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Automobiles and Components

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  • June 1- Takata Corp has told U.S. safety regulators it will no longer use a volatile chemical in its air bag inflators, which have been linked to six deaths since 2008.. The agreement to stop using ammonium nitrate was detailed by Takata executive Kevin Kennedy, in written testimony ahead of a hearing before a U.S. House panel on Tuesday. Discovery of a root cause of...

  • Surprising auto loan data   Monday, 1 Jun 2015 | 1:01 PM ET
    Surprising auto loan data

    CNBC's Phil LeBeau breaks down new car loans in the first quarter, and expectations for May auto sales out tomorrow.

  • DETROIT, June 1- Takata Corp has told U.S. safety regulators it will no longer use a volatile chemical in its air bag inflators. The agreement to cease using ammonium nitrate was detailed by Takata executive Kevin Kennedy, in written testimony ahead of a hearing before a U.S. House panel on Tuesday. Discovery of a root cause of Takata's air bag problems "is not...

  • DISCOVERY OF ROOT CAUSE OF TAKATA AIR BAG PROBLEMS "NOT IMMINENT"- HEAD OF AUTOMAKERS' COALITION INVESTIGATION.

  • Record number for car loans   Monday, 1 Jun 2015 | 9:56 AM ET
    Record number for car loans

    CNBC's Phil LeBeau takes a look at new data showing Americans are now taking out auto loans at record levels to pay for new cars and trucks.

  • WYOMING, Mich.— General Motors Co. plans to invest $119 million in tools and equipment to support production of future vehicle components in western Michigan. The automaker said Monday that the plans for its Grand Rapids Operations in the Grand Rapids suburb of Wyoming will create about 300 jobs. The investment in the GM Components Holdings LLC plant is part of...

  • NEW YORK— Intel is buying chip designer Altera for about $16.7 billion in cash to expand its reach into new chip markets that are powering the wireless revolution, smarter cars and more. While Intel already works with Altera on the manufacturing of certain kinds of high-end chips, Intel CEO Brian Krzanich said that owning the company will allow Intel to fully...

  • Average car loan approaching $500/month   Monday, 1 Jun 2015 | 8:17 AM ET
    Average car loan approaching $500 a month

    CNBC's Phil LeBeau reports on new data showing Americans are now taking out auto loans at record levels to pay for new cars and trucks.

  • Smart stock picks for the second half   Monday, 1 Jun 2015 | 6:52 AM ET
    Smart stock picks for the second half

    David Katz, Matrix Asset Advisors, shares his play on oil, smartphones, and auto trends.

  • Record number of Americans leasing autos Monday, 1 Jun 2015 | 4:00 AM ET
    A customer ooks at a Ford vehicle on the showroom floor at a Ford AutoNation car dealership in North Miami, Florida.

    With new vehicle prices climbing to all-time highs, a record number of Americans are turning to leases to keep monthly payments low.

  • GM recalls heavy duty trucks with Takata air bags Friday, 29 May 2015 | 5:02 PM ET

    DETROIT, May 29- General Motors Co is recalling about 375,000 heavy duty pickup trucks equipped with passenger-side air bag inflators made by Takata Corp, the U.S. automaker said. Subaru will expand its recall of 2004 and 2005 model Impreza compact cars with Takata air bags to about 80,000 from 20,000, the unit of Japan- based Fuji Heavy Industries also said on...

  • Online car retailer Beepi plots expansion Friday, 29 May 2015 | 3:53 PM ET
    Dan Delima of Millbrae, California, holds a check from Beepi after selling his Nissan LEAF (on the flatbed truck behind him) to the used car website.

    Beepi is raising another $300 million in venture capital to fund its expansion nationwide.

  • DETROIT— General Motors and Subaru are adding vehicles to the growing list of models being recalled by 11 automakers due to potentially exploding air bags. The U.S. government's National Highway Traffic Safety Administration released the model information on Friday. The vehicles are equipped with air bag inflators made by Takata Corp. of Japan that can...

  • NEW YORK, May 29- Shares of U.S. automakers may finally be able to accelerate. "This is going to be one of the best months ever," said David Kudla, chief investment strategist of Mainstay Capital Management in Grand Blanc, Michigan. Kudla sees May sales approaching $40 billion, not far from the $40.3 billion record in August 2014.

  • LONDON, May 29- Platinum miners betting on fuel cell vehicles to help boost demand for the precious metal and lift moribund prices are in danger of having their hopes dashed, at least in the medium term: electric and hybrid cars are taking a bigger share of the market. The world's three largest platinum producers Anglo American Platinum, Impala Platinum and Lonmin...

  • DETROIT, May 28- Three automakers on Thursday widened recalls of cars and trucks with Takata Corp air bags and the U.S. Congress set a hearing next week on the safety issue that has been linked to six deaths. Takata last week complied with demands of U.S. safety regulators and doubled the vehicles to be involved in air bag recalls to 34 million, making it the largest...

  • Ford to open up patents   Thursday, 28 May 2015 | 4:38 PM ET
    Ford to open up patents

    Ford is joining Tesla in opening up its electric vehicle patents, but unlike Tesla, Ford wants to be paid, reports CNBC's Phil LeBeau.

  • May 28- What happens to an industry which develops a new offering so fantastic that ownership of its product is cut in half? That will lead to a more than doubling in annual mileage per car over the next 25 years but bring vehicles per household down by nearly 50 percent, argues Barclays auto analyst Brian Johnson. To' survive,' General Motors would need to cut North...

  • TOKYO, May 28- Honda Motor Co called back about 690,000 cars in Japan and the United States to replace air bag inflators made by Takata Corp after the Tokyo- based parts supplier last week agreed to comply with U.S. orders to expand some of its previous recalls. Of the recalls announced on Thursday, about 350,000 are of vehicles registered in the United States and...

  • DETROIT, May 28- Fiat Chrysler Automobiles, Honda Motor Co and BMW on Thursday expanded recalls of vehicles with potentially deadly air bags made by Takata Corp, after the Japanese manufacturer last week boosted the number of vehicles affected to 53 million globally. The recalls announced on Thursday are part of that widened Takata recall.