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Automobiles and Components

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  • US retail sales rise in August on auto sales Friday, 12 Sep 2014 | 8:35 AM ET

    WASHINGTON— Auto buying drove U.S. retail sales higher in August, a possible sign that job growth in recent months has led to accelerated consumer spending. The Commerce Department said Friday that seasonally adjusted retail sales rose 0.6 percent compared with the prior month.

  • *To lift exports to 50 pct of India output over five years. NEW DELHI, Sept 12- Ford Motor Co plans to launch four new car models in India and is looking to increase the amount of locally-made parts to reduce the cost of its vehicles sold in the country, the head of its local unit said on Friday.

  • Ahead of the Bell: US Retail Sales Friday, 12 Sep 2014 | 6:31 AM ET

    WASHINGTON— The Commerce Department releases retail sales data for August. The report will come out Friday at 8:30 a.m. Eastern. SALES RISING: Economists forecast that retail sales rose 0.5 percent last month, according to a survey by the data firm FactSet.

  • Nikkei hits 8-month high as weak yen lifts exporters Thursday, 11 Sep 2014 | 10:16 PM ET

    *Nikon, Sumco, automakers lead gains. TOKYO, Sept 12- Japanese share prices rose for the fifth straight session to an eight-month high on Friday, with exporters leading the gains on the yen's weakness.

  • CARSON CITY, Nevada, Sept 11- Nevada lawmakers on Thursday moved forward a package of bills to provide $1.3 billion in tax breaks and other incentives to Tesla Motors, taking crucial steps toward clinching a deal for the electric car company to build a massive factory in the state.

  • Toyota recalling 130,000 Tundras for air-bag issue Thursday, 11 Sep 2014 | 4:30 PM ET

    Toyota is recalling 130,000 2014 Tundra pickup trucks to correct a problem with side air bags, the automaker's U.S. sales arm said Thursday.

  • Toyota recalls pickups to fix air bag problem Thursday, 11 Sep 2014 | 1:04 PM ET

    DETROIT— Toyota is recalling about 140,000 Tundra full-size pickup trucks because a plastic trim piece can interfere with the side air bags. The recall affects Crew-Max and Double Cab versions in the U.S., Mexico and Canada from the 2014 model year. The recall covers 130,000 Tundras in the U.S., 10,000 in Canada and 200 in Mexico, Toyota said in a statement.

  • NEW DELHI, Sept 11- General Motors Co is restructuring its India operation and evaluating its product portfolio, the U.S.-carmaker said on Thursday, as it looks to revive falling sales and increase market share in Asia's third-largest economy.

  • China's auto sales slow in August Thursday, 11 Sep 2014 | 4:50 AM ET

    BEIJING— China's auto sales growth decelerated further in August to 8.5 percent while sales of SUVs surged by nearly a third. Drivers in the world's biggest auto market by vehicle sales bought 1.5 million passenger cars in August, the China Association of Automobile Manufacturers said Thursday.

  • China fines Audi, Chrysler on monopoly charges Thursday, 11 Sep 2014 | 4:38 AM ET

    BEIJING— China on Thursday announced it will fine Audi $40.5 million and Chrysler $5.2 million in a sweeping anti-monopoly probe of the auto industry that has prompted complaints foreign businesses are being treated unfairly.

  • Sept 10- Auto-parts maker Visteon Corp is exploring a plan to split into two companies focused on electronics and climate controls, Bloomberg reported, citing people familiar with the matter. Visteon, once a part of Ford Motor Co may consider selling or spinning off the electronics business, the report said.

  • Volkswagen global labour reps back UAW at Tennessee plant Wednesday, 10 Sep 2014 | 1:44 PM ET

    FRANKFURT, Sept 10- Volkswagen AG's global works council is backing renewed efforts by the United Auto Workers in the United States to represent workers at the German carmaker's Tennessee plant.

  • Making travel quick, safe for cars, bikes, walkers Wednesday, 10 Sep 2014 | 11:39 AM ET

    DETROIT— Cellphones that warn drivers when people are crossing in front of them. These life- or time-saving technologies are being shown off this week at the Intelligent Transport Systems World Congress in Detroit.

  • TRW to sell engine valve unit to Federal-Mogul Wednesday, 10 Sep 2014 | 10:26 AM ET

    NEW YORK— TRW Automotive is selling its engine valve business to Federal-Mogul Holdings Corp. for $385 million as the maker of airbags, steering wheels and emergency braking systems seeks to focus on its car safety products business. Federal-Mogul said the acquisition will help boost its powertrain business.

  • Sept 10- Auto parts maker TRW Automotive Holdings Corp, which is being pursued by Germany's ZF Friedrichshafen AG, said it would sell its engine valve business to Federal-Mogul Holdings Corp for $385 million. The sale of TRW's business to Federal-Mogul's powertrain division is expected to close in the first quarter of 2015, the companies said on Wednesday.

  • Sept 10- Auto parts maker TRW Automotive Holdings Corp said it would sell its engine valve business to Federal-Mogul Holdings Corp for $385 million.

  • Ferrari chairman to resign     Wednesday, 10 Sep 2014 | 7:30 AM ET

    CNBC's Robert Frank reports Luca Di Montezemolo is leaving the sports car maker after 23 years at the helm.

  • Late-payment rate on US auto loans rose in 2Q Tuesday, 9 Sep 2014 | 2:59 PM ET

    As U.S. sales of cars and trucks have grown this year, so has the late-payment rate on auto loans. "In fact, there are four million more auto loan accounts in the marketplace than we observed just last year," said Peter Turek, automotive vice president for TransUnion. Auto loan debt per borrower grew 4.1 percent to $17,090 in the April-June period from a year earlier.

  • Delphi also said Praxair Inc executive Mark Murphy would join the company in October, succeeding Clark as CFO. Delphi started out as a subsidiary of General Motors Co before being spun off in 1999, but continues to be closely associated with the Detroit automaker.

  • Sept 9- Auto parts maker Delphi Automotive Plc said Chief Executive Officer Rodney O'Neal would retire in March and that Chief Financial Officer Kevin Clark would succeed him. Delphi also said Praxair Inc executive Mark Murphy would join the company in October, succeeding Clark as CFO.