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Automobiles and Components

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  • FRANKFURT, Oct 14- German car and truck maker Daimler reported a 29- percent jump in quarterly core earnings at Mercedes-Benz Cars, its biggest business, surprising investors wary of an economic slowdown and pushing its shares higher. Mercedes posted its best-ever quarterly sales in the third quarter through September thanks to the release of new models and...

  • New study says most can't afford used cars Tuesday, 14 Oct 2014 | 12:04 AM ET

    A new study says millions others cannot afford to buy the average used vehicle in their city.

  • *FCA opens at $9.00 in New York, closes in Milan at 7.03 euros. MILAN/NEW YORK, Oct 13- Fiat Chrysler Automobiles made its Wall Street debut to great fanfare on Monday, shifting the carmaker's center of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionne. FCA shares opened at $9.00 in New York, up from a...

  • Most expensive Ferrari ever     Monday, 13 Oct 2014 | 1:50 PM ET

    The most infamous name in sports cars has unveiled its most expensive product ever. CNBC's Robert Frank reports the details.

  • Behind Fiat's duel listing     Monday, 13 Oct 2014 | 1:22 PM ET

    CNBC's Phil LeBeau discusses Fiat Chrysler's plans for growth and expansion.

  • EPS $1.30- $1.32 vs prior forecast $1.36- $1.38. *Shares of rivals AutoNation, Penske, others also fall. Shares of rivals AutoNation Inc fell 5 percent, also erasing its gains this year.

  • Fiat Chrysler shares fall in 1st day on NYSE Monday, 13 Oct 2014 | 12:15 PM ET
    Sergio Marchionne

    Shares of Fiat Chrysler jumped as the market opened, but fell later in the morning after making their NYSE debut.

  • Mayor: Toledo, Fiat Chrysler should work together Monday, 13 Oct 2014 | 11:18 AM ET

    TOLEDO, Ohio— Toledo's mayor isn't about to pick a fight with Fiat Chrysler Automobiles, even if it pulls Jeep Wrangler production out of the city where the vehicle's roots date to World War II. United Auto Workers officials have said their first priority is to convince the automaker to keep the Wrangler in Toledo. Jeep's origins in the city go back to 1941, when...

  • DEARBORN, Mich., Oct 13- Ford Motor Co said on Monday it will add 850 hourly jobs at its Dearborn, Michigan, facilities to support the launch of the redesigned, aluminum-intensive 2015 F-150 pickup truck. Morgan Stanley analyst Adam Jonas in a research note last week cut his price target for Ford's stock, citing the company's recent profit warning and the likelihood...

  • Fiat Chrysler's NYSE debut     Monday, 13 Oct 2014 | 10:33 AM ET

    Fiat Chrysler is open for trading at the NYSE. CNBC's Phil LeBeau discusses the company's plans for growth and raising capital.

  • Fiat's NYSE debut: Don't call it an IPO     Monday, 13 Oct 2014 | 9:10 AM ET

    Fiat Chrysler is set to debut at the NYSE today. CNBC's Phil LeBeau discusses the return of Chrysler related stocks to the U.S. market.

  • Oct 13- Car seller Lithia Motors Inc estimated its quarterly profit missed its forecast as used car prices fell, driving down the company's shares nearly 11 percent in premarket trading. Lithia Motors said it now expects $1.30- $1.32 per share in adjusted earnings from continuing operations for the third quarter ended Sept. 30- below its forecast of $1.36- $1.38.

  • The Ferrari 458 Speciale.

    Fiat Chrysler CEO Sergio Marchionne is now Ferrari Chairman. CNBC's Robert Frank asked Marchionne about the future of the brand, and which are his favorite models.

  • Fiat listing on NYSE today     Monday, 13 Oct 2014 | 7:44 AM ET

    Fiat will list on the NYSE Monday. CNBC's Phil LeBeau reports on the company's aggressive global road map. David Shepardson, The Detroit News, provides perspective.

  • *FCA trading on NYSE opens 1330 GMT, followed by Milan. MILAN, Oct 13- Fiat Chrysler Automobiles makes its Wall Street debut to great fanfare on Monday, shifting the carmaker's centre of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionne. Analysts think the U.S. auto industry is nearing a peak, while...

  • Growth slows in China passenger vehicle sales Monday, 13 Oct 2014 | 4:29 AM ET

    BEIJING— Growth in China's car sales slowed again in September while the country's own auto brands increased their market share slightly. Global automakers are looking to China to drive global sales but growth has slowed steadily from May's rate of 13.9 percent as the world's second largest economy cools. The China Association of Automobile Manufacturers...

  • CAPE TOWN, Oct 13- South Africa's competition authorities are investigating price fixing and collusive tendering in the automotive industry, with top Japanese component suppliers Panasonic and Mitsubishi Electric Corp among those being probed. Information received by the Competition Commission suggested collusion among automotive component...

  • Balances remaining on auto loans have risen by about a third since April 2011, reaching an all-time high of $924.2 billion in August, according to credit reporting bureau Equifax. The Consumer Financial Protection Bureau said in September that it is taking steps to oversee auto lenders that have previously been less regulated, and companies like GM Financial...

  • Acura recalls 43,000 vehicles for seat belt issue Sunday, 12 Oct 2014 | 1:59 PM ET

    TORRANCE, Calif.— Acura says it is recalling 43,000 vehicles in the U.S. to replace both front seat belts. The car maker owned by Honda Motor Co says that in temperatures below zero degrees Fahrenheit, the seat belts might not release. Acura says no injuries have been reported related to the seat belts.

  • Fiat Chrysler crowns merger with Wall Street debut Sunday, 12 Oct 2014 | 6:29 AM ET

    *FCA trading on NYSE opens 1330 GMT Monday, followed by Milan. *Wall Street debut comes at difficult time for auto industry. MILAN, Oct 12- Fiat Chrysler Automobiles makes its Wall Street debut to great fanfare on Monday, shifting the carmaker's centre of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio...