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Automobiles and Components

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  • DETROIT, March 5- Two General Motors Co workers at its Arlington, Texas, assembly plant have sued the No. 1 U.S. automaker and are seeking class-action status, claiming the company violated the Civil Rights Act of 1964 by denying them unpaid religious days off. The lawsuit, filed on Wednesday in U.S. District Court in Forth Worth, Texas, charged the company with...

  • MEXICO CITY, March 5- German carmaker Volkswagen will next week announce an investment worth around $1 billion in Mexico to expand its Puebla plant, a person familiar with the matter said on Thursday. As of December, total investment in the auto sector in Mexico had reached $19 billion under President Enrique Pena Nieto, who took office two years earlier, the...

  • Cadillac sales stall expected, not worrying: Lutz  Thursday, 5 Mar 2015 | 1:17 PM ET

    CNBC contributor and former GM VIce Chairman Bob Lutz, explains what's stalling Cadillac sales. Phil LeBeau, provides perspective.

  • Lotus CEO leans towards SUV launch as sales pick up Thursday, 5 Mar 2015 | 12:36 PM ET

    GENEVA, March 5- As car industry leaders gathered in Geneva this week to fret about how to cram more software and electronics into their vehicles, one man stood out. While defiantly analogue models like its newly upgraded Evora flagship may eventually get more digital controls, Gales said in an interview, the priority is a return to Lotus's lean essentials- which...

  • BMW: We're not developing a car with Apple Thursday, 5 Mar 2015 | 5:59 AM ET

    German carmaker BMW said its talks with technology giant Apple did not involve developing or building a car, denying a German magazine report.

  • FRANKFURT, March 5- German carmaker BMW said on Thursday its talks with technology giant Apple did not involve developing or building a car, denying a German magazine report. Apple was impressed with BMW's carbon-fibre electric cars, the magazine said, citing a "high ranking BMW manager." Among the issues that needed to be resolved was whether BMW would allow Apple...

  • Autonomous-drive cars further off than most expect Thursday, 5 Mar 2015 | 3:00 AM ET
    A Mercedes-Benz F 015 autonomous driving automobile

    Despite near constant chatter about self-driving vehicles revolutionizing how the world gets around, a new report says the transformation will take longer than many have predicted.

  • Car loans at record high  Wednesday, 4 Mar 2015 | 2:08 PM ET

    Auto loans are up 29% and there is a boom in demand for SUVs, reports CNBC's Phil LeBeau.

  • SAN FRANCISCO— Uber Technologies is buying digital mapping specialist deCarta in a deal that may help the rapidly growing ride-hailing service lessen its dependence on navigation services from Google and Apple, an imposing pair of potential rivals. The deCarta deal comes a month after an unconfirmed report that Google Inc. is planning a rival ride-hailing...

  • *ITV, Standard Chartered shares advance. LONDON, March 4- European shares rallied in late trading on Wednesday and closed just below multi-year highs, with export-oriented stocks getting a boost following a sharp decline in the euro to an 11-1/ 2- year low against the dollar after U.S. services data. Generally a good economic number out of the U.S. is good for the...

  • GENEVA— Carmakers have found their swagger against after years of worrying about making cars cheaper and more fuel efficient. Here's a look at what it was like at the car show in Geneva, where manufacturers put their best and latest on display. Photographers Laurent Cipriani, Martial Trezzini and Sandro Campardo contributed.

  • Euro weakness, exports lift southern Europe car output Wednesday, 4 Mar 2015 | 11:25 AM ET

    *FCA is turning the corner in Europe, CEO Marchionne says. GENEVA, March 4- While southern Europe is experiencing at best a patchy economic recovery, the outlook for the region's car makers is a little less bumpy thanks to the weak euro, cheaper oil and labour reforms. At the Geneva auto show, industry executives have warned against overoptimism about what might yet...

  • Longer auto loans rev up with sales Wednesday, 4 Mar 2015 | 8:54 AM ET

    New data from Experian show auto loans with terms of six or more years surged in the fourth quarter.

  • AN CEO: Auto sales all about trucks  Wednesday, 4 Mar 2015 | 7:17 AM ET

    Mike Jackson, AutoNation chairman & CEO, has the update on what's driving February sales and shares his thoughts on whether the industry is increasing subprime loans.

  • 5 stunners from the Geneva car show Wednesday, 4 Mar 2015 | 7:07 AM ET

    GENEVA— Forget driverless cars, electric power or even green technology. There is no doubt what visitors are coming to see at the glamorous Geneva motor show: supercars. "There are an awful lot of fast cars and supercars on display this year," said Jim Holder, editor-in-chief of Autocar magazine.

  • Jump in 7-year auto loans  Wednesday, 4 Mar 2015 | 7:02 AM ET

    Consumers are increasingly taking out longer term loans in order to keep their monthly payment as low as possible, reports CNBC's Phil LeBeau.

  • *Audi launches revamped R8 e-tron at Geneva show. *Audi still treading carefully in electric cars- analysts. At the Geneva auto show, Audi unveiled an emission-free version of its 165,000- euro R8 that can drive 450 kilometres before needing to recharge, which takes less than two hours.

  • Ferrari 488 GTB unveiled  Wednesday, 4 Mar 2015 | 4:45 AM ET

    Amadeo Felisa, CEO of Ferrari, discusses its latest model, the 488 GTB, at the Geneva Motor Show.

  • *Europe chief Didier Leroy to be first foreign EVP. *Japan aims to have women in 30 pct of top jobs by 2020. The world's biggest automaker appointed Europe chief Didier Leroy to become one of six executive vice presidents effective after the company's annual shareholders' meeting in June.

  • Honey, we shrank the SUV _ and Europe loves it Wednesday, 4 Mar 2015 | 2:18 AM ET

    The key in Europe has turned out to be putting the vehicles on platforms originally built for compact or small mid-sized cars. Compact SUVs have gained in popularity globally, but they're really getting attention now in Europe. The recently lower price of gasoline will not hurt, although gas remains painfully expensive in Europe compared with the United...