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Automobiles and Components

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  • DETROIT, March 31- Honda Motor Co has joined Daimler AG's Mercedes-Benz in testing self-driving vehicles and technologies on private roads at a former U.S. naval facility outside San Francisco, the Japanese automaker said Tuesday. Honda also is a partner in the University of Michigan's Mobility Transformation Center, which plans to open a similar testing...

  • Sneak peek at McLaren's 570S Coupe   Tuesday, 31 Mar 2015 | 6:53 AM ET
    Sneak peek at McLaren's 570S Coupe

    CNBC's Robert Frank heads to the New York Auto Show to get a look at McLaren's new Sports Series model. It's priced at $185,000 and will complete against Porsche, Lamborghini and Ferrari.

  • Harman buying Bang & Olufsen Automotive audio business Tuesday, 31 Mar 2015 | 6:37 AM ET

    NEW YORK— The audio and electronic systems company Harman International Industries Inc. will buy Bang& Olufsen Automotive for about $157.3 million. Bang& Olufsen makes sound systems, which are available in high-end luxury cars including Audi, Aston Martin, BMW and Mercedes-Benz car models. Harman will assume all Bang& Olufsen Automotive customer programs, and...

  • SEOUL, March 31- Hyundai Motor Co Chairman Chung Mong- koo received a 2 percent pay rise to 5.72 billion won in 2014, a year that saw weakness in the rouble and yen contributing to sluggish earnings at the South Korean automaker. Earlier this month, Chief Executive Kim Choong- ho said Hyundai- the world's fifth-biggest automaker when coupled with affiliate Kia...

  • PARIS, March 31- French car parts maker Faurecia announced a joint-venture deal with Dongfeng, the Chinese state-controlled automotive group, in a move designed to increase its presence in the world's biggest autos market. Faurecia, majority-owned by PSA Peugeot Citroen, said on Tuesday the venture would target sales of 2 billion euros to Dongfeng and its...

  • SAO PAULO, March 30- Volkswagen AG has furloughed 4,200 workers at its second largest factory in Brazil for three weeks, a local union said on Monday, as disappearing demand forces carmakers in the country to manage excess capacity. As exports to Argentina have plunged and demand in Brazil hits its worst downturn in over a decade, VW is cutting a shift at the Taubate...

  • DETROIT, March 30- Elon Musk, the widely followed chief executive of electric car maker Tesla Motors Inc, tweeted several optimistic statements about the company's sagging China operations on Monday, sparking a sharp rebound the company's stock. On his Twitter feed around midday, Musk said that he was "very optimistic about Tesla's long-term future in China,...

  • DETROIT, March 30- Elon Musk, the widely followed chief executive of electric car maker Tesla Motors Inc, tweeted several optimistic statements about the company's sagging China operations on Monday, sparking a sharp rebound the company's stock. On his Twitter feed around midday on Monday, Musk said that he was "very optimistic about Tesla's long-term future in...

  • Volvo Cars plans to open its first US plant Monday, 30 Mar 2015 | 12:58 PM ET

    The $500 million plant will be Volvo's first car plant in North America. Volvo has been owned by Chinese automaker Geely Holding since 2010. It currently has two plants in Europe and two in China. Volvo CEO Hakan Samuelsson said the decision to open a U.S. plant highlights Volvo's long-term commitment to the U.S. market.

  • SAO PAULO, March 30- Volkswagen AG has furloughed 4,200 workers at its second largest factory in Brazil for three weeks, a local union said on Monday, as a demand crisis forces domestic carmakers to manage excess capacity. As exports to Argentina have plunged and demand in Brazil hits its worst downturn in over a decade, VW is cutting a shift at the Taubate plant and...

  • Toyota cuts price of automatic braking safety devices Monday, 30 Mar 2015 | 10:03 AM ET

    DETROIT— Those pricey high-tech systems that automatically stop or slow your car if it's about to run into something are getting a lot cheaper. Toyota says it will offer lower-cost versions of the safety features in new Lexus and Toyota SUVs that it's introducing this week at the New York auto show, and the cheaper devices will spread across most of the company's...

  • March 30- Toyota Motor Sales U.S.A Inc, a unit of Toyota Motor Corp, said it would offer low-cost automated braking safety packages to U.S. customers as an optional accessory for all its Toyota and Lexus cars by the end of 2017.. More importantly it will help prevent some crashes from ever happening in the first place, " Jim Lentz, Chief Executive, Toyota Motor North...

  • Lincoln Continental returns   Monday, 30 Mar 2015 | 9:20 AM ET
    Lincoln Continental returns

    Ford Motor President and CEO Mark Fields, discusses the reveal of the Lincoln Continental at the New York Auto Show. He says the company has developed the car for both China and U.S. customers.

  • TORONTO, March 30- The head of the Bank of Canada said a slump in oil prices is having an "atrocious" effect on the Canadian economy but a cheaper currency and incipient U.S. revival should help exports drive a recovery, the Financial Times reported on Monday. Governor Stephen Poloz said in an interview with the newspaper that the central bank still had many options...

  • NEW YORK, March 30- When General Motors Co takes the wraps off its new Cadillac CT6 on Tuesday the most important thing about the vehicle could be what is under its skin. The CT6, to be unveiled ahead of the April 3-12 New York auto show, is an expensive car aimed more at boosting Cadillac's brand image than sales volume. Automakers are under pressure in the United...

  • Volvo is in advanced talks with several U.S. states and will announce a location within weeks, Chief Executive Hakan Samuelsson said in embargoed comments made before the announcement. The plant will serve export markets as well as the United States, where Volvo is aiming for a return to annual sales of 100,000 vehicles. The choice of the United States over...

  • PARIS, March 27- French auto parts maker Valeo plans to draw on drone software and other military technologies from partner Safran to offer self-driving vehicle platforms to carmakers by the end of the decade. While demonstrating an autonomous car and other prototype systems jointly developed with Safran, the French defence and aerospace group, Valeo said on...

  • FRANKFURT, March 27- German carmaker Mercedes-Benz plans to launch a mid-sized pickup truck, expanding its premium brand into a lower-priced bracket in a bid to narrow the sales gap with arch rival BMW. The Mercedes pickup will initially target customers in Latin America, South Africa, Australia and Europe, and no decision has been made about whether to launch...

  • Time to invest in autonomous driving software   Thursday, 26 Mar 2015 | 11:24 PM ET
    Time to invest in autonomous driving software

    Hardeep Walia, CEO of Motif Investing shares his latest investment plan, the "connected car motif,' which invests in autonomous driving software companies.

  • Lululemon and Red Hat are big market movers Thursday, 26 Mar 2015 | 4:57 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Red Hat Inc., up $6.91 to $75.36. Winnebago Industries Inc., down $3.40 to $20.39.