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Automobiles and Components

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  • TOKYO, Oct 28- Honda Motor Co Ltd cut its sales forecasts for this year citing competition in Japan and China as well as the impact of recalls on new model launches, but said a weak yen will help it stick to its operating profit estimate at 770 billion yen. The results came after U.S. consumers filed a lawsuit against Honda and other car makers as well as Takata Corp in...

  • Honda profit rises on weak yen, lowers forecast Tuesday, 28 Oct 2014 | 2:49 AM ET

    TOKYO— Honda's net profit for the July-September quarter surged nearly 18 percent but the Japanese automaker lowered its earnings forecast for the full year Tuesday, pointing to difficulties in China and its home Japan market. Like several other automakers, Honda's usually pristine image for quality is being clouded by a massive recall spanning 12 million...

  • Honda Motor Q2 profit falls 4 pct, misses estimates Tuesday, 28 Oct 2014 | 2:10 AM ET

    TOKYO, Oct 28- Honda Motor Co on Tuesday reported a 4.1 percent fall in second-quarter profit, missing analyst estimates, as it struggles with product recalls in the United States and Japan that could delay the development of new models. The result comes as U.S. consumers announced a lawsuit against Honda in relation to its recall of over 5 million cars carrying...

  • GM to build more Chevy Volt parts in Michigan Tuesday, 28 Oct 2014 | 12:00 AM ET

    DETROIT, Oct 28- General Motors Co will shift production of the transmission on the 2016 Chevrolet Volt from Mexico to Michigan, the automaker said. Chief Executive Mary Barra plans to make the announcement Tuesday at the Detroit Economic Club. The Volt and its pricy two-door companion, the Cadillac ELR, are assembled at the Detroit- Hamtramck plant.

  • Oct 27- Takata Corp, the Japanese company whose potentially defective airbags have led to the recall of millions of vehicles, was sued on Monday by consumers who claimed Takata and several car manufacturers defrauded them by concealing crucial information. If that status is granted, it could subject Takata to a larger payout in a trial or settlement than if...

  • Oct 27- Takata Corp, the Japanese company whose potentially defective airbags have led to the recall of millions of vehicles, was sued on Monday by consumers who claimed Takata and several car manufacturers defrauded them by concealing crucial information.

  • LAWSUIT AGAINST TAKATA, CAR MANUFACTURERS ALLEGES CLAIMS INCLUDING FRAUD AND BREACH OF WARRANTY, SEEKS DAMAGES, DISGORGEMENT OF PROFITS.

  • After a series of perceived failures at the National Highway Transportation Safety Administration, David Friedman, who has served this year as acting head of the agency, is not expected to be tapped by the Obama administration for the job, the source said. The agency has been sharply criticized for responding slowly to repeated red flags of a deadly ignition...

  • BEIJING/ TOKYO, Oct 28- Japan's Takata Corp, whose potentially defective car air bags have been linked to four deaths in the United States, is unlikely to be dumped by its automaker customers given the cost and disruption of such a move- for now. But over the coming few years, as the next new models are designed and built, loyalty to Tokyo- based Takata, the world's No.2...

  • DETROIT, Oct 27- U.S. safety regulators have opened an investigation of Chrysler Group's handling of two recalls for potential steering issues affecting nearly 1 million Dodge Ram pickup trucks in the United States. Chrysler Group regrets any inconvenience our customers may have experienced. " Jake Fisher, director of automotive testing at Consumer Reports,...

  • Toyota tops Consumer Reports reliability rankings Monday, 27 Oct 2014 | 12:54 PM ET

    DETROIT— Toyota continues its winning streak atop Consumer Reports' annual reliability rankings. Toyota beat out General Motors and Volkswagen in sales for the first nine months. Mazda, Honda and Subaru joined Toyota in the top ten.

  • DETROIT, Oct 27- Toyota Motor Corp's namesake brand and its Lexus luxury brand finished one-and-two for the second year in a row in Consumer Reports' annual quality survey of the U.S. new-vehicle market, the influential magazine said on Monday. The four lowest-scoring brands were all from Fiat Chrysler Automobiles' Chrysler Group, as were five of the bottom seven.

  • WASHINGTON, Oct 27- A program that compensates victims of accidents caused by a faulty ignition switch in General Motors vehicles has approved one new death claim, bringing to 30 the total number of fatalities linked to the issue so far, according to a report on Monday. Since it began accepting claims on Aug. 1, the program has received 1,580 claims for deaths and...

  • Tesla announces happiness guarantee     Monday, 27 Oct 2014 | 11:54 AM ET

    CNBC's Phil LeBeau reports Tesla has begun offering a "happiness guarantee" in which leasing customers of the Model S can return the car within 3 months if they're not happy.

  • DETROIT, Oct 27- U.S. safety regulators have opened an investigation of Chrysler Group's handling of two recalls for potential steering issues affecting nearly 1 million Dodge Ram pickup trucks in the United States. The U.S. National Highway Traffic Safety Administration said in documents posted online that it was looking at the slow execution of the two...

  • DETROIT, Oct 27- J.D. Power& Associates and LMC Automotive on Monday forecast that U.S. new vehicle sales for October would show a rise of 6 percent from a year ago to 1.27 million vehicles, which translates to an annualized selling rate of 16.3 million vehicles. This would be the highest level of new vehicle sales for October since 2004, the industry consultancies...

  • Deaths linked to GM's ignition switch rise to 30 Monday, 27 Oct 2014 | 11:13 AM ET

    WASHINGTON, Oct 27- A program to compensate victims of mishaps caused by a faulty ignition switch in General Motors' vehicles has approved one new death claim, bringing the total number of deaths linked to the switch so far to 30, according to a report released on Monday by the lawyer overseeing the program. Since it began accepting claims on Aug. 1, the program has...

  • Toyota holds the top in global vehicle sales Monday, 27 Oct 2014 | 9:58 AM ET

    Toyota kept its lead over rivals as the world's top-selling automaker in the first nine months of the year, reporting record sales of 7.615 million vehicles.

  • Honda Q2 profit to rise, but recalls cloud outlook Monday, 27 Oct 2014 | 5:32 AM ET

    Honda said it would re-examine its process for developing cars, a move that could delay their debuts. The Fit recalls come on top of more than 5 million cars that Honda has called back in the United States over unrelated issues with Takata Corp's potentially defective airbags that have been linked to four deaths in Honda's single-biggest market.

  • The SUV goes from All-American to global star Monday, 27 Oct 2014 | 3:01 AM ET

    It's a surprising rebirth for a vehicle that was the subject of obituaries when gas prices spiked in 2008. Automakers won back customers by making smaller, more fuel-efficient SUVs that also appealed to newly wealthy buyers in Asia and South America and former skeptics in Europe. In China they're a status symbol. By 2018, analysts expect China to be the biggest...