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Automobiles and Components

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  • 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.

  • Pay attention! Your car is watching you Tuesday, 27 Jan 2015 | 11:13 AM ET

    Eye-monitoring systems are quickly becoming a focus for automakers and suppliers, to keep drivers from getting distracted.

  • Jan 27- AK Steel Holding Corp, the fourth-largest U.S. steelmaker by market capitalization, reported a better-than-expected quarterly profit, helped by strong demand from automakers. AK Steel makes flat-rolled carbon, stainless and electrical steels, and tubular products for car makers, industrial and construction companies and utilities.

  • Volkswagen, Audi, Porsche issue recalls for fuel leaks Tuesday, 27 Jan 2015 | 9:25 AM ET

    DETROIT— Audi, Volkswagen and Porsche are recalling more than 93,500 cars and SUVs worldwide to fix fuel leak problems. The recalls cover the Audi A6 and Volkswagen Touareg hybrid from the 2012 model year, the Audi A7 from 2012 and 2013, and the Audi Q7, S4 and S5 from 2011 through 2012. All the vehicles have 3- liter V-6 engines, according to documents posted Tuesday...

  • Oshkosh tops 1Q profit forecasts Tuesday, 27 Jan 2015 | 7:30 AM ET

    OSHKOSH, Wis. _ Oshkosh Corp. on Tuesday reported fiscal first-quarter profit of $34.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. Oshkosh expects full-year earnings in the range of $4 to $4.25 per share.

  • Toyota's move to merit-based pay is right: Pro  Monday, 26 Jan 2015 | 8:38 PM ET

    Karl Brauer, Senior Director, Insights at Kelley Blue Book, discusses news that Toyota Motor is changing the way it pays factory workers, in a bid to attract young talent.

  • DETROIT— With only five days left before the deadline to seek payments, compensation expert Kenneth Feinberg has decided that 50 death cases are eligible for money due to crashes caused by faulty General Motors ignition switches. Feinberg, who was hired by the automaker to handle death and injury claims, released new totals on Monday. Last year the company set...

  • Soros eyes auto sweet spot  Monday, 26 Jan 2015 | 8:43 AM ET

    CNBC's Phil LeBeau reports billionaire investor George Soros may snap up a big stake in a large car dealership group.

  • Kia recalling nearly 87,000 Fortes because of fire risk Saturday, 24 Jan 2015 | 12:42 PM ET

    Kia Motors America is recalling nearly 87,000 of its 2014 Forte sedans because of faulty equipment that could cause the cars to catch fire. The recall notice issued Saturday affects Kia Fortes made from Dec. 5, 2012, through April 17, 2014. The recall by the South Korean automaker is expected to begin Feb. 24.

  • Volkswagen to recall 80,000 Audis; 35,000 in China Saturday, 24 Jan 2015 | 7:32 AM ET

    German car maker Volkswagen AG will recall 80,000 cars from its luxury division Audi, with around 35,000 of the affected vehicles from China.

  • Volkswagen to recall 80,000 Audis; 35,000 in China Saturday, 24 Jan 2015 | 6:00 AM ET

    BEIJING, Jan 24- German car maker Volkswagen AG will recall 80,000 cars from its luxury division Audi due to issues with the fuel injection system, Audi said on Saturday, adding that around 35,000 of the affected vehicles are from China. The cars were made between April 2011 and April 2012, and "in rare cases customers may notice a smell of fuel in affected vehicles,"...

  • For more than a year Ford has said its ability to get auto parts for its operations in Venezuela have been hampered by the valuation of the Venezuelan bolivar, and made the accounting change effective Dec. 31. General Motors Co, Clorox, Procter& Gamble, Baker Hughes and Brink's have also taken hits to their respective bottom lines in the past year because of the...

  • Atlantic City vs Detroit: Who is better off? Friday, 23 Jan 2015 | 5:22 PM ET

    Jan 23- "At least we're not Detroit," Atlantic City's Mayor joked just last week during his state of the city address. Yet by some measures, Atlantic City is in worse shape than Detroit, with which it shares such traits as a high poverty rate. While the Motor City's Big Three automakers emerged from crisis by the time Detroit was being restructured, Atlantic City's...

  • In the first major defection by a carmaker since Takata's safety crisis began, Honda, Takata's largest customer, will use air bags made by Toyoda Gosei for the all-new Accord, scheduled to go on sale in August 2017, the people told Reuters. Honda's decision to shift to a competitor for the most important vehicle in its largest market represents a major blow for...

  • *70 pct of cars bought on credit- Citi. LONDON, Jan 23- Shares in European carmakers powered to record highs on Friday as investors bet the European Central Bank's trillion-euro bond-buying plan would drive down the cost of car financing as well as boost eurozone companies' exports. Some 70 percent of cars in developed markets are bought on credit, according to...