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Automobiles and Components


  • BRUSSELS, May 5- EU regulators will miss a June deadline to decide whether tax deals granted by individual member states to companies including Apple and Starbucks are legal because they lack some data, the EU's antitrust chief said on Tuesday. The investigations launched last year centre on Luxembourg's tax rulings for carmaker Fiat Chrysler and online...

  • *VW announces new truck holding to align MAN, Scania. HANOVER, Germany, May 5- Volkswagen said it would try to find a new chairman quickly and announced a long-planned tie-up of its truck brands, seeking to return the focus to business following the carmaker's shock ouster of former patriarch Ferdinand Piech. VW, Europe's biggest carmaker, is cutting costs at its...

  • FRANKFURT, Germany— Volkswagen's CEO said the company is tackling its problems in the wake of a leadership struggle and promised progress on lowering costs and raising profitability. Martin Winterkorn said the company's new assembly technology was being deployed on more and more models and would bring lower costs and more production flexibility.

  • KANSAS CITY, Kan., May 4- General Motors Co's chief executive said on Monday she is confident the company will convince investors of the value of holding on to GM's stock, which has dropped nearly 9 percent since mid-March despite a $5 billion share buyback plan. The company makes its profit in North America and in China, where margins are likely to be squeezed.

  • Small SUVs, big sales   Monday, 4 May 2015 | 2:52 PM ET
    Small SUVs, big sales

    CNBC's Phil LeBeau discusses why small SUVs and cross over utility vehicles have become so popular.

  • GM ignition switch death toll switches rises to 97 Monday, 4 May 2015 | 10:54 AM ET

    NEW YORK— Families of at least 97 people killed in crashes caused by defective General Motors ignition switches will get compensated by the automaker. Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the total on Monday. The fund received 4,342 claims by the Jan. 31 deadline, and about 15 percent of the claims are still under review.

  • A lower price for Chevy Volt   Monday, 4 May 2015 | 7:00 AM ET
    A lower price for Chevy Volt

    General Motors is cutting Chevy Volt prices in a bid to boost sales.

  • Victory for small SUVs   Monday, 4 May 2015 | 7:00 AM ET
    Victory for small SUVs

    Small SUVs have overtaken sedans as the country's most popular vehicle.

  • America's new favorite: Small SUVs and crossovers Monday, 4 May 2015 | 4:00 AM ET
    A Ford Escape is seen on a dealerships lot on September 26, 2014 in Miami, Florida.

    Small SUVs and compact crossover utility vehicles are now the most popular new vehicles in the U.S. according to analysis by TrueCar.

  • AMSTERDAM, May 4- Dutch navigation company TomTom aims to become a main provider of technology for self-driving cars as it charts its way back to success after seven lean years, chief executive Harold Goddijn said. Goddijn told Reuters that an overhaul of TomTom's digital mapping architecture lies behind a renaissance that has seen its automotive division...

  • BEIJING/ NEW DELHI, May 4- General Motors aims to grab at least 5 percent market share in India within the next decade, as it sees that market overtaking Japan as the world's third biggest with projected annual sales of 8 million vehicles by 2025.. The Detroit carmaker, which is losing money in India even after 18 years there, will unleash a product blitz aimed at...

  • Ford axes plan for car with heart attack sensor Sunday, 3 May 2015 | 5:43 PM ET
    A file photo of a Ford car seat

    Ford has abandoned a project to develop driving seats that can detect heart attacks, blaming cheaper and more accurate wearable tech, FT reports.

  • DETROIT— General Motors is knocking nearly $1,200 off the price of the 2016 Chevrolet Volt plug-in hybrid car. The company says the new Volt will start at $33,995 including shipping when it goes on sale in the fall. The current version costs $35,170.

  • DETROIT, May 3- Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead. Auto executives say the industry is as healthy as it's been since being restructured in 2009. But judging by the recent stock performance of General Motors Co, Ford Motor Co and Fiat Chrysler Automotive, investors have a less...

  • TORONTO, May 1- General Motors Co jumped to the top of the Canadian sales rankings for April as it sold 15 percent more cars and trucks than a year earlier, the company said on Friday, winning a crown usually held by its rivals. "Despite the troubling oil industry in Canada, vehicle companies reported an all-time best April in sales in the Canadian automotive history,"...

  • Top selling vehicles in the US in April Friday, 1 May 2015 | 4:42 PM ET

    Automakers released April U.S. auto sales on Friday.

  • DETROIT, May 1- U.S. auto industry sales in April came in below expectations as Asia's major carmakers' results disappointed, offsetting strong gains for trucks and SUVs made by General Motors and Ford. Sales reported on Friday by Japan's Nissan, Toyota and Honda, as well as the combined results for South Korea's Hyundai and its Kia affiliate, all missed...

  • TORONTO, May 1- General Motors Co jumped to the top of the Canadian sales rankings for April as it sold 15 percent more cars and trucks than a year earlier, the company said on Friday, winning a crown usually held by its rivals. In recent years, Ford Motor Co or Fiat Chrysler Automobiles' have typically led the Canadian market. The news came as automakers reported strong...

  • April's auto sales a little shy   Friday, 1 May 2015 | 3:02 PM ET
    April's auto sales a little shy

    CNBC's Phil LeBeau reports auto sales in April were 16.45 million, according to Autodata.

  • Group 1 Automotive: Escaped low oil impact   Friday, 1 May 2015 | 2:47 PM ET
    Group 1 Automotive: Escaped low oil impact

    Earl Hesterberg, Group 1 Automotive CEO, discusses positive trends in the car market, the impact of lower oil prices and the demand for more space in the car.