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Automobiles and Components

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  • DETROIT, Oct 21- The problems for Japanese auto parts maker Takata Corp grew after U.S. safety regulators expanded a warning about faulty air bags to 6.1 million vehicles in the United States while two more lawsuits have been filed over accidents in older Honda cars. The news came a day after Toyota Motor Corp recalled 247,000 vehicles in the United States...

  • TOKYO, Oct 22- Japan's Takata Corp said on Wednesday it would cooperate fully with U.S. authorities and automakers after the National Highway Traffic Safety Administration urged vehicle owners to act swiftly on recall notices to replace the company's defective airbags. "We take latest action seriously," Takata said in a statement. It added that the cost of...

  • FRANKFURT, Oct 21- Daimler AG said on Tuesday it would book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors Inc. The stake sale comes as a surprise, even though the Stuttgart- based maker of Mercedes-Benz cars insisted that a technological cooperation deal between the two carmakers remains unchanged.

  • DETROIT, Oct 21- Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors Inc from selling its cars directly to consumers in the state, home to the biggest U.S. automakers. Michigan becomes the fifth U.S. state to keep Tesla from easily selling cars directly to consumers, joining Texas, New Jersey, Arizona and Maryland,...

  • Daimler sells stake in Tesla for $780 million Tuesday, 21 Oct 2014 | 5:33 PM ET

    Daimler AG says it has sold its 4 percent stake in electric car maker Tesla for $780 million. The Germany- based parent of Mercedes-Benz says its partnership with Tesla Motors Inc. is unaffected. Tesla shares fell $2.64, or 1.1 percent, to $232.70 in after-hours trading.

  • DETROIT, Oct 21- The recall crisis is growing involving Takata- made air bags exploding with too much force and spraying vehicle occupants with metal shrapnel, with two more lawsuits filed over accidents in older Honda cars. News of the lawsuits came a day after Toyota Motor Corp on Monday recalled 247,000 vehicles in the United States because of potentially...

  • Legal petition seeks NY ban on outdated rail cars Tuesday, 21 Oct 2014 | 2:12 PM ET

    ALBANY, N.Y.— A coalition of environmental groups and city residents filed a legal petition on Tuesday seeking a ban on older model rail tanker cars carrying volatile crude oil from North Dakota to the Port of Albany, citing their history of rupturing and exploding in a series of catastrophic derailments. Port facilities owned by Houston- based Buckeye Partners...

  • GM asks Michigan governor to sign 'anti-Tesla' bill Tuesday, 21 Oct 2014 | 1:28 PM ET
    People walk past a Tesla motor company dealership.

    General Motors is calling for Governor Rick Snyder to sign legislation that would ban the direct sale of automobiles in Michigan.

  • DETROIT, Oct 21- The recall crisis involving Takata- made air bags exploding with too much force and spraying occupants with metal shrapnel continues to grow, with two more lawsuits filed concerning accidents in older Honda cars. News of the lawsuits comes a day after Toyota Motor Corp recalled 247,000 vehicles in the United States because of potentially...

  • Oct 21- Harley-Davidson Inc reported stronger-than-expected quarterly financial results on Tuesday, lifted by increased motorcycle sales in key markets, including the United States. Harley said third-quarter profit fell to $150.1 million, or 69 cents a share, from $162.7 million, or 73 cents a share, a year ago. Worldwide, the company's network of independent...

  • Oct 21- U.S. auto dealer Asbury Automotive Group Inc's quarterly profit jumped 43 percent as easier credit for customers helped the company sell more imported cars. Asbury sells new and used cars made by BMW, Mercedes-Benz, Lexus, Honda Motor Co, Nissan Motor Co Ltd and Toyota Motor Corp, among others. Asbury's net profit rose to $32.5 million, or $1.08 per share, in the...

  • SHANGHAI/ BEIJING, Oct 21- Chinese automakers from state-owned FAW Co to Zhejiang Geely are racing to sell more eco-friendly cars as they try to meet tough fuel economy rules due next year as part of Beijing's battle against pollution. But many of China's smaller indigenous automakers will struggle to make the costly upgrades needed to meet the new rules, which...

  • DETROIT, Oct 20- Toyota Motor Corp recalled 247,000 cars, SUVs and pickup trucks in the United States on Monday because of potentially defective front passenger air bag inflators from Japan's Takata Corp that can rupture and spray metal shrapnel, according to U.S. safety regulators. That raised the number of vehicles affected by regional recalls launched in...

  • Toyota retools the 'plain vanilla' Camry Monday, 20 Oct 2014 | 2:45 PM ET
    2015 Camry

    Toyota delivered a surprise when it announced plans to give the 2015 Camry an extensive update, showing off its more sculpted and tech-savvy look.

  • Vehicles with air bag problem that should be fixed Monday, 20 Oct 2014 | 1:19 PM ET

    The National Highway Traffic Safety Administration issued an urgent plea to more than 4.7 million car owners whose air bag inflators have been recalled to get them repaired. The air bags, especially in areas along the coast with high absolute humidity, have inflators that can rupture. —Models: 2002 to 2004 Lexus SC, 2003 to 2004 Toyota Corolla and Matrix, 2002 to...

  • US agency warns car owners to get air bags fixed Monday, 20 Oct 2014 | 11:46 AM ET

    Multiple automakers have recalled vehicles in the U.S. over the past two years to repair air bag inflators made by Takata Corp., a Tokyo- based supplier of seat belts, air bags, steering wheels and other auto parts. In a statement Monday, the National Highway Traffic and Safety Administration warned owners of those cars to act right away. The warning covers cars made...

  • NHTSA: New airbag issues     Monday, 20 Oct 2014 | 11:34 AM ET

    The National Highway Traffic Safety Administration is warning owners of approximately 3.75 million vehicles about potentially faulty airbags. CNBC's Phil LeBeau has the details.

  • Toyota adds 247K vehicles to air bag recall tally Monday, 20 Oct 2014 | 10:14 AM ET

    DETROIT— Toyota is recalling 247,000 vehicles in high-humidity areas as an air bag problem that has plagued most of the auto industry continues to widen. Inflators can rupture in air bags manufactured by parts supplier Takata, causing metal fragments to fly out when bags are inflated in crashes. The recall covers vehicles in South Florida, along the Gulf Coast,...

  • DETROIT, Oct 17- General Motors Co's top lawyer will retire early next year, months after his department was heavily criticized for how it handled the automaker's defective ignition switch that has been linked to at least 27 deaths. Michael Millikin, 66, informed GM of his decision and the company will immediately begin an external search for his replacement,...

  • GM's top lawyer to retire early next year Friday, 17 Oct 2014 | 12:41 PM ET

    DETROIT, Oct 17- General Motors Co's top lawyer, whose department was heavily criticized for the handling of a defective ignition switch linked to at least 27 deaths, will retire early next year. Michael Millikin, 66, informed GM of his decision and the company will immediately begin an external search for his replacement, the No. 1 U.S. automaker said on Friday.