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Automobiles and Components

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  • Lexus leads luxury auto sales in Feb.  Tuesday, 3 Mar 2015 | 2:55 PM ET

    CNBC's Phil LeBeau reports the final numbers in auto sales for the month of February. The February auto sales rate comes in at $16.23M.

  • General Motors, Honda lead all automakers in recalls Tuesday, 3 Mar 2015 | 2:53 PM ET

    DETROIT— General Motors Co. and Honda Motor Co. topped the U.S. government's list of automakers with the most recalled vehicles last year. Widening problems with air bag inflators made by Japan's Takata Corp. pushed Honda into second place with 18 recalls totaling just over 9 million vehicles. More than half of Honda's recalled vehicles— 5.4 million— were due to...

  • HARTFORD, Conn.— Electric-car maker Tesla Motors on Tuesday offered to make some compromises to help state lawmakers pass legislation this year allowing direct sales to Connecticut consumers. To further limit the impact of the legislation, Tesla said it would agree to language restricting direct sales to manufacturers with an established presence in...

  • TORONTO, March 3- Fiat Chrysler Automobiles topped February sales in Canada, handily beating Ford Motor Co, which posted lower car and truck sales, according to company sales data. The company said it expects growth to continue as it launches new products in Canada, including the Jeep Renegade. Ford Canada said sales of its F-150 pickup rose 10 percent, setting a new...

  • TORONTO, March 3- Fiat Chrysler Automobiles' Canadian sales edged up 1 percent to 18,711 vehicles in February from a year earlier, the company said on Tuesday, barely maintaining a 63- month streak of year-over-year sales growth. The company said it expects growth to continue as it launches new products in Canada, including the Jeep Renegade.

  • PSA claims victory in Citroen brand revamp Tuesday, 3 Mar 2015 | 12:28 PM ET

    GENEVA, March 3- French carmaker PSA Peugeot Citroen may expand sales of its C4 Cactus compact SUV to China, a senior executive said on Tuesday, in a sign that a repositioning of the Citroen brand is bearing fruit. Under the Peugeot group's Chief Executive Carlos Tavares, Citroen is attempting to forge a funky but frugal image while sister brand Peugeot challenges...

  • Eleven analysts surveyed by Thomson Reuters had expected a year-to-year gain of 7.1 percent. The 48 economists polled by Thomson Reuters, on average, predicted annualized sales in February of 16.7 million vehicles. "There was definitely a slowdown" in sales after February 20, "said Mark LaNeve, Ford Motor Co's U.S. sales vice president.

  • GENEVA, Switzerland— These cars may come with outrageous price tags, but it doesn't cost to goggle. Here's a look at some of the models showcased at the car show in Geneva, where automakers focused on powerful sports cars and luxury sedans. Photographers Laurent Cipriani, Martial Trezzini and Sandro Campardo contributed.

  • US adds 2 models to probe of Ford door latches Tuesday, 3 Mar 2015 | 12:13 PM ET

    DETROIT— U.S. safety regulators are adding two models to an investigation of Ford Motor Co. door latches that may not close properly. The National Highway Traffic Safety Administration said Tuesday it's including the 2013 Ford Fusion and Lincoln MKZ midsize cars to the probe of latches on 2011-2013 Ford Fiesta compact cars. The investigation now covers...

  • GENEVA— Russia's sinking economy is putting up a major hurdle for Ford Motor Co. and General Motors as the U.S. automakers fight to return to profitability in Europe after years of losses. He added that the company wasn't giving up on its goal of returning to profit in Europe in 2016, and that it would work to make earnings in other regions make up for diminished...

  • Toyota Feb. sales up 13.3% vs. 16.0% est.  Tuesday, 3 Mar 2015 | 10:47 AM ET

    CNBC's Phil LeBeau breaks down Toyota's February's sales figures, just shy of expectations.

  • DETROIT— U.S. safety regulators are investigating reports of steering problems that could affect up to 1,500 Pierce fire trucks nationwide. The National Highway Traffic Safety Administration says the probe covers trucks made since the 2004 model year. Also, the agency cited media reports of wheels falling off trucks three times the Baltimore area.

  • DETROIT, March 3- For the second year in a row, ferocious winter weather slowed U.S. vehicle sales in February, with several major automakers missing analysts' projections and dampening bullish expectations. The lackluster sales reported on Tuesday were "likely due to inclement weather," said Joseph Amaturo of Buckingham Research Group, who expects "any lost...

  • GM sales up 4.2% vs. 3.6% est.  Tuesday, 3 Mar 2015 | 9:31 AM ET

    CNBC's Phil LeBeau breaks down February's sales figures for General Motors.

  • *BMW group sales up 7 pct in Feb.- CEO. GENEVA, March 3- The new boss of BMW will have to cope with the rise of electric cars, automated driving and new competitors, as well as the traditional uncertainties over consumer demand and fuel prices, its outgoing CEO said on Tuesday. Technological changes can often wrongfoot entire industries, Norbert Reithofer told a...

  • Ford Feb. sales down 1.9% vs. estimate  Tuesday, 3 Mar 2015 | 9:19 AM ET

    CNBC's Phil LeBeau breaks down Ford's "lackluster" February's sales figures.

  • Super cars for the super rich  Tuesday, 3 Mar 2015 | 8:52 AM ET

    CNBC's Robert Frank takes a look at some of the top 2015 luxury releases at the Geneva Motor Show.

  • DETROIT, March 3- Fiat Chrysler Automobiles on Tuesday reported that U.S. February sales rose 6 percent, which missed analysts' expectations and put into question the bullish outlook for monthly industry sales. The 48 economists polled by Thomson Reuters, on average, expected U.S.

  • Freezing temperatures, disruptions at West Coast ports and rising gas prices took a bite out of U.S. auto sales last month. Toyota and Subaru reported double-digit sales increases over last February, and Hyundai surprised with sales up 7 percent. Chrysler, General Motors, Honda and Nissan all saw gains of 6 percent or less.

  • DETROIT, March 3- Fiat Chrysler Automobiles reported that U.S. February sales rose 6 percent, which missed analysts' expectations and put into question the bullish outlook for monthly industry sales. Fiat Chrysler's U.S. arm said it expects the auto industry to record seasonally adjusted annualized sales of 16.5 million vehicles for February, which does not...