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Automobiles and Components

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  • Recalls this week: Arctic Cat all-terrain vehicles Friday, 24 Oct 2014 | 3:33 PM ET

    Certain models of Arctic Cat's all-terrain vehicles are being recalled because a component failure can cause a loss of control. DETAILS: Model year 2008 and 2009 Arctic Cat single-rider and 2 UP style ATVs. They were sold at Arctic Cat dealers nationwide from May 2007 to October 2014.

  • Ford's big F-Series bet     Friday, 24 Oct 2014 | 2:52 PM ET

    Discussing Ford's lackluster earnings and the focus on its new F-Series, with CNBC's Phil LeBeau.

  • TORONTO, Oct 24- Ford Motor Co has rejected a pitch to make a new investment in its Windsor, Ontario, plants and decided to put the money in Mexico as the company originally planned, the head of Canada's main auto workers' union said on Friday. In a release, Unifor said the program would have created 1,000 new jobs in Windsor, one of Canada's auto manufacturing hubs,...

  • WASHINGTON/ DETROIT, Oct 24- The U.S. House committee looking into the defective air bags made by Japanese supplier Takata Corp will hold an initial briefing with U.S. safety regulators next week to learn the details of the regional recalls affecting 10 automakers, a committee aide said on Friday. The committee has not requested any documents on Takata at this...

  • TORONTO, Oct 24- Ford Motor Co has rejected a proposal to invest in engine plants in Windsor, Ontario, and decided to put the money in Mexico as the automaker originally planned, the head of Canada's main auto workers' union said on Friday. Unifor President Jerry Dias told Reuters a "last-minute" effort was made to divert program to Canada, but failed.

  • WASHINGTON/ DETROIT, Oct 24- The U.S. House committee looking into the defective air bags made by Japanese supplier Takata Corp will hold an initial briefing with U.S. safety regulators next week to learn the details of the regional recalls affecting 10 automakers, a committee aide said on Friday. NHTSA opened an investigation in June into the regional recalls...

  • Ford's mixed quarter & Europe     Friday, 24 Oct 2014 | 11:15 AM ET

    CNBC's Phil LeBeau speaks to Bob Shanks, Ford Motor Company CFO, about the automaker's quarterly earnings results and the impact of the European economy on profits.

  • David Shepardson, The Detroit News, discusses the enormous task of fixing millions of defective airbags.

  • Oct 24- Delphi Automotive Plc reported a better-than-expected quarterly profit as demand for its auto parts rose in Asia and North America. Delphi's revenue grew 9 percent in Asia and 6 percent in North America in the third quarter ended Sept. 30. Delphi benefited also from its restructuring activities in Europe and South America.

  • Oct 24- Lear Corp, a maker of auto seats and electrical power systems, reported a better-than-expected rise in quarterly profit and raised its 2014 earnings forecast, reflecting robust vehicle production in North America and Europe. Lear, whose customers include General Motors Co and Ford Motor Co, raised its full-year adjusted profit forecast to $640- $655...

  • Ford earnings beats, helped by truck, SUV sales Friday, 24 Oct 2014 | 7:32 AM ET
    A Ford Escape is seen on a dealerships lot on September 26, 2014 in Miami, Florida.

    Ford Motor delivered quarterly earnings that surpassed analysts' expectations on Friday, but revenue was light.

  • Oct 24- Delphi Automotive Plc reported a 12.5 percent rise in quarterly profit as demand for its auto parts rose in Asia and North America. Net income attributable to Delphi rose to $305 million, or $1.02 per share, in the third quarter ended Sept. 30 from $271 million, or 87 cents per share, a year earlier. Excluding items, Delphi earned $1.16 per share.

  • Ford beats the Street by a nickel     Friday, 24 Oct 2014 | 7:00 AM ET

    CNBC's Phil LeBeau breaks down the automaker's quarterly numbers on EPS of $0.24 v. $0.19 estimates on revenues of $32.9 billion.

  • Truck maker Volvo profits rise amid mixed market Friday, 24 Oct 2014 | 6:28 AM ET

    STOCKHOLM— Swedish truck maker AB Volvo says net profit in the third quarter rose slightly to 1.6 billion kronor in a mixed economic environment. Volvo, which also makes buses, engines and construction equipment, said sales grew slightly from last year to 67.2 million kronor. CEO Olof Persson said in a statement the heavy-duty trucks forecast for 2015 will be the...

  • Stronger won hits Kia Motors 3Q profit Friday, 24 Oct 2014 | 12:23 AM ET

    SEOUL, South Korea— South Korea's second-largest car maker Kia Motors Corp. said Friday its third-quarter income plunged 27 percent from a year earlier as a stronger won dented profit. The earnings come a day after Kia's bigger affiliate Hyundai Motor Co. also said the stronger local currency hurt its last quarter's earnings while Japanese rivals including...

  • Honda exec says will keep doing business with Takata Thursday, 23 Oct 2014 | 11:47 PM ET

    TOKYO, Oct 24- Honda Motor Co will continue to do business with Takata Corp, a senior executive at Japan's third largest automaker said on Friday, even as defective Takata airbags threaten to expand a recall already affecting 5 million Honda cars in the United States. Senior Managing Officer Yoshiharu Yamamoto, also head of Honda's research and development unit,...

  • TOKYO, Oct 24- Toyota Motor Corp said on Friday it had sold some of its shares in Tesla Motors Inc but that it would continue to study possible cooperation with the U.S. electric car maker in the future. Toyota, the world's biggest automaker, invested $50 million in the Palo Alto-based startup in May 2010 ahead of Tesla's initial public offering in June that year.

  • Takata airbag recall: Why it matters     Thursday, 23 Oct 2014 | 9:47 PM ET

    Karl Brauer, Senior Analyst at Kelley Blue Book, says the incident could be an opportunity for other airbag makers. He later discusses the scrutiny over product recalls in the automobile sector.

  • WASHINGTON, Oct 23- Two U.S. senators demanded Thursday that safety regulators issue a nationwide recall of automobiles with potentially defective air bags that can launch metal shards into occupants. Senators Richard Blumenthal of Connecticut and Edward Markey of Massachusetts, both Democrats, said the National Highway Traffic Safety Administration...

  • JAKARTA/ SINGAPORE, Oct 24- Honda Motor's Mobilio, a spacious yet affordable multi-purpose vehicle, has nearly doubled its market share this year, triggering a price war with Toyota Motor in Indonesia, the latest battleground for global carmakers. Toyota and its Daihatsu Motor affiliate have long enjoyed a more than 50 percent market share in Indonesia- where...