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Automobiles and Components

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  • 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...

  • WASHINGTON, March 2- Cars or trucks subject to industry recalls would have to be repaired before the vehicles could be registered under a new bill introduced in the U.S. Senate on Monday. The legislation, sponsored by Democratic Senators Edward Markey of Massachusetts and Richard Blumenthal of Connecticut, is the latest congressional response to the deadly...

  • Five of GM's settlement offers have been rejected Monday, 2 Mar 2015 | 6:00 PM ET
    Shop foreman John Chapman performs a service recall on a General Motors 2005 Saturn Ion at Liberty Chevrolet in New Hudson, Michigan, U.S., on Friday, April 25, 2014.

    Seven months after the GM ignition switch victim compensation fund started accepting applications, five offers have been rejected.

  • DETROIT, March 2- General Motors Co wants to boost the U.S. market share for its GMC truck brand by two-thirds over the next decade by advertising more heavily and introducing new vehicles, a top executive said on Monday. To help with its goal to boost its share to 5 percent from about 3 percent now, it is almost doubling spending on the brand in that time frame,...

  • DETROIT, March 2- Berkshire Hathaway Chief Executive Warren Buffett, one of the largest shareholders in General Motors Co, said on Monday he would be wary of putting former U.S. autos task force member Harry Wilson or anyone else on the company's board if the focus was on the short-term performance of the automaker. In a statement to CNBC, Wilson said he is not a...

  • Buffett backs Barra in General Motors board battle Monday, 2 Mar 2015 | 1:07 PM ET
    General Motors Chief Executive Officer Mary Barra

    Warren Buffett also says it's a bad idea for GM's board to include a director who will be compensated by a group of hedge funds that own a stake.

  • DETROIT, March 2- Warren Buffett, Berkshire Hathaway's billionaire chief executive and one of the largest shareholders in General Motors Co, told CNBC on Monday he disagrees with putting former U.S. auto task force member Harry Wilson on the automaker's board. Berkshire Hathaway owned 2.55 percent of GM's shares at the end of last year, according to documents...

  • BMW: Russian market holding up  Monday, 2 Mar 2015 | 11:10 AM ET

    Ian Robertson, member of the board of management at BMW, weighs in on BMW's markets, in particular Russia, Europe and China.

  • Russia casts cloud over Europe’s auto optimism Monday, 2 Mar 2015 | 9:58 AM ET

    Despite the improving backdrop for Europe's auto industry, manufacturers are keeping an eye on the uncertainty in Russia

  • Volkswagen Passat wins car of the year award Monday, 2 Mar 2015 | 9:49 AM ET

    GENEVA— The large family car Volkswagen Passat has been voted car of the year by European automotive editors at the Geneva International Motor Show. German Volkswagen's four-door sedan beat six other finalists including Citroen's C4 Cactus, Renault's Twingo and the BMW 2- Series Active Tourer. The Passat succeeds Peugeot's compact 308, which won last year.

  • Ghosn: Electric cars are the future  Monday, 2 Mar 2015 | 4:00 AM ET

    Carlos Ghosn, CEO of Renault-Nissan, discusses industry outsiders entering the auto space -- in particular Apple.

  • NEW YORK, March 2- AT&T Inc will link its connected car and smart home technologies to bolster its foothold in the fast-growing market for Internet-connected devices, a new battleground for the company and rivals ranging from Verizon to Google Inc.. The wireless company's home security and automation service "Digital Life" and connected car service "Drive" will...

  • DETROIT, March 2- Qualcomm Inc, a maker of smartphone chips and software, unveiled on Monday fourth-generation LTE modems that will enable cars to stay better-connected wirelessly to cloud-based services via the Web. Qualcomm's Snapdragon X12 and X5 modems are designed to be embedded in cars and work with owners' mobile devices to access a variety of Internet...

  • GENEVA, March 2- The main talking point at this week's Geneva car show is likely to be a vehicle that may never be built: the Apple car. Thilo Koslowski, vice president automotive at technology market research firm Gartner, believes there is now a race between carmakers and tech companies to control the "brain" of next generation vehicles. The ability of software...

  • Dutch chipmaker NXP Semiconductors N.V. said Sunday it had agreed to buy its smaller rival Freescale Semiconductor Ltd. for $11.8 billion in a deal that will make it the biggest supplier of microchips to the automotive industry. The deal pays Freescale shareholders only a small premium over Freescale's $11.1 billion market value, based on Friday's closing...

  • GENEVA, March 1- The main talking point at this week's Geneva car show is likely to be a vehicle that may never be built: the Apple car. Thilo Koslowski, vice president automotive at technology market research firm Gartner, believes there is now a race between carmakers and tech companies to control the "brain" of next generation vehicles. The ability of software...

  • GENEVA, March 1- The main talking point at this week's Geneva car show is likely to be a vehicle that may never be built: the Apple car. Thilo Koslowski, vice president automotive at technology market research firm Gartner, believes there is now a race between carmakers and tech companies to control the "brain" of next generation vehicles. The ability of software...

  • PARIS, March 1- The mass-market convertible car emits its last gasp this week at a Geneva motor show bristling with sport utility vehicles and low-cost models-- more evidence of the pragmatism of European consumers marked by years of austerity. Mainstream brands from Peugeot to Volkswagen are quietly axing cabriolets, as customers with cash to spend...

  • NEW YORK— Hyundai is recalling about 263,000 cars in the U.S. and Canada because a sensor problem could cause drivers to lose power-assisted steering. The affected cars include model years 2008 to 2010 of Elantras made between June 1, 2008 and April 30, 2010 and Elantra Touring vehicles made between Nov. 1, 2008 and April 30. The recall includes nearly 205,000...