GO
Loading...

Automobiles and Components

More

  • 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.

  • DEARBORN, Mich.— Ford Motor Co. is putting a tough year behind it and promising big things despite a bumpy global market. The Dearborn- based automaker's net income fell 56 percent to $3.2 billion in 2014. Sales were down slightly, to 6.32 million cars and trucks, and revenue dropped 2 percent to $144.1 billion. Ford plowed money into five new plants in Asia and racked...

  • 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...

  • By Yantoultra Ngui and Fransiska Nangoy KUALA LUMPUR/ JAKARTA, Jan 29- Indonesia narrowed the gap in car output with Thailand, Southeast Asia's automaking hub, to its smallest ever last year in percentage terms and is expected to overtake the Thai industry within a decade. Indonesia, Southeast Asia's largest economy, has already surpassed Thailand as the...

  • Deloitte, whose audit clients range from carmaker General Motors Co to investment bank Morgan Stanley, achieved total fees including consultancy work of $34.2 billion last year, giving it a $248 million lead over second-placed PwC, the annual International Accounting Bulletin World Survey said. Rob Tautges, chief executive of mid-tier firm HLB...

  • German automakers lobby for US-EU trade deal Wednesday, 28 Jan 2015 | 9:31 AM ET

    BERLIN— German automakers are throwing their support behind a new trade deal being negotiated between the European Union and the United States. Representatives from major car manufacturers like Daimler, BMW, Porsche and Volkswagen lobbied Wednesday for the deal at an event in Berlin. Organizer Matthias Wissmann, of the German Association of the Automobile...

  • Car industry heads lobby to drop tariffs between EU, US Wednesday, 28 Jan 2015 | 9:03 AM ET

    BERLIN, Jan 28- The heads of German car companies including BMW, Daimler and Audi lobbied politicians on Wednesday to reach a trade deal that could see tariffs dropped between the United States and the European Union. BMW boss Norbert Reithofer said around 40 percent of all cars produced are sold in Europe and the United States. Carmakers waste resources...

  • Fiat Chrysler profits drop but outlook brightens Wednesday, 28 Jan 2015 | 9:01 AM ET

    MILAN— The cost of buying the final stake of Chrysler weighed on the newly merged Fiat Chrysler Automobile's profits in the fourth quarter, but CEO Sergio Marchionne said Wednesday that the company is turning itself around. Not counting interest and taxes, earnings were in the black in all regions, which included a return to profits in Europe and Latin America.

  • DEARBORN, Mich.— Ford is recalling more than 221,000 cars and vans to fix problems with door latches and seat belts. The biggest recall covers nearly 205,000 Ford Taurus, Lincoln MKS and Police Interceptor models in North America from the 2010 to 2013 model years. Ford says a door latch spring can become unseated, allowing the door to unlatch in a side-impact crash.

  • *Model's revamp may cost up to 650 mln euros- analyst. BERLIN, Jan 28- With Volkswagen having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading a loss-making luxury saloon. The 76,000- euro Phaeton, a pet project of Chairman Ferdinand Piech, has never met VW's original sales...

  • SAN FRANCISCO, Jan 27- Freescale Semiconductor Ltd gave a revenue forecast for the current quarter above Wall Street's expectations, and its shares rose 12 percent in extended trade as its chief executive pointed to growing demand from automobile makers for its chips. Freescale makes chips used in a broad range of markets, including consumer products,...

  • Mercedes selects AM General to make SUVs in the US Tuesday, 27 Jan 2015 | 12:51 PM ET

    The R-Class, which comes with six or seven seats, was briefly sold in the U.S. but has been sold exclusively in China since 2013.. Mercedes doesn't release sales numbers for individual models in China, but in a presentation last year the company said it sold 12,700 R-Class SUVs in 2013.. Sales of its M-Class SUV, which is also made in Alabama, rose 13 percent.