Automobiles and Components
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The Raechel and Jacqueline Houck Safe Rental Car Act of 2013 would ban companies from renting a recalled vehicle until the safety hazard is fixed.
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JEFFERSON CITY, Mo.-- Missouri lawmakers are hoping the third time will be the charm in their quest to reinstate local taxes on cars, trucks and boats purchased from out-of-state dealers or in private transactions.
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*Sony jumps after hedge fund chief favors spinning off entertainment unit. *Electric carmaker Tesla Motors extends gains on raised sales outlook. "Earnings season is pretty well done, we don't really have any big economic points on the horizon," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
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DETROIT, May 13- Recent improvements in rapport between automakers and their supply base stalled this year, a survey showed on Monday, with suppliers complaining about lack of communication, last-minute engineering changes and inconsistency in management.
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Luxury electric automaker Fisker is on the verge of bankruptcy and now its Karma Sedan which once retailed for more than $100,000, are now going for cheap, with CNBC's Phil LeBeau.
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Unsafe cars, coupled with Brazil's often dangerous driving conditions, have resulted in a death rate from passenger car accidents that is nearly four times that of the U.S.
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May 11- Chrysler Group LLC is recalling about 469,000 SUVs worldwide to update software after some vehicles' circuit boards were found to be transmitting signals that trigger inadvertent gear shifts to neutral, the No. 3 U.S. automaker said Saturday.
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Included are 2006- to 2010- model-year Jeep Commanders and 2005 to 2010 Jeep Grand Cherokees, of which about 295,000 are in the United States, 28,500 are in Canada and 4,200 are in Mexico.
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DETROIT, May 10- A meeting of U.S. Fiat dealers are struggling to turn a profit selling several versions of the Fiat 500 subcompact and some dealers said they anxiously await more details from Chrysler and its Italian parent, Fiat SpA, on plans to expand products beyond what has been already announced.
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*North American production sales up 3 pct; 5 pct in Europe. Aurora, Ontario- based Magna credited rebounding North American auto demand and increased revenue from Europe, where its sales rose even though the industry overall has been hurt by lower production.
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DETROIT, May 10- U.S. safety regulators said on Friday they have opened an investigation into possible problems with the headlights on General Motors Co's model year 2005 to 2007 Chevrolet Corvette sports cars. An estimated 103,374 Corvettes in the United States are subject to the investigation.
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TORONTO, May 10- Auto parts maker Magna International Inc posted a higher-than-expected rise in first-quarter profit on Friday as its revenues climbed 9 percent, boosted by strong sales in North America. Net earnings climbed to $369 million, or $1.57 per share, in the quarter ended March 31 from $343 million, or $1.46 per share, a year earlier.
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YOKOHAMA, Japan, May 10- Nissan Motor Co projected a 22.6 percent rise in net income for its current business year as the weakening yen allows Japanese carmakers to cash in overseas profits at more favourable rates.
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Pat McCrory's office said Wednesday that ASMO North America's Greenville plant already employs more than 530 people who produce parts for front wipers and for radiator fan motors. The products are used by Toyota, Honda, Ford, Chrysler, General Motors, Hyundai, Kia, Nissan and BMW.
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Jake Fisher, Consumer Reports, explains why he gave the electric car a near-perfect rating of 99 out of 100.
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NEW YORK-- Shares of Tesla Motors Inc. soared before Thursday's opening bell, after the electric car maker posted its first quarterly net profit since it was founded a decade ago. Excluding one-time items, the company posted an adjusted profit of $15 million, or 12 cents per share.
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Consumer Reports, the independent firm which rates new cars and trucks, says the Tesla Model S performs better, or at least as well as, any other vehicle CR has ever driven.
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If you're looking for the airline where you'll have the best chance of cashing in frequent flier miles, you're best odds are with value airlines.
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*Toyota strong, Nomura hikes target by 30 pct. *Japan outperforms peers but still has upside- analyst. TOKYO, May 9- Japan's Nikkei share average rose for a third session on Thursday, buoyed by a record finish on Wall Street and strong European shares, and led by gains in Toyota Motor Corp shares after the automaker reported full-year results.
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*Adjusted EPS 12 cents vs Wall Street view 4 cents. DETROIT, May 8- Tesla Motors Inc reported its first-ever quarterly profit on Wednesday, trouncing Wall Street estimates, as the 10- year-old automaker delivered nearly 5,000 Model S electric cars during the first three months of the year.
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*Adjusted EPS 12 cents vs Wall Street view 4 cents. DETROIT, May 8- Tesla Motors Inc reported its first-ever profit that trounced Wall Street estimates on Wednesday and forecast global demand for its Model S electric car could surpass 30,000 vehicles a year.