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Automobiles and Components

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  • NEW DELHI, Jan 22- Tata Motors Ltd, India's top automaker by revenue, is looking to shake off its image as a taxi supplier by targeting younger customers with its new Bolt hatchback model. "For a long time Tata Motors has been selling to fleet customers, and selling to them is very different from selling to individuals and families," said Mayank Pareek, president of Tata...

  • Hyundai blamed unfavorable foreign exchange rates for the lower earnings. Even though the South Korean won fell against the U.S. dollar in favor of Hyundai, it rose against the Russian ruble and the currencies of other emerging market nations. For this year, Hyundai forecast sales will grow just 1.8 percent to 5.05 million vehicles, the weakest growth in recent...

  • SEOUL, Jan 22- South Korea's Hyundai Motor Co on Thursday reported a fourth straight quarterly profit decline, pulled down by a plunge in the Russian rouble and increased buying incentives in the United States. Hyundai, the world's fifth-biggest automaker when coupled with affiliate Kia Motors Corp, splashed out on land for new headquarters as economic...

  • SEOUL, Jan 22- South Korea's Hyundai Motor Co on Thursday said net profit reached 1.66 trillion won in October-December, missing analyst estimates, in part because a decline in the rouble pulled down income earned in Russia. Revenue totalled 23.57 trillion won from 21.94 trillion won a year prior, said the automaker- the world's fifth-biggest when paired with...

  • Low gas prices, incentives change math for electric cars Wednesday, 21 Jan 2015 | 4:57 PM ET

    U.S. gas prices have fallen more than $1 per gallon over the last 12 months, to a national average of $2.06, according to AAA. Incentives averaged $4,159 per electric car last year, up 68 percent from 2013, according to Kelley Blue Book. The discounting, combined with new vehicles such as the BMW i3, the electric Kia Soul and the Mercedes B Class, boosted sales of...

  • Hot car gazing  Wednesday, 21 Jan 2015 | 2:57 PM ET

    Mecum Auctions founder Dana Mecum, provides insight to the strength of the classic car market.

  • Jan 21- JPMorgan Chase& Co got a painful reminder on Wednesday that we all have to live with our mistakes, even a clerical mix-up that could cost $1.5 billion. A federal appeals court in Manhattan ruled on Wednesday that, although it was not JPMorgan's intention, it clearly authorized its law firm to file papers in 2008 that unsecured much of a loan to General Motors.

  • UPDATE 1- Volvo names new U.S. chief as sales decline Wednesday, 21 Jan 2015 | 10:18 AM ET

    He will report to Volvo CEO Hakan Samuelsson. "Volvo is not only in the U.S. to stay, it is in the U.S. to prosper." Volvo faces an uphill battle in the U.S. market, the world's second largest behind China, given the product onslaught from the German luxury automakers BMW and Daimler's Mercedes, the renaissance at Toyota Motor Corp's Lexus brand and the turnaround efforts...

  • Volvo names new U.S. sales chief as sales decline Wednesday, 21 Jan 2015 | 9:22 AM ET

    He will report to Volvo CEO Hakan Samuelsson. "Volvo is not only in the U.S. to stay, it is in the U.S. to prosper." Volvo faces an uphill battle in the U.S. market, the world's second largest behind China, given the product onslaught from the German luxury automakers BMW and Daimler's Mercedes, the renaissance at Toyota Motor Corp's Lexus brand and the turnaround efforts...

  • *Sales seen slumping in Japan, Indonesia. TOKYO, Jan 21- Toyota Motor Corp projected a drop in vehicle sales for the year ahead, its first such bearish forecast in at least 15 years, as flagging demand in Japan, Indonesia and other key markets raises the chance that Volkswagen will steal the industry crown. Toyota said on Wednesday it expects 2015 global vehicle sales,...

  • *Sales seen slumping in Japan, Indonesia. TOKYO, Jan 21- Toyota Motor Corp projected a drop in annual vehicle sales for the first time in at least 15 years as demand slumps in Japan, Indonesia and other key markets, raising the chance of Volkswagen stealing the industry crown this year. Toyota said on Wednesday it expects 2015 global vehicle sales, including those of...

  • UPDATE 1-Toyota, in unusual move, flags sales fall in 2015 Wednesday, 21 Jan 2015 | 12:53 AM ET

    *Sales seen slumping in Japan, Indonesia. TOKYO, Jan 21- Toyota Motor Corp took the unusual step of projecting a drop in annual vehicle sales on Wednesday in a move that could see Volkswagen steal the industry crown this year as demand slumps in Japan, Indonesia and other key markets. Toyota said on Wednesday it expects 2015 global vehicle sales, including those of...

  • Toyota remains top in global vehicle sales, beats VW, GM Wednesday, 21 Jan 2015 | 12:12 AM ET

    TOKYO— Toyota Motor Corp. stayed at the top in global vehicle sales in 2014, taking that auto industry crown for the third year straight, but was less upbeat about this year. The Japanese automaker sold 10.23 million vehicles, beating out Volkswagen and General Motors. Detroit- based General Motors Co. was third at 9.92 million vehicles, a company record and 2...

  • TOKYO— Toyota stayed top in global sales at 10.23 million vehicles in 2014, taking that auto industry crown for the third year straight. But in the numbers released Wednesday, Toyota Motor Corp. was less upbeat about the future. Volkswagen AG of Germany has said it sold 10.14 million vehicles in 2014. Detroit- based General Motors Co. was third at 9.92 million...

  • TOKYO, Jan 21- Toyota Motor Corp said on Wednesday it expects its vehicle sales to fall slightly in 2015 in a move that could see rival Volkswagen AG steal the industry crown this year. Toyota said it expects 2015 group-wide global sales to fall about 1 percent to 10.15 million vehicles as demand stalls in emerging markets such as China and Indonesia, as well as in...

  • The new consumer frenzy: Everyone's buying cars Tuesday, 20 Jan 2015 | 11:46 AM ET
    A salesperson, left, shows vehicles to a shopper at the Toyota of Deerfield dealership in Deerfield Beach, Fla., last October.

    Across the country, auto dealerships are experiencing a rare combination: strong demand, strong pricing and no sign of it slowing down in the near future.

  • Hyundai was among the leaders in every category, ranking number three overall behind Toyota Motor Corp and Robert Bosch. Hyundai, which along with sister company Kia Motor is fifth in global sales, has outperformed the overall auto market thanks to its stylish, yet affordable models, but experts say the duo lacks a technological edge to better compete with...

  • Uber's 'amateur' taxi drivers  Monday, 19 Jan 2015 | 11:40 AM ET

    With Uber eyeing a huge European expansion, Steve McNamara, general secretary of the Licensed Taxi Drivers Association, says he's convinced that the firm's operations in London are "not legal" and that Uber "employs a lot of amateurs, who want to be taxi drivers."

  • ISTANBUL, Jan 19- Turkish auto maker Karsan will begin building light commercial vehicles for Korea's Hyundai Motor Co. in March, it said on Monday. The agreement between the two carmakers calls for production of 200,000 minivans and small trucks over the next seven years, according to a filing with the Istanbul stock exchange. Hyundai said in May that it would...

  • PARIS, France, Jan 19- French carmaker Renault will make "massive investments" in China, it said on Monday, aiming to ramp up sales of locally-built vehicles in the world's biggest car market and cut its dependence on cash-strapped Europeans. Renault has lagged European rivals such as France's PSA Peugeot Citroen and Germany's BMW and Mercedes in expanding in...