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Automobiles and Components

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  • Ford launches car sharing program Wednesday, 24 Jun 2015 | 3:39 PM ET
    Ford launches car sharing program

    Ford is on higher ground after the auto giant announces a car sharing program launching in six U.S. cities and London. CNBC's Phil LeBeau reports.

  • Alfa Romeo unveils flagship sedan as it eyes US market Wednesday, 24 Jun 2015 | 1:05 PM ET

    ARESE, Italy— Fiat Chrysler CEO Sergio Marchionne unveiled Wednesday the long-awaited Alfa Romeo Giulia, a sedan meant to power the premium sports car brand's return to the United States. It was part of the plan, "Marchionne told reporters, using the short name for Fiat Chrysler Automobiles. General Motors has said it is not interested in a merger with Fiat...

  • Major automaker tries out car-sharing Wednesday, 24 Jun 2015 | 11:55 AM ET
    Major automaker tries out car-sharing

    Last year, 4.9 million people worldwide were members of car sharing programs. Ford is trying out a pilot program, with CNBC's Phil LeBeau.

  • Mini aims for best of both worlds with car-sharing scheme Wednesday, 24 Jun 2015 | 10:14 AM ET

    BERLIN, June 24- British carmaker Mini has joined the rush to solve the problem of customers abandoning car ownership in favour of car-sharing, launching a scheme that effectively offers buyers the chance to offset the purchase price by renting out their vehicles. The Mini plan announced on Wednesday will work by expanding parent BMW's existing DriveNow...

  • DETROIT, June 24- The head of General Motors Co's Chevrolet brand said Wednesday he expects the automaker will have a good second-half performance in China, although sales growth in the world's largest auto market is slowing. GM's Alan Batey said on the sidelines of a GM event here that pricing for new vehicles is "moderating" as competition intensifies in China.

  • Ford jumps into the car-sharing pool with pilot program Wednesday, 24 Jun 2015 | 8:49 AM ET

    NEW YORK— Ford is following the ride-sharing craze, launching its own pilot program in six U.S. cities and in London. Ford Motor Co. said that 14,000 customers in the U.S. will be invited to participate, along with 12,000 in London. The program is being offered through November to Ford Credit customers in Chicago, Washington D.C., Portland, Oregon and California...

  • Will Ford's car-sharing program create new customers? Wednesday, 24 Jun 2015 | 8:07 AM ET
    Will Ford's car-sharing program create new customers?

    Bob Lutz, CNBC contributor and former General Motors vice chairman, discusses Ford's car-sharing program and whether it's likely to grow or impact sales.

  • Ford enters auto-sharing biz Wednesday, 24 Jun 2015 | 8:05 AM ET
    Ford enters auto-sharing biz

    CNBC's Phil LeBeau reports on Ford's new plan to get into the car-sharing business.

  • Ford jumps into car-share business Tuesday, 23 Jun 2015 | 11:00 PM ET
    A Ford Escape SUV rolls off the production line in Louisville, Kentucky.

    In a sign automakers are increasingly aware they'll have to try new approaches to reach customers, Ford is launching a car-share program.

  • Ford joins competitors in growing car-sharing field Tuesday, 23 Jun 2015 | 10:30 PM ET

    June 23- Ford Motor Co will test new car-sharing programs with U.S. and UK partners as part of a strategy to embrace alternatives to traditional car ownership, including more flexible on-demand models. Ford's finance arm is launching pilot car-sharing programs with Getaround in the United States and easyCar Club in London, Ford Chief Executive Officer Mark...

  • PALO ALTO, Calif./ DETROIT, June 23- Ford Motor Co is joining other global automakers in stepping up efforts to roll out self-driving cars, company executives said on Tuesday. Ford has lagged behind competitors, notably General Motors Co, Volkswagen AG's Audi, Daimler AG's Mercedes-Benz and Tesla Motors Inc, which have all announced plans to begin offering...

  • PALO ALTO, Calif., June 23- Ford Motor Co said on Tuesday that it will expand driver-assisted technologies across its global vehicle lineup within five years. Ford, which is increasing its presence in Silicon Valley, said it will appoint 29- year Ford veteran Randy Visintainer as director of autonomous vehicle development. Ford's moves come as rival automakers...

  • June 23- U.S. auto safety regulators said on Tuesday their estimate for the millions of vehicles affected by the Takata Corp air bag recall will likely be revised because cars with two front air bags were double-counted. The National Highway Traffic Safety Administration has come under fire for failing early on to catch the defective Takata air bag inflators,...

  • WASHINGTON— Senators threatened Tuesday to withhold additional funding from the nation's top auto safety agency until it improves its ability to spot defective parts like Takata Corp.' s exploding air bags. The Senate Commerce Committee met to grill Takata on its ongoing recall of 33.8 million air bags, the largest recall in U.S. history.

  • At the industry's biggest annual conference in Cannes this week the main topic of conversation among the 13,000 delegates is the 18 companies- from consumer products giants Proctor& Gamble and Unilever to automakers like BMW and Volkswagen- that have decided to re-think which agencies they want for marketing advice. The reviews are an unnerving prospect for...

  • June 23- U.S. auto safety regulators on Tuesday said their estimate for the millions of vehicles affected by the Takata air bag recall will likely be revised because cars with two front air bags were double-counted. The Obama administration last month said it was doubling the number of vehicles involved to nearly 34 million, making the Takata recall the largest...

  • MOSCOW, June 23- Russian automaker Avtovaz resumed production at its car assembly lines on Tuesday after experiencing problems with the supply of auto parts, the company said.

  • Watch out! Auto sales' long climb nears top: Study Tuesday, 23 Jun 2015 | 12:02 AM ET
    A customer ooks at a Ford vehicle on the showroom floor at a Ford AutoNation car dealership in North Miami, Florida.

    A new study says the current run of auto sales will continue through next year before finally pulling back.

  • DETROIT June 23- The pace of growth for global auto demand will slow to a 2.6 percent annual rate over the next seven years, and U.S. sales could hit their peak in 2016, according to a forecast released Tuesday by AlixPartners, a consulting firm that works extensively with global automakers. The U.S. market could hit a cyclical trough at about 15 million vehicles for...

  • Is there a bubble in subprime auto loans? Monday, 22 Jun 2015 | 2:11 PM ET
    Is there a bubble in subprime auto loans?

    CNBC's Phil LeBeau reports subprime loans bottomed out in 2009, and has moved higher, but not as high as in 2007.