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Automobiles and Components

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  • May auto sales hit strongest pace in nearly decade Tuesday, 2 Jun 2015 | 10:51 AM ET
    A salesperson, left, shows vehicles to a shopper at the Toyota of Deerfield dealership in Deerfield Beach, Fla.

    The US auto industry remained on track for a record year as consumers bought cars and trucks in May at the fastest pace in almost a decade.

  • Toyota May US sales down 0.3%   Tuesday, 2 Jun 2015 | 10:43 AM ET
    Toyota May US sales down 0.3%

    CNBC's Phil LeBeau reports on Toyota's May sales in the U.S.

  • DETROIT, June 2- The U.S. auto industry remained on track for the best sales year in a decade as consumers bought cars and trucks in May at the fastest pace in almost a decade. General Motors Co forecast industry U.S. sales to finish May at a seasonally adjusted annualized rate of 17.6 million vehicles, the strongest pace since January 2006. GM sales rose 3 percent in...

  • GM May US sales up 3.0%   Tuesday, 2 Jun 2015 | 9:32 AM ET
    GM May US sales up 3.0%

    General Motors has reported better-than-expected auto sales in May, reports CNBC's Phil LeBeau.

  • Ford May US sales down 1.3% vs. 3.4% est.   Tuesday, 2 Jun 2015 | 9:15 AM ET
    Ford May US sales down 1.3% vs. 3.4% est.

    CNBC's Phil LeBeau reports on the better-than-expected sales numbers for Ford last month.

  • Cramer: Buy autos-here's why   Tuesday, 2 Jun 2015 | 9:01 AM ET
    Cramer: Buy autos-here's why

    CNBC's Jim Cramer explains why investors should bet on autos.

  • May US auto sales likely to beat forecasts Tuesday, 2 Jun 2015 | 8:37 AM ET

    Subaru led automakers with a 12 percent sales gain. General Motors' sales rose 3 percent, Fiat Chrysler was up 4 percent and Honda rose 1 percent. Honda sold more than 6,300 HR-V small SUVs in the first two weeks it was on sale.

  • DETROIT, June 2- The U.S. auto industry will remain on track for the best sales year in a decade despite industry growth being flat to up 0.7 percent in May, Fiat Chrysler Automobiles said on Tuesday. FCA's forecast is slightly more optimistic than those of Wall Street analysts surveyed by Reuters, who expected a 1 percent fall-off in May U.S. auto sales.

  • Elon Musk fires back on subsidies   Tuesday, 2 Jun 2015 | 7:20 AM ET
    Elon Musk fires back on subsidies

    CNBC's Phil LeBeau talks with Tesla CEO Elon Musk about the economic benefits of government incentives. Also a preview of May auto sales.

  • For UAW members, two-tier wage issue is personal Tuesday, 2 Jun 2015 | 1:00 AM ET

    KANSAS CITY, Kansas, June 2- For United Auto Workers union members Jermaine and Akema Austin, a two-tier wage system at General Motors Co is not just business, it's personal. Detroit automakers, which pushed for and won the two-tier system in negotiations with the union, say the freedom to hire workers at lower wages has helped them recover from near-death in the...

  • DETROIT, June 2- Fiat Chrysler Automobiles in the past year has delayed the redesign or release of at least a dozen current or new vehicles in North America, according to suppliers familiar with the company's plans. FCA Chief Executive Sergio Marchionne is shuffling product plans even as he seeks a partner for his company, the seventh largest global automaker.

  • SEOUL, June 2- Hyundai Motor Co shares slid 9 percent to their lowest levels in nearly five years on Tuesday, hit by lacklustre sales in the United States and China and as a weakening yen against the won rekindled worries about exports. Hyundai Motor said its total vehicle sales were down 6.4 percent in May from a year earlier, while affiliate Kia Motors saw its sales...

  • June 1- Takata Corp said on Monday that it will continue producing air bags that use ammonium nitrate propellant, but will change the design of the driver-side air bag inflators. In written testimony ahead of a U.S. congressional hearing scheduled on Tuesday, Takata executive Kevin Kennedy said other companies producing replacements for potentially...

  • Musk: Chrysler has not asked about merger   Monday, 1 Jun 2015 | 3:19 PM ET
    Musk: Chrysler has not asked about merger

    CNBC's Phil LeBeau reports on Tesla CEO Elon Musk's statements on becoming a merger partner with Chrysler.

  • WASHINGTON— A top executive says Takata Corp. is encouraging automakers to replace defective air bag inflators with newly designed ones from the company, or with those made by competitors that don't include a volatile chemical. Kevin Kennedy, executive vice president of North America for Takata Corp., will also tell Congress the company "deeply" regrets every...

  • June 1- Takata Corp has told U.S. safety regulators it will no longer use a volatile chemical in its air bag inflators, which have been linked to six deaths since 2008.. The agreement to stop using ammonium nitrate was detailed by Takata executive Kevin Kennedy, in written testimony ahead of a hearing before a U.S. House panel on Tuesday. Discovery of a root cause of...

  • Surprising auto loan data   Monday, 1 Jun 2015 | 1:01 PM ET
    Surprising auto loan data

    CNBC's Phil LeBeau breaks down new car loans in the first quarter, and expectations for May auto sales out tomorrow.

  • DETROIT, June 1- Takata Corp has told U.S. safety regulators it will no longer use a volatile chemical in its air bag inflators. The agreement to cease using ammonium nitrate was detailed by Takata executive Kevin Kennedy, in written testimony ahead of a hearing before a U.S. House panel on Tuesday. Discovery of a root cause of Takata's air bag problems "is not...

  • DISCOVERY OF ROOT CAUSE OF TAKATA AIR BAG PROBLEMS "NOT IMMINENT"- HEAD OF AUTOMAKERS' COALITION INVESTIGATION.

  • Record number for car loans   Monday, 1 Jun 2015 | 9:56 AM ET
    Record number for car loans

    CNBC's Phil LeBeau takes a look at new data showing Americans are now taking out auto loans at record levels to pay for new cars and trucks.