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Automobiles and Components

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  • June 30- Pep Boys- Manny, Moe& Jack, an auto parts retailer, said it was considering putting itself up for sale, as it embarks on a strategic review.

  • DETROIT— Newer cars aren't supposed to need more oil between oil changes, but Consumer Reports found that some engines— mainly from Audi, BMW and Subaru— require an extra quart as often as once a month. In an annual survey of car owners, significant numbers reported what the magazine considered to be excessive oil consumption. "The companies should be willing to step...

  • *Osamu Suzuki to remain CEO, chairman. TOKYO, June 30- Suzuki Motor Corp's 85- year-old CEO Osamu Suzuki named his eldest son as the new president of Japan's fourth-biggest automaker, easing investor concerns over the firm's succession plan and boosting the company's shares by more than 5 percent. Suzuki Motor on Tuesday also laid out financial targets under a...

  • *Osamu Suzuki to remain CEO, chairman- Nikkei. TOKYO, June 30- Suzuki Motor Corp has decided to name Executive Vice President Toshihiro Suzuki as the new president effective July 1, taking over the post from his father, Osamu Suzuki, who will remain CEO and chairman, the Nikkei business daily reported. Suzuki, Japan's fourth-biggest automaker, said the two executives...

  • A customer ooks at a Ford vehicle on the showroom floor at a Ford AutoNation car dealership in North Miami, Florida.

    After much better than expected sales in the first half of 2015, US automakers are poised to enjoy a very strong second half of the year.

  • Cars made in America, harder to find? Monday, 29 Jun 2015 | 1:22 PM ET
    Cars made in America, harder to find?

    The Toyota Camry tops the "American Made" list, and the Ford F-Series was left off the list this year, reports CNBC's Phil LeBeau. "The Profit" host Marcus Lemonis, weighs in.

  • *Australia's banks selling down assets to raise capital. SYDNEY, June 29- Germany's BMW AG, Australia's Macquarie Group and a host of U.S. private equity firms are expected to bid for Australia and New Zealand Banking Group's more than $6 billion car and equipment loan book, a source said on Monday. The automaker and Australia's top investment bank have requested...

  • Number of 'American-made' autos drops to new low Monday, 29 Jun 2015 | 12:30 AM ET
    A transmission for a Chrysler Ram 1500 truck goes through the assembly line at the Warren Truck Assembly Plant in Warren, Michigan.

    It's getting tougher to find cars and trucks built in the U.S. that meet an industry index measuring which vehicles are the most "American-made".

  • Nike and Winnebago are big market movers Friday, 26 Jun 2015 | 4:25 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Nike Inc., up $4.49 to $109.71. Synnex Corp., down $7.46 to $74.88.

  • June new-vehicle sales will show a rise of 4 percent from a year ago, but the auto industry remains robust, consultancies J.D. Power and LMC Automotive said on Thursday. There was one more selling day in June 2014 than last month. "Don't let the lower year-over-year percent change fool you; this is arguably the strongest and healthiest the auto industry has been in a...

  • US opens probe of Ford F-150 power brake failures Friday, 26 Jun 2015 | 8:42 AM ET

    DETROIT— U.S. safety regulators are investigating complaints that the power brake assist can fail on some Ford F-150 pickup trucks. The National Highway Traffic Safety Administration says the probe covers about 250,000 pickups from the 2011 and 2012 model years with 3.5- liter six-cylinder turbocharged engines. The agency says in documents posted on its...

  • Eli Lilly and Cree are big market movers Thursday, 25 Jun 2015 | 4:46 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Eli Lilly and Co., up $2.54 to $84.80. Lindsay Corp., up $7.08 to $89.70.

  • SAN FRANCISCO— The latest models of Google's self-driving cars are now cruising the streets near the Internet company's Silicon Valley headquarters as an ambitious project to transform the way people get around shifts into its next phase. Last year, Google Inc. told reporters it hoped to have a 100 of the self-driving prototypes in its fleet by now, but the...

  • U.S. June auto sales seen falling 4 pct from year ago Thursday, 25 Jun 2015 | 1:00 PM ET

    June new-vehicle sales will show a drop of 4 percent from a year ago, but the auto industry remains robust, consultancies J.D. Power and LMC Automotive said on Thursday. There was one more selling day in June 2014 than last month. "Don't let the lower year-over-year percent change fool you; this is arguably the strongest and healthiest the auto industry has been in a...

  • Winnebago tops 3Q profit forecasts Thursday, 25 Jun 2015 | 7:18 AM ET

    FOREST CITY, Iowa _ Winnebago Industries Inc. on Thursday reported fiscal third-quarter profit of $11.5 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Three analysts surveyed by Zacks expected $266.9 million.

  • GM's Barra unveils 2016 Chevy Cruze Thursday, 25 Jun 2015 | 7:17 AM ET
    GM's Barra unveils 2016 Chevy Cruze

    CNBC's Phil LeBeau takes a look at the likelihood of a Fiat/GM merger, after General Motors CEO Mary Barra refuses to discuss the possibility.

  • Takata CEO: Air bag defect still under investigation Thursday, 25 Jun 2015 | 4:35 AM ET

    TOKYO— The CEO of Takata Corp., the Japanese air bag maker at the center of a defect scandal that has resulted in recalls of more than 33.8 million vehicles, appeared at a news conference Thursday for the first time since the problems emerged but shed little light on the underlying cause of the problems. On Thursday, Toyota Motor Corp., Nissan Motor Co. and other...

  • TOKYO, June 25- The head of Takata Corp said an internal probe into why the Japanese supplier's air bag inflators were failing was not progressing well, as millions of cars continue to be called back to replace the potentially deadly component. Chief Executive Shigehisa Takada, grandson of the company's founder, made the comment at Takata's annual shareholders'...

  • Detroit, June 24- General Motors Co is developing technology to allow new features to be downloaded wirelessly, the automaker's head of vehicle development said on Wednesday. Reuss, meeting with reporters in Detroit, did not lay out a specific timetable for deploying the new, upgradeable electrical and data systems, but indicated it would be soon.

  • WASHINGTON, June 24- General Motors Co plans to begin testing new Cisco Systems Inc technology that could allow "talking" cars to share radio communication bands with roadside Wi-Fi devices, a GM executive told U.S. lawmakers. "We are very optimistic about a sharing proposal from Cisco that would operate on a' listen, detect and vacate' basis," said Harry Lightsey,...