraine crisis.

  • Daimler revenue up; profit drops after 1-time gain Wednesday, 23 Jul 2014 | 2:00 AM ET

    BERLIN— Automaker Daimler AG reported a 6 percent increase in second-quarter revenue and confirmed its full-year targets on Wednesday as new models and cost-cutting efforts helped its performance, though net profit declined sharply after a big one-time gain last year.