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Automobiles and Components

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  • DETROIT, Jan 16- U.S. safety regulators said on Friday they have opened an investigation into an estimated 50,415 newer Jeep Cherokee SUVs, a key model for the profitability of Fiat Chrysler Automobiles, after receiving complaints of engine compartment fires. The U.S. National Highway Traffic Safety Administration said it opened the preliminary evaluation...

  • DETROIT— U.S. auto safety regulators are investigating engine compartment smoke or fire complaints in two Jeep Cherokees, and air bags that didn't inflate properly in two Nissan Rogues. The National Highway Traffic Safety Administration says in documents posted on its website Friday that the Cherokee probe covers 50,000 of the SUVs from the 2015 model year.

  • US factory output rises 0.3 percent in December Friday, 16 Jan 2015 | 9:17 AM ET

    WASHINGTON— U.S. factory production rose in December as manufacturers churned out more furniture, computers and clothing, offsetting a decline in autos. Factory production increased 0.3 percent last month, the Federal Reserve said Friday, its fourth straight gain. "Manufacturing has been a growth driver throughout the U.S. recovery from the Great Recession,...

  • Chinese-built Volvos arriving in US  Friday, 16 Jan 2015 | 7:41 AM ET

    CNBC's Phil LeBeau reports on the first China-built cars to arrive later this year and provides an inside look on automobile sales in China.

  • Ford to raise German production as demand rebounds Friday, 16 Jan 2015 | 6:02 AM ET

    *Ford to add six weekend shifts in Jan-Feb at Cologne. The U.S. carmaker will raise output of its Fiesta hatchback at Cologne, its main European plant, by 300 vehicles a day starting in February to 1,850.. EU car sales may keep growing this year by as much as 5 percent after a 5.7 percent increase in 2014, Hanover- based NordLB analyst Frank Schwope said, citing demand...

  • UPDATE 1-European car sales return to growth in 2014 Friday, 16 Jan 2015 | 4:19 AM ET

    FRANKFURT, Jan 16- European Union passenger car registrations rose 5.7 percent in 2014, thanks to government incentives, tax breaks and a consumer shift to cheaper brands like Dacia and Skoda that helped the market to return to growth after six consecutive years of declining sales. An 18 percent rise in demand in Spain and a 9.3 percent increase in...

  • MILAN— Europe's automakers' association ACEA has confirmed that the industry's six-year decline ended last year, reporting a 5.7- percent increase in car sales in 2014 to 12.5 million vehicles. Carlos Ghosn, the CEO of Nissan and Renault, said this week at the Detroit Motor Show that he expects European growth this year to be slow, around 1 percent to 2 percent.

  • TOKYO, Jan 16- Japanese Transport Minister Akihiro Ohta said on Friday his ministry was considering whether to revise existing laws to beef up oversight of auto parts suppliers in the wake of massive recalls of auto parts maker Takata Corp's air bags. The spate of Takata- related recalls- more than 20 million cars have been recalled worldwide over faulty air bags-...

  • TOKYO, Jan 16- Japanese Transport Minister Akihiro Ohta said on Friday the ministry was considering whether it needs to revise existing laws to inspect auto parts companies in the wake of massive Takata Corp recalls. Millions of cars have been recalled worldwide over Takata's air bags, which can explode with too much force and spray shrapnel in cars.

  • *Ibiden, Shinko Electric fall on Intel's weaker-than-expected forecast. TOKYO, Jan 16- Japan's Nikkei share average fell 2.3 percent on Friday morning after U.S. stocks dropped for a fifth day and the yen rose after Switzerland abandoned its cap on the franc, hurting Japanese exporters such as electronics and car manufacturers. nearing a one-month low of...

  • MOSCOW, Jan 15- Forecasts for a more than 24 percent drop in car sales in Russia this year are "optimistic," automakers said on Thursday, suggesting the rouble slump could mean further price rises or the end of foreign imports. Joerg Schreiber, chairman of the AEB Automobile Manufacturers Committee, expected 1.89 million new passenger cars and light commercial...

  • MUMBAI, Jan 15- The Reserve Bank of India surprised markets with a 25 basis point reduction in interest rates on Thursday and signaled it could cut further, amid signs of cooling inflation and what it said was a government commitment to contain the fiscal deficit. While the early move was unexpected, aggressive reductions in rates have been seen as likely over the...

  • Innovation, optimism on display at Detroit auto show Wednesday, 14 Jan 2015 | 5:32 PM ET

    DETROIT— The mood is exuberant at this year's North American International Auto Show. Automakers are flush with profits and the show gleams with performance cars, beefy trucks and exciting experiments, from plug-in hybrids to cars carved by a 3- D printer. And I'm looking at 2015 and saying,' I can't even find a baby black swan,' "said Mike Jackson, CEO of the AutoNation...

  • Google expects public in driverless cars in 2 to 5 years Wednesday, 14 Jan 2015 | 4:59 PM ET

    DETROIT— The head of self-driving cars for Google expects real people to be using them on public roads in two to five years. Chris Urmson says the cars would still be test vehicles, and Google would collect data on how they interact with other vehicles and pedestrians. The small, bulbous cars without steering wheels or pedals are being tested at a Google facility in...

  • DETROIT, Jan 14- Internet search company Google Inc has begun discussions with most of the world's top automakers and has assembled a team of traditional and nontraditional suppliers to speed efforts to bring self-driving cars to market by 2020, a Google executive said on Wednesday. They've got a lot to offer, " Chris Urmson, director of Google's self-driving...

  • GM sets company sales record but falls behind Volkswagen Wednesday, 14 Jan 2015 | 3:25 PM ET

    DETROIT— General Motors Co. set a company record last year for global sales, but it was outsold by German automaker Volkswagen AG. Sales rose 14 percent in China and 6 percent in North America, but fell 10 percent in Europe— where GM has begun pulling out the Chevrolet brand— and 15 percent in South America, where sales were hurt by currency fluctuations and other...

  • Google partners with auto suppliers on self-driving car Wednesday, 14 Jan 2015 | 2:02 PM ET

    DETROIT, Jan 14- Internet company Google Inc has begun discussions with most of the world's top automakers and has assembled a team of traditional and nontraditional suppliers to speed up efforts to bring self-driving cars to market by 2020, a top Google executive said on Wednesday. They've got a lot to offer, " Chris Urmson, director of Google's self-driving car...

  • DETROIT, Jan 14- General Motors Co Chief Executive Officer Mary Barra said on Wednesday the largest U.S. automaker would increase its profit this year, as she counted on investors to give her a second chance after her first year behind the wheel was marred by a costly recall scandal. While GM gave no specific figures, it said it expects pretax earnings and profit...

  • DETROIT— The Detroit Auto Dealers Association Charitable Foundation Fund has awarded more than $4.2 million in grants over the past 15 years. Recipients include LACASA, which got $50,000; the Midnight Golf Program and SOS Community Services, which are getting $30,000 each; and Focus: HOPE, Neutral Zone and the Charles H. Wright Museum of African American History,...

  • DETROIT, Jan 14- General Motors Co on Wednesday forecast that its 2015 operating profit will increase from last year due mostly to growth in its two largest auto markets, China and the United States. Last year, Mary Barra's first as chief executive officer of the Detroit company, GM dealt with the recall of 2.6 million cars due to the faulty switch that led to...