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Automobiles and Components

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  • SAO PAULO, July 24- General Motors Co wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union said on Thursday, amid falling output in Latin America's largest economy. General Motors put 940 workers at the same factory on paid leave in 2012, and the union said 598 of them were later fired.

  • NEW DELHI, July 25- Software engineer Sanjay Bhatnagar used to watch a new Bollywood movie every week with his family, but now goes to the cinema once a month as spiraling costs of food and other staples eat into his budget for non-essentials.

  • FRANKFURT/ DETROIT, July 24- Ford Motor Co and General Motors Co said on Thursday the crisis in Ukraine has exacerbated a sales slowdown in Russia, but the carmakers said they were on track to turn around their European operations after years of economic instability on the Continent.

  • DETROIT, July 24- U.S. auto sales in July will be the strongest for the month since 2006, and rise 9 percent from last year, automotive industry consultants J.D. Power and LMC Automotive predicted on Thursday. Consumers were expected to spend about $36 billion on new vehicles in July, said John Humphrey, senior vice president at J.D. Power.

  • Stealing luxury cars     Thursday, 24 Jul 2014 | 1:30 PM ET

    CNBC's Andrea Day has the story on car theft rings targeting high-end brands, which send vehicles to countries in West Africa where demand is high and supply is low.

  • Auto & airline earnings: GM, F, AAL & more     Thursday, 24 Jul 2014 | 1:10 PM ET

    CNBC's Phil LeBeau reports the earnings from General Motors, Ford, American Airlines and Southwest.

  • UPDATE 1-Fiat and Peugeot dismiss latest tie-up report Thursday, 24 Jul 2014 | 12:11 PM ET

    MILAN/ LONDON, July 24- PSA Peugeot Citroen and Fiat Chrysler denied a Financial Times report on Thursday that the companies were preparing a merger to create the world's fifth-largest carmaker.

  • Ford CFO: Will deliver 2015 Europe profit     Thursday, 24 Jul 2014 | 11:10 AM ET

    CNBC's Phil LeBeau speaks to Bob Shanks, Ford Motor Company CFO, about the automaker's better-than-expected profits and performance in Europe.

  • Ford sets North American record     Thursday, 24 Jul 2014 | 10:17 AM ET

    CNBC's Phil LeBeau breaks down the quarterly performance of General Motors and Ford Motor Company. LeBeau says Ford reported a record $2.44 billion quarterly profit in North America.

  • GM CFO: No cap on compensation program     Thursday, 24 Jul 2014 | 7:52 AM ET

    CNBC's Phil LeBeau talks with General Motors CFO Chuck Stevens about GM's Q2 results and the $400 million fund the company set aside for the ignition switch recall. Ultimately the cost of the program will be independently determined by Ken Feinberg, says Stevens.

  • GM profit 2Q falls 85 pct. on recall costs Thursday, 24 Jul 2014 | 7:35 AM ET

    DETROIT— Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes. Without one-time items GM would have made 58 cents per share, equaling Wall Street's expectations, according to data provider FactSet.

  • GM takes whopping special charges     Thursday, 24 Jul 2014 | 7:30 AM ET

    CNBC's Phil LeBeau takes a look at General Motor's quarterly numbers, which came in shy on earnings and revenues.

  • LONDON, July 24- Luxury carmaker Bentley, part of Germany's Volkswagen, expects to increase sales volumes this year by less than previously forecast, Chief Executive Wolfgang Duerheimer said on Thursday.

  • Gauging auto sector strength     Thursday, 24 Jul 2014 | 6:45 AM ET

    What's hurting Hyundai is helping Detroit, says Paul Ingrassia, Reuters managing editor, sharing his thoughts on Ford's better-than-expected earnings, and providing an outlook on the auto industry.

  • Ford posts record quarterly profits     Thursday, 24 Jul 2014 | 6:30 AM ET

    CNBC's Phil LeBeau breaks down the automaker's Q2 results of EPS $0.40 ex-items on revenues of $35.3 billion.

  • What to expect from GM and Ford     Thursday, 24 Jul 2014 | 5:50 AM ET

    Itay Michaeli, auto analyst at Citi, discusses General Motors (GM) and Ford ahead of their quarterly results. He says GM's outlook for the rest of the year should be pretty positive on the back of strong U.S. results.

  • Hyundai Motor's 2Q profit dips due to strong won Thursday, 24 Jul 2014 | 1:47 AM ET

    Despite selling more cars, Hyundai said its bottom line was hit by the sharp rise of the South Korean won. Those two models have been popular in South Korea, helping Hyundai win back some ground after taking a hit last year from greater available of foreign cars.

  • GM: 6 more recalls on nearly 718,000 US vehicles Wednesday, 23 Jul 2014 | 2:05 PM ET
    A General Motors logo at the General Motors Technical Center, June 5, 2014 in Warren, Michigan.

    General Motors announced on Wednesday six more safety recalls on 717,950 U.S. vehicles.

  • GM issues 6 more safety recalls Wednesday, 23 Jul 2014 | 1:41 PM ET

    DETROIT— General Motors issued six more recalls on Wednesday, bringing its annual total to 60 recalls covering almost 30 million vehicles.

  • The Stuttgart- based maker of cars and trucks has been trying to bounce back after rival Audi eclipsed Mercedes in 2011 as the world's second biggest luxury car maker behind BMW.