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Automobiles and Components

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  • May 21- Industry consultancies JD Power& Associates and LMC Automotive said they expect U.S. new vehicle retail sales for May to rise 2 percent to their highest level since August 2014. New car retail sales are forecast to touch 1.3 million in May on a selling-day adjusted basis, JD Power and LMC Automotive said on Thursday. "May's selling rate is making up for a...

  • The chipmaker making a push into self-driving cars Thursday, 21 May 2015 | 12:00 PM ET
    Jen-Hsun Huang, co-founder and chief executive office of Nvidia Corp., speaks during a press conference.

    Graphics processor maker Nvidia remains best known for powering video games rather than playing with tech titans like Google and potentially Apple.

  • DETROIT— Exploding air bags made by Takata Corp. are so dangerous that U.S. safety regulators want to manage a massive recall so cars can be fixed faster. "The number of impacted vehicles and manufacturers in combination with the supply issues related to these air bag recalls adds a previously unprecedented level of complexity to this recall," NHTSA...

  • FRANKFURT, May 21- Germany's premium carmakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to increase their firepower to acquire Nokia's mapping unit HERE, according to two people familiar with the matter. Finland's Nokia started a strategic review of its maps business last month, setting in motion an auction process that...

  • Advance Auto Parts misses Street 1Q forecasts Thursday, 21 May 2015 | 8:45 AM ET

    ROANOKE, Va. _ Advance Auto Parts Inc. on Thursday reported first-quarter profit of $148.1 million. Advance Auto Parts expects full-year earnings in the range of $8.10 to $8.30 per share. Advance Auto Parts shares have dropped almost 6 percent since the beginning of the year.

  • TOKYO, May 21- The lower house of parliament on Thursday approved former Toyota Motor Corp executive Yukitoshi Funo to join the Bank of Japan's divided policy board, a move seen as supportive of Governor Haruhiko Kuroda's push for radical stimulus. Funo, a 68- year-old adviser to the auto giant, would replace Yoshihisa Morimoto, a former utility executive who...

  • *Some automakers explore Takata's rivals for replacement parts. *Takata shares fall 10 pct in Tokyo. DETROIT, May 20- Takata Corp's record U.S. recall of potentially deadly air bag inflators could take years to complete, industry experts and safety advocates said, as automakers scrambled to line up replacement parts, some not from Takata.

  • Corporate jet makers eye revival led by North America Wednesday, 20 May 2015 | 6:10 PM ET

    GENEVA, May 21- Business jet makers, hit badly by the financial crisis, expect an upturn in mature economies such as the United States will encourage companies to once again buy new corporate planes or replace aging jets, executives said this week. Many companies in North America and Europe, from carmakers to banks and tech firms, scaled back usage or sold their...

  • TIMELINE-Takata air bag recalls since 2008 Wednesday, 20 May 2015 | 2:24 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • DETROIT, May 20- Takata Corp said on Wednesday it plans to boost production of parts needed to replace potentially deadly air bag inflators that could spray vehicle occupants with metal shards. Takata's air bag inflators have been found to explode with too much force, spraying metal fragment inside cars and have forced automakers to recall more than 53 million...

  • Spark electric car's price sparks a sales run Wednesday, 20 May 2015 | 12:01 PM ET

    Chevrolet lowered the starting retail price for the plucky subcompact electric car to $25,995 last month, making it the lowest-priced 2015 electric car with two rows of seats offered in the U.S. by a major auto manufacturer. With the $7,500 tax credit, the purchase price can wind up at just $18,495— akin to the price of a gasoline-powered small car like the Honda...

  • Camaro crash caught on camera   Wednesday, 20 May 2015 | 6:47 AM ET
    Camaro crash caught on camera

    An auto industry writer crashes a new Camaro while taking a hard turn at the Belle Isle Race Track in Detroit.

  • What you need to know about the Takata air bag recall Wednesday, 20 May 2015 | 12:02 AM ET

    DETROIT— A recall of air bags made by Japanese auto parts supplier Takata Corp. now has the dubious distinction of being the largest in U.S. history. A: Honda has the most vehicles equipped with Takata air bags. Dozens of models made by BMW, Chrysler, Ford, General Motors, Mazda, Mitsubishi, Nissan, Saab, Subaru and Toyota dating to the 2001 model year are also affected.

  • Tracking Takata's crisis management   Tuesday, 19 May 2015 | 11:08 PM ET
    Tracking Takata's crisis management

    Scott Upham, founder, president & chief executive officer at Valient Market Research, says the reluctance of Takata's management to go for a full-scale recall and a series of PR mishaps have damaged the firm's corporate reputation.

  • DETROIT— The U.S. government's highway safety agency has become more aggressive in enforcing auto safety rules and Fiat Chrysler and the industry will have to adjust, the company's CEO said Tuesday. Sergio Marchionne, who leads the company, told reporters that Fiat Chrysler will cooperate with the National Highway Traffic Safety Administration and answer...

  • RPT-TIMELINE-Takata air bag recalls Tuesday, 19 May 2015 | 7:16 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • Takata's airbag recall will be biggest in US history

    Karl Brauer, senior director, Insights at Kelley Blue Book, discusses news that air bag manufacturer Takata is doubling the number of vehicles that need to be recalled in the U.S.

  • Tracking down Takata car owners   Tuesday, 19 May 2015 | 4:38 PM ET
    Tracking down Takata car owners

    CNBC's Phil LeBeau, and Jack Nerard, Kelley Blue Book, discuss Takata's huge recall of more than 33 million vehicles with defective airbags, and how car owners can find out if their car is involved.

  • WASHINGTON/ DETROIT, May 19- Japanese air bag manufacturer Takata Corp is doubling a recall of air bags to nearly 34 million vehicles, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday. The recall, which still does not identify the cause of the problem, involves passenger and driver-side air bags in vehicles made by...

  • WASHINGTON/ DETROIT, May 19- Japanese air bag manufacturer Takata Corp has agreed to declare nearly 34 million vehicles defective due to problems with air bag inflators, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday. Transportation Secretary Anthony Foxx said NHTSA also issued a consent order to Takata,...