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Automobiles and Components

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  • DETROIT, Feb 27- Fiat Chrysler Automobiles said on Friday it will recall about 467,500 SUVs worldwide in order to fix a fuel-pump issue that could cause the engine to either stall or not start. The vehicles affected are the Dodge Durango from model years 2012 and 2013 and the Jeep Grand Cherokee diesel versions from 2011 model year sold outside North America.

  • DETROIT, Feb 27- Fiat Chrysler Automobiles said on Friday it will recall about 467,500 SUVs globally in order to fix a fuel-pump issue that could cause engine stall. The U.S. arm of FCA says it is not aware of any crashes or injuries linked to this issue. Affected vehicles are the Dodge Durango from model years 2011 and 2012 and the Jeep Grand Cherokee diesel versions...

  • Volkswagen profits up 20 percent for full year Friday, 27 Feb 2015 | 9:41 AM ET

    Volkswagen warned that economic trends in Latin America and Eastern Europe could affect its commercial vehicles and power engineering businesses. Russia's economy appears headed for recession after a sharp drop in the ruble and its recent conflict with Ukraine has undermined business confidence in Eastern Europe. Chief Financial Officer Hans Dieter...

  • *GM to stop car manufacturing in Indonesia. GM Indonesia to shutter assembly plant, axe 500 jobs. Feb 27- A day after announcing it is to stop making GM-branded cars in Indonesia, General Motors said on Friday it would cease production of its Chevrolet Sonic in Thailand by the middle of this year.

  • *Nissan working on plan to utilise Japan capacity- exec. "The key word is flexibility," Jose Munoz, executive vice president at Nissan and chairman of its North American arm, told reporters at Nissan's headquarters in Yokohama. With recent and upcoming model launches in the United States such as the Murano sport-utility vehicle, Maxima sedan and Titan pickup truck,...

  • WASHINGTON, Feb 26- A measure that would offer financial incentives for auto industry employees to expose safety defects won unanimous backing from a U.S. Senate panel on Thursday. The vote by 13 Republican and Democratic members of the Senate Commerce, Science and Transportation Committee sends the legislation, which would allow whistleblowers to share in...

  • NASHVILLE, Tenn.— State Senate Speaker Ron Ramsey said Thursday that it may have been "a mistake" for Tennessee to subsidize the development of the General Motors plant outside Nashville because it has a United Auto Workers union contract. Republican lawmakers have grumbled about the United Auto Workers union's ongoing role at the plant, and Ramsey pointed to...

  • WASHINGTON, Feb 26- A measure that would offer financial incentives for auto industry employees to expose safety defects won unanimous backing from a U.S. Senate panel on Thursday. The vote by 13 Republican and Democratic members of the Senate Commerce, Science and Transportation Committee sends legislation to the floor of the Senate that would allow...

  • *GM to stop car manufacturing in Indonesia. BEIJING, Feb 26- General Motors will stop making GM-branded cars in Indonesia, a battleground for global automakers, closing an assembly plant, axing some 500 jobs and shifting its focus to sport utility vehicles. The retreat also comes as GM drives into Indonesia with its Chinese partner, SAIC Motor Corp..

  • Automakers hire rocket firm to probe air bag problems Thursday, 26 Feb 2015 | 10:43 AM ET

    Ten automakers whose vehicles have been recalled because of problems with Takata Corp. air bags said Thursday they have jointly hired Orbital ATK to figure out the problem. Air bags inflators made by Takata of Japan can explode with too much force, sending shrapnel into car and truck cabins. So far, about 17 million cars and trucks have been recalled in the U.S. and...

  • Visteon reports 4Q loss Thursday, 26 Feb 2015 | 10:21 AM ET

    VAN BUREN TOWNSHIP, Mich. _ Visteon Corp. on Thursday reported a fourth-quarter loss of $138 million, after reporting a profit in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share. Visteon expects full-year revenue in the range of $3.2 billion to $3.4 billion.

  • MILAN, Feb 26- Fiat Chrysler Automobiles Chief Executive Sergio Marchionne has increased his voting stake in the carmaker to nearly 1 percent after benefiting from a stock grant plan, just as the company readies to spin off luxury brand Ferrari. The stake makes him one of the largest individual shareholders in FCA, the world's seventh-biggest carmaker, whose...

  • DETROIT— Fiat Chrysler is recalling nearly 26,000 midsize cars in North America to fix automatic transmissions that might not shift into park. The recall covers the Chrysler 200 with V-6 engines from the 2015 model year. The company said manufacturing problems at a parts supplier's factory can cause the nine-speed transmissions to malfunction.

  • *Porsche still faces other damage claims in Germany. Two dozen hedge funds, including Viking Global Investors, Glenhill Capital and Greenlight Capital, a year ago accused investment company Porsche SE of camouflaging a plan to acquire Volkswagen and secretly piling up a holding in Europe's largest automaker during 2008.. The case combining 1.36 billion...

  • Auto parts maker Visteon's revenue rises 21 pct Thursday, 26 Feb 2015 | 7:44 AM ET

    Feb 26- Auto parts maker Visteon Corp reported a nearly 21 percent rise in quarterly revenue as higher vehicle production in Asia and Europe boosted sales of its air conditioners. Visteon reported a net loss attributable to the company of $138 million, or $3.12 per share, compared with a profit of $513 million, or $10.32 per share. Visteon's fourth-quarter profit...

  • *GM to stop car manufacturing in Indonesia. BEIJING, Feb 26- General Motors is to stop making cars in Indonesia, a battleground for global automakers in emerging Southeast Asia, closing an assembly plant, axing some 500 jobs and shifting its branding focus to sport utility vehicles. GM tried to take on Japanese rivals by locally producing its Chevrolet Spin, a...

  • US agency orders air bag maker to preserve parts in probe Wednesday, 25 Feb 2015 | 5:05 PM ET

    DETROIT— U.S. safety regulators have ordered Japanese air bag maker Takata Corp. to preserve air bag parts from recalled cars for government investigators and attorneys who are suing the company. Ten different automakers have recalled about 17 million cars and trucks in the U.S., and recovered inflators have been sent to Takata. The order stops Takata from...

  • DETROIT, Feb 25- General Motors Co is cutting production at two of its North American car plants as supplies of vehicles including the Chevrolet Sonic and Buick Regal rise, Automotive News reported on Wednesday, citing sources familiar with the company's plans. The company's "flex" line at its Oshawa, Ontario, plant will be idled April 13-17, cutting output of the...

  • DETROIT, Feb 25- General Motors Co is cutting production at two of its North American car plants as supplies of vehicles including the Chevrolet Sonic and Buick Regal rise, Automotive News reported on Wednesday, citing sources familiar with the company's plans. The company's "flex" line at its Oshawa, Ontario, plant will be idled April 13-17, cutting output of the...

  • J.D. Power on Wednesday released its annual ranking of vehicle dependability. The rankings are based on problems per vehicle as reported by owners of 2012 model year cars and trucks. Here are the most dependable models by segment.