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Automobiles and Components

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  • Off with a 'bang': Summer auto sales start strong Tuesday, 26 May 2015 | 2:37 PM ET
    A customer looks at a Ford Motor Co. F-150 pickup truck at a CarMax Inc. dealership in Brandywine, Maryland.

    Car buyers hit showrooms en masse on Memorial Day, helped by low-financing offers and other incentives.

  • Plenty of runway left in the auto cycle: Pro   Tuesday, 26 May 2015 | 2:32 PM ET
    Plenty of runway left in the auto cycle: Pro

    Michael Ward, Sterne Agee CRT, and Dave Whiston, Morningstar, discuss auto sales.

  • Hyundai is first to offer Android Auto system Tuesday, 26 May 2015 | 2:15 PM ET

    DETROIT— Hyundai is the first carmaker to offer Google's Android Auto system. Android Auto will soon be available on other Hyundai models. Hyundai says it expects to offer Apple's version of the system, CarPlay, sometime soon.

  • *Takata says confident new air bags are safe. DETROIT, May 26- Automakers and safety regulators could take months to nail down why air bag inflators made by Takata Corp are exploding with too much force, meaning consumers cannot be certain replacement inflators installed under a sweeping recall are safe, industry officials involved in the process said.

  • Hot Memorial Day for auto sales   Tuesday, 26 May 2015 | 1:15 PM ET
    Hot Memorial Day for auto sales

    CNBC's Phil LeBeau reports on what's selling in the auto industry.

  • MUMBAI/ NEW DELHI, May 26- Tata Motors Ltd, India's biggest automaker by revenue, reported a surprise 56 percent drop in quarterly net profit on Tuesday, hit by cooling demand for its sleek Jaguar saloons and sporty Range Rovers in the key Chinese market. The company said it expected mixed economic conditions in China, the world's largest auto market, and other...

  • Ford expands presence in Morocco Tuesday, 26 May 2015 | 9:15 AM ET

    "Ford sees Morocco has a country that has skilled labor and extremely good infrastructure," said Ford Middle East and North Africa director Kalyana Sivaganam. In addition to car parts, Morocco makes more than 200,000 automobiles a year, mainly from a Renault plant in Tangiers built in 2013.. Most cars are exported and made up more than 20 percent of all exports in...

  • MUMBAI, May 24- Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in India's Maharashtra state, to hold his daughter's wedding in May. Gold is an essential part of the bride's dowry in India and also a popular gift from family and guests at weddings. "Jewellery demand could drop by 30 percent in the second half due to fewer...

  • Having taken the helm of the National Highway Traffic Safety Administration in January, Mark Rosekind has wasted no time in forcing reluctant companies into recalling millions of defective vehicles. In the past week alone, the agency announced the biggest recall in history, involving nearly 34 million vehicles with potentially deadly Takata Corp air bags.

  • Fall-off in Indian weddings bodes ill for jewelers, gold Saturday, 23 May 2015 | 10:00 PM ET

    MUMBAI, May 24- Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in India's Maharashtra state, to hold his daughter's wedding in May. Gold is an essential part of the bride's dowry in India and also a popular gift from family and guests at weddings. "Jewelry demand could drop by 30 percent in the second half due to fewer weddings,"...

  • May 23- As part of his quest for a mega merger, Fiat Chrysler Automobiles Chief Executive Sergio Marchionne sent an email to General Motors Co Chief Executive Officer Mary Barra in March suggesting combining the automakers but was rebuffed, the New York Times reported on Saturday. During his presentation on April 29, Marchionne said that if traditional...

  • FRANKFURT, May 23- Carmaker Daimler on Saturday announced a partnership with mobile technologies company Qualcomm Inc. to explore wireless recharging of mobile phones in cars as well as recharging of electric cars without cables. The move forms part of a broader push by Daimler, parent company of Mercedes-Benz, as well as rival German carmakers BMW and Audi to...

  • DETROIT— Eleven automakers are expected next week to reveal which models are being added to a massive recall of air bags made by Takata Corp.. On Tuesday, the U.S. National Highway Traffic Safety Administration announced a deal with Takata to declare millions of its air bag inflators defective and expand the recall from 17 million to 33.8 million.

  • Memorial Day deals expected to lure car buyers Friday, 22 May 2015 | 4:04 PM ET
    A salesman (left) assists a customer at the Mercedes-Benz of San Francisco car dealership.

    A confluence of economic factors are setting the scene for a strong Memorial Day Weekend in the auto industry.

  • For the corn lobby, which represents corn-based ethanol producers, the EPA's proposals will signal whether Big Oil is winning a battle over market share or whether the political tide can be turned back in ethanol's favor despite opposition from car manufacturers, among other industries. "It would be crazy not to acknowledge the blend wall," said Jeremy Martin of...

  • NECKARSULM, Germany, May 22- The contest for Nokia's maps business has become a three-way race between German carmakers, a consortium including Uber and Baidu, and a third group including China's Tencent and Navinfo, people familiar with the process said. Finland's Nokia has started an auction of its maps business HERE while it completes its 15.6 billion euros...

  • Peugeot mulls factory in Morocco - source Friday, 22 May 2015 | 10:54 AM ET

    PARIS, May 22- French carmaker PSA Peugeot Citroen could announce plans as early as next month to set up a factory in Morocco, a source close to the company said on Friday. A Peugeot spokesman said the group was currently focused on developing sales in Morocco before envisaging any industrial presence in the North African kingdom. Reuters reported in November...

  • Hyundai Motor says to boost output of Tucson SUV Friday, 22 May 2015 | 7:57 AM ET

    SEOUL, May 22- Hyundai Motor said on Friday it would boost output of its Tucson sport utility vehicle by adding production at a South Korean assembly line that currently makes sedans in order to meet demand from markets including the United States. Hyundai Motor, which with sister firm Kia Motors is the world's fifth-largest automaker, has been grappling with...

  • Why US investors are not deterred by Thai crisis   Thursday, 21 May 2015 | 9:34 PM ET
    Why US investors are not deterred by Thai crisis

    Darren Buckley, President of AmCham, explains why foreign direct investment from the U.S. into Thailand increased nearly 5-fold in 2014 despite the country's political instability.

  • DETROIT— Out of concern for the safety of drivers, the U.S. government may step in to manage a giant recall of air bags made by Takata Corp.. Takata agreed this week to declare millions of air bag inflators defective. That added 17 million cars and trucks to existing recalls by 11 manufacturers— BMW, Fiat Chrysler, Ford, General Motors, Daimler Trucks, Honda, Mitsubishi,...