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Automobiles and Components

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  • US adds 2 models to probe of Ford door latches Tuesday, 3 Mar 2015 | 12:13 PM ET

    DETROIT— U.S. safety regulators are adding two models to an investigation of Ford Motor Co. door latches that may not close properly. The National Highway Traffic Safety Administration said Tuesday it's including the 2013 Ford Fusion and Lincoln MKZ midsize cars to the probe of latches on 2011-2013 Ford Fiesta compact cars. The investigation now covers...

  • GENEVA— Russia's sinking economy is putting up a major hurdle for Ford Motor Co. and General Motors as the U.S. automakers fight to return to profitability in Europe after years of losses. He added that the company wasn't giving up on its goal of returning to profit in Europe in 2016, and that it would work to make earnings in other regions make up for diminished...

  • Toyota Feb. sales up 13.3% vs. 16.0% est.  Tuesday, 3 Mar 2015 | 10:47 AM ET

    CNBC's Phil LeBeau breaks down Toyota's February's sales figures, just shy of expectations.

  • DETROIT— U.S. safety regulators are investigating reports of steering problems that could affect up to 1,500 Pierce fire trucks nationwide. The National Highway Traffic Safety Administration says the probe covers trucks made since the 2004 model year. Also, the agency cited media reports of wheels falling off trucks three times the Baltimore area.

  • DETROIT, March 3- For the second year in a row, ferocious winter weather slowed U.S. vehicle sales in February, with several major automakers missing analysts' projections and dampening bullish expectations. The lackluster sales reported on Tuesday were "likely due to inclement weather," said Joseph Amaturo of Buckingham Research Group, who expects "any lost...

  • GM sales up 4.2% vs. 3.6% est.  Tuesday, 3 Mar 2015 | 9:31 AM ET

    CNBC's Phil LeBeau breaks down February's sales figures for General Motors.

  • *BMW group sales up 7 pct in Feb.- CEO. GENEVA, March 3- The new boss of BMW will have to cope with the rise of electric cars, automated driving and new competitors, as well as the traditional uncertainties over consumer demand and fuel prices, its outgoing CEO said on Tuesday. Technological changes can often wrongfoot entire industries, Norbert Reithofer told a...

  • Ford Feb. sales down 1.9% vs. estimate  Tuesday, 3 Mar 2015 | 9:19 AM ET

    CNBC's Phil LeBeau breaks down Ford's "lackluster" February's sales figures.

  • Super cars for the super rich  Tuesday, 3 Mar 2015 | 8:52 AM ET

    CNBC's Robert Frank takes a look at some of the top 2015 luxury releases at the Geneva Motor Show.

  • DETROIT, March 3- Fiat Chrysler Automobiles on Tuesday reported that U.S. February sales rose 6 percent, which missed analysts' expectations and put into question the bullish outlook for monthly industry sales. The 48 economists polled by Thomson Reuters, on average, expected U.S.

  • US auto sales up in February despite snowy weather Tuesday, 3 Mar 2015 | 8:10 AM ET

    DETROIT— Freezing temperatures and drifts of snow took a small bite out of U.S. auto sales in February, but most automakers still reported gains thanks to the strong economy. Chrysler, General Motors, Honda and Nissan all saw gains of 6 percent or less. The forecasting firm LMC Automotive pushed up its 2015 forecast by 40,000 vehicles, based on strong demand.

  • DETROIT, March 3- Fiat Chrysler Automobiles reported that U.S. February sales rose 6 percent, which missed analysts' expectations and put into question the bullish outlook for monthly industry sales. Fiat Chrysler's U.S. arm said it expects the auto industry to record seasonally adjusted annualized sales of 16.5 million vehicles for February, which does not...

  • Lamborghini, driving extreme to the limit: CEO  Tuesday, 3 Mar 2015 | 7:54 AM ET

    CNBC's Phil LeBeau talks with Stephan Winkelmann, Lamborghini president & CEO, about the automaker's new super sport car.

  • GENEVA, March 3- Fiat Chrysler Automobiles may create a Netherlands- based holding company controlling Ferrari when it spins off the luxury carmaker later this year, FCA Chief Executive Sergio Marchionne said on Tuesday. Speaking at the Geneva auto show, Marchionne stressed the move would not be for tax reasons, but is meant to facilitate Ferrari's planned...

  • BMW AG CEO Norbert Reithofer said Tuesday at the Geneva International Motor Show that his company cannot do without battery-powered vehicles such as its i3 urban compact. Only about 75,000 of the 12.5 million vehicles sold last year in Europe were electrics or hybrids. Still, auto companies have sunk billions into developing alternative propulsion...

  • GENEVA, March 3- German car and truck maker Daimler is not afraid of new competitors from the technology and telecoms industries, Chief Executive Dieter Zetsche said on Tuesday. "There is tremendous opportunity in the convergence of the West Coast tech industry and the auto industry with its huge technological depth," Zetsche said at the Geneva auto show.

  • GENEVA, March 2- Aston Martin on Tuesday announced plans for a luxury crossover SUV that may draw more heavily on its partnership with Daimler, as the British sports car maker confirmed moves to raise more capital and expand into new vehicle categories. Aston has secured about 150 million pounds in additional funding, Chief Executive Andy Palmer said in an...

  • Volvo to roll out autonomous car: CIO  Tuesday, 3 Mar 2015 | 4:00 AM ET

    Klas Bendrik, CIO of Volvo, discusses the carmaker's development of its autonomous car and its new partnership with Ericsson.

  • Russia puts the brake on global car giants Tuesday, 3 Mar 2015 | 3:16 AM ET

    The Russian car market could take up to five years to recover from the country's economic volatility, leaders in the global auto industry believe.

  • GENEVA, March 3- Europe's carmakers are benefiting from robust demand for passenger cars in most of Europe although the slumping Russian market continues to cast a shadow, making forecasts increasingly difficult, the Chief Executives of Opel and Volkswagen said. The Russian market, once the third largest for General Motors in Europe, is massively down and GM...