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Automobiles and Components

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  • Connecticut DMV won't allow three-wheeled vehicle Thursday, 18 Dec 2014 | 5:56 AM ET

    HARTFORD, Conn.— The Connecticut Department of Motor Vehicles has rejected an attempt to vehicle maker Polaris to have its three-wheeled Slingshot classified as a motorcycle. Polaris was seeking the designation to allow owners to register the vehicles and use them on Connecticut roads. The Waterbury Republican-American reports the DMV sent a letter to...

  • TOKYO, Dec 18- The head of Japan's auto lobby on Thursday said a "sense of crisis" hung over the industry, with unexpectedly weak domestic sales revealing the failure of government stimulus policies and currency turmoil hitting key export markets. Japan Automobile Manufacturers Association Chairman Fumihiko Ike said an April sales tax hike was only partly to...

  • MEXICO CITY, Dec 17- Nissan Motor Co Ltd said on Wednesday it has ordered the recall of more than 80,000 vehicles sold in Mexico to check for potential defects stemming from air bags made by Japanese company Takata Corp.. Honda Motor Co Ltd, BMW and Toyota Motor Corp have also ordered recalls over the air bags this month, according to Profeco. Separately, the Mexican...

  • New tech, cops put wheelmen out of work Wednesday, 17 Dec 2014 | 3:15 PM ET

    Car theft has plunged 58 percent since its all-time high, according to new FBI data.

  • UPDATE 2-Regulators extend tax probe to all 28 EU nations Wednesday, 17 Dec 2014 | 10:52 AM ET

    BRUSSELS, Dec 17- European Union competition regulators have asked all 28 member countries for details of tax deals made with companies between 2010 to 2013, broadening their investigation into corporate tax avoidance. The move by the European Commission follows ongoing inquiries into Luxembourg's tax rulings for carmaker Fiat Chrysler and online giant...

  • *Honda CEO frustrated by Takata failure to explain defect. *Takata says Honda did not disclose any faults uncovered. Two senior Honda insiders, who asked not to be named, said the tests on 100-150 Takata air bags at Honda's quality centre near Utsunomiya, north of Tokyo, in the first half of this year indicated shortcomings in Takata's manufacturing quality and...

  • Senate approves new auto safety chief Tuesday, 16 Dec 2014 | 8:32 PM ET

    WASHINGTON— The Senate on Tuesday confirmed a new administrator to lead the government's auto safety agency, which faces complaints that regulators bungled two high-profile recalls involving faulty ignition switches and exploding air bags. Mark Rosekind, 59, a leading expert on human fatigue, was approved by voice vote to head the National Highway Traffic...

  • Chrysler renames itself as FCA US Tuesday, 16 Dec 2014 | 10:17 AM ET

    Dec 16- U.S. automaker Chrysler Group LLC said it had changed its name to FCA US LLC effective immediately to follow the naming convention of its parent Fiat Chrysler Automobiles NV. Earlier this year Fiat completed its purchase of all outstanding Chrysler shares, and listed the company on the New York Stock Exchange in October. FCA US employs more than 77,000...

  • BEIJING, Dec 16- Chinese authorities said on Tuesday that Honda Motor Co. and its two joint ventures in China would recall 569,769 cars due to potentially defective air bags which the carmaker said were made by Japan's Takata Corp.. Honda, Takata's biggest customer, alone has recalled 13.4 million cars, primarily in the United States. A Beijing- based Honda...

  • Fiat's Chrysler Group changes its name to FCA US Tuesday, 16 Dec 2014 | 7:56 AM ET

    AUBURN HILLS, Mich.— Chrysler Group LLC has changed its name to FCA US LLC. The move was part of Fiat Chrysler Automobiles' renaming of its mass-market brands. The automaker said Tuesday that the name change follows the naming convention of its parent company, Fiat Chrysler Automobiles N.V., which adopted its name in October when it listed on the New York Stock...

  • UAW head: Companies can raise pay, be competitive Monday, 15 Dec 2014 | 12:28 PM ET

    DETROIT— United Auto Workers President Dennis Williams says he's not buying the Detroit Three automakers' argument against wage increases for longtime workers. Williams told reporters at a meeting Monday that keeping Detroit competitive with foreign automakers can't always be done on the backs of workers. Both sides will have to balance the competing...

  • Uberpop is a 'danger' to French customers  Monday, 15 Dec 2014 | 4:50 AM ET

    The French government has announced they will ban Uber service Uberpop from January 1st 2015. CNBC's Stephane Pedrazzi discusses further.

  • How BlaBlaCar differs from Uber  Monday, 15 Dec 2014 | 4:45 AM ET

    With Uberpop being banned in France from 1st January 2015, Nicolas Brusson, co-founder and COO of BlaBlaCar, discusses how his company differs by focusing on long distance journeys.

  • BERLIN, Dec 15- Volkswagen's ultra-luxury brand Bentley has raised its target for sales as the British carmaker plans to add models such as its first ever sport-utility vehicle, Frankfurter Allgemeine Zeitung reported on Monday. Bentley is now targeting 20,000 annual deliveries by 2020, double its 2013 sales and an expansion of the brand's original goal of...

  • Volvo to launch online car sales in marketing shift Monday, 15 Dec 2014 | 12:00 AM ET

    PARIS, Dec 15- Volvo Car Corp said it will start selling vehicles online as it rolls out new models to compete with German luxury rivals such as BMW. "The plan is to have all our car lines in all our markets offered digitally," Volvo sales chief Alain Visser said in an interview. But Volvo has assured its 2,000 global dealerships, half of which are in Europe, that it has no...

  • Lost car keys? You may not need them anymore Sunday, 14 Dec 2014 | 12:00 PM ET

    Auto recalls are adding momentum to a broad industry shift away from conventional ignition switches.

  • TOKYO, Dec 14- Takata Corp. has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, according to people involved. Takata, whose exploding air bags have caused five deaths and a recall of more than 20 million vehicles...

  • Australia’s auto industry crashes in slow motion Friday, 12 Dec 2014 | 4:24 PM ET

    There has been a car industry in Australia for about as long as there have been cars. But within two or three years, the last of the continent’s auto plants will go dark.

  • Big Island brothers' T-shirts commemorate lava Friday, 12 Dec 2014 | 2:42 PM ET

    HILO, Hawaii— Two Hawaii brothers are selling concert-like T-shirts commemorating a Big Island lava flow as a way to make money in case the molten rock burns down their auto parts store. The lava from Kilauea volcano has been threatening homes, business and roads for months after slowly creeping into the small town of Pahoa. They came up with the idea in October,...

  • Auto dealer chain to pay fine for deceptive ads Friday, 12 Dec 2014 | 12:22 PM ET

    IOWA CITY, Iowa— A family-owned chain of automobile dealerships located in Iowa, Montana and South Dakota will pay a $360,000 civil penalty for running misleading ads, federal regulators announced Friday. The complaint named Billion dealerships in Iowa City, Clive and Sioux City, Iowa; Sioux Falls, South Dakota; and Billings, Montana. Their ads routinely reach...