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Automobiles and Components

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  • BMW says to recall 156,137 vehicles in US Thursday, 10 Apr 2014 | 11:29 AM ET

    April 10- German carmaker BMW said it has informed the U.S. National Highway Traffic Safety Administration that it intended to voluntarily recall about 156,137 vehicles in the country.

  • WASHINGTON, April 10- U.S. lawmakers investigating General Motors' slow recall of 2.6 million cars are zeroing in on engineers and others who may have been aware of problems with ignition switches linked to at least 13 deaths.

  • French carmakers lead domestic orders rebound Thursday, 10 Apr 2014 | 10:51 AM ET

    PARIS, April 10- French car orders rose 10 percent in March, led by domestic manufacturers Renault and PSA Peugeot Citroen, as new models spurred demand for a fourth consecutive month, according to a survey published on Thursday.

  • April 10- General Motors Co said it had placed two engineers on paid leave as part of an investigation into defective ignition switches that led to a recall of 2.6 million cars. "This is an interim step as we seek the truth about what happened," Chief Executive Mary Barra said in a statement.

  • ADP to spinoff auto dealership services business Thursday, 10 Apr 2014 | 9:59 AM ET

    ROSELAND, N.J.— ADP will spin off into a separate, publicly traded company its business that provides services to auto dealerships. The business that is being carved off provides retail and digital marketing services to automakers and dealers and has nearly $2 billion in revenue a year.

  • GM puts engineers on leave over recall issue Thursday, 10 Apr 2014 | 8:12 AM ET
    The General Motors headquarters in Detroit, Michigan.

    GM put two engineers on paid leave on Thursday, as an attorney investigates why the company took more than 10 years to recall millions of cars.

  • SINGAPORE/ BANGKOK, April 10- Indonesia is set to overtake Thailand as Southeast Asia's biggest car market as early as this year, driven by an expanding middle class and growing demand for budget, environmentally friendly vehicles, company executives and analysts said.

  • Toyota gas cars get efficient engine from hybrids Thursday, 10 Apr 2014 | 4:51 AM ET

    TOKYO— Toyota has developed an efficient gasoline engine using technology fine-tuned with gas-electric hybrids, in which the Japanese automaker is an industry leader. Toyota Motor Corp. said Thursday the engine will be rolled out in 14 models this year and next year.

  • Myanmar clunkers scrapped in rush for 'new' cars Thursday, 10 Apr 2014 | 2:32 AM ET

    YANGON, Myanmar— Mike Shwe Hlaing has a lot full of used SUVs and a potentially huge market to sell them to if Myanmar manages to spread some of the affluence blooming in its biggest city to a poor and still mostly road-less countryside.

  • These people pay the most for auto insurance Thursday, 10 Apr 2014 | 12:01 AM ET

    A study shows 20-year-old single men will pay higher premiums than a single woman his age, a married man his age and a married man five years older.

  • *Toyota gives no cost estimate for recall. Toyota, the world's biggest automaker said, it was not aware of any crashes or injuries caused by the glitches, which were found in 27 Toyota models including the RAV4 and Yaris subcompact.

  • Business Highlights Wednesday, 9 Apr 2014 | 5:41 PM ET

    Toyota, GM recalls push US to near-record pace. DETROIT— Big U.S. recalls by General Motors and Toyota have put the auto industry on a record pace as companies try to avoid bad publicity and punishment from an increasingly aggressive government.

  • Tesla questions lemon law king's motivations Wednesday, 9 Apr 2014 | 5:22 PM ET

    MADISON, Wis.— Tesla Motors officials questioned Wisconsin's self-proclaimed lemon law king's motivations in suing over a Milwaukee- area doctor's electric car, saying the company did all it could to fix the car and suggesting someone may have tampered with it.

  • Ford opens Brazil engine plant, sees truck recovery Wednesday, 9 Apr 2014 | 4:46 PM ET

    SAO PAULO, April 9- Ford Motor Co opened a 400 million reais engine factory in northeastern Brazil on Wednesday, ramping up potential output even as many warn of excess capacity weighing on profits in the country's auto industry. Ford has announced 4.5 billion reais of investments in Brazil from 2011 to 2015 as it brings local offerings up to global standards.

  • Alcoa and Facebook are big market movers Wednesday, 9 Apr 2014 | 4:37 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Alcoa Inc., up 47 cents to $13. Morgan Stanley downgraded the Detroit automaker and the sector comes under pressure after another recall, this time from Toyota.

  • VW tells dealers to stop selling some 2014 model cars Wednesday, 9 Apr 2014 | 1:16 PM ET

    April 9- Volkswagen AG said it will stop selling about 27,000 current model year Jettas, Beetles, Beetle Convertibles and Passats with 1.8- liter engines and automatic transmissions in North America because transmission oil may leak, the automaker said on Wednesday. Of the 27,000 vehicles, 25,000 are in the United States and about 2,000 in Canada, VW said.

  • VW tells US dealers to stop selling 4 models Wednesday, 9 Apr 2014 | 11:41 AM ET

    DETROIT— Volkswagen is telling U.S. dealers to stop selling its most popular cars until transmission fluid leaks can be fixed. The order covers about 25,000 Jetta, Passat, Beetle and Beetle convertible models equipped with 1.8- liter, four-cylinder engines and automatic transmissions, spokesman Scott Vazin said Wednesday.

  • Toyota's huge recall     Wednesday, 9 Apr 2014 | 11:38 AM ET

    Toyota announced it's recalling 6.76 million vehicles for a variety of problems spanning 30 different car models, reports CNBC's Phil LeBeau.

  • European shares rebound as auto stocks rally Wednesday, 9 Apr 2014 | 10:09 AM ET

    *Bernstein upgrades lift Porsche and Volkswagen. The STOXX Europe 600 Automobile& Auto Parts Index was the best-performing equity sector in Europe, rising 1.3 percent as Volkswagen and Porsche both benefited from an upgrade by the brokerage Bernstein. Bernstein raised its rating on Porsche and Volkswagen to "outperform" from "market perform".

  • US stocks rally on Fed minutes, earnings news Wednesday, 9 Apr 2014 | 9:16 AM ET

    NEW YORK— Once again, it was the Federal Reserve to the rescue for the stock market. Facebook rose the most in the S&P 500, jumping 7.3 percent, followed closely by biotech company Vertex Pharmaceuticals, up 7 percent.

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