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Automobiles and Components

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  • China says Mercedes guilty of price abuses Monday, 18 Aug 2014 | 12:40 AM ET

    BEIJING— China's government said Monday it has concluded Mercedes-Benz violated anti-monopoly law and charged excessive prices for parts, adding to a growing number of global automakers snared in an investigation of the industry.

  • SHANGHAI, Aug 18- German car maker Daimler AG's luxury brand division Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, citing authorities in Jiangsu province.

  • DETROIT, Aug 15- The United Auto Workers, which lost a controversial organizing vote in February at a Volkswagen AG plant in Chattanooga, Tennessee, has nearly enough members in its newly formed local for the automaker to recognize it as exclusive bargaining agent for the plant, a top union official said on Friday.

  • Drive-unit warranty on Tesla Model S now 8 years Friday, 15 Aug 2014 | 6:27 PM ET

    PALO ALTO, Calif.— Electric car maker Tesla Motors says it has extended the drive-unit warranty for its Model S sedan to make it good for eight years and unlimited miles. Tesla CEO Elon Musk said in a blog posting Friday that the move reflects the company's belief that electric motors are more reliable than gasoline engines.

  • NEW YORK, Aug 15- A U.S. judge has appointed two lawyers who led cases against Toyota Motor Corp and a plaintiffs' attorney from Texas to lead litigation against General Motors Co related to a faulty ignition switch that prompted the recall of millions of vehicles this year.

  • Aug 15- Electric carmaker Tesla Motors Inc said on Friday it had boosted warranty coverage on its Model S sedan, a week after an influential U.S. consumer magazine highlighted problems with the $70,000- plus vehicle. It purchased the car in January 2013 for $89,650.

  • Aug 15- Electric carmaker Tesla Motors Inc said the drive unit warranty for its Model S sedan has been increased to match that of the battery pack and will now be covered for eight years and "infinite" miles. The company also said the warranty extension will have a "moderately negative" effect on its earnings in the short term.

  • NEW YORK, Aug 15- Porsche Automobil Holding SE persuaded a U.S. federal appeals court to uphold the dismissal of a lawsuit by more than 30 hedge funds that claimed to suffer big losses because the German automaker fraudulently cornered the market in Volkswagen AG shares.

  • Iconic Mercedes 300SL Gullwing     Friday, 15 Aug 2014 | 1:56 PM ET

    CNBC's Robert Frank reports from a car auction in Pebble Beach, California, where he takes a Mercedes-Benz 300SL Gullwing out for a spin.

  • Shopping for a car? Used auto prices take a tumble Friday, 15 Aug 2014 | 1:40 PM ET
    Customers shop for used vehicles at a CarMax in Burbank, Calif.

    Used car prices are tumbling sharply and likely to slide through 2016, according to pricing trends.

  • Small, ugly & bizarre cars     Friday, 15 Aug 2014 | 10:25 AM ET

    CNBC's Robert Frank reports from a car auction in Pebble Beach, California. Franks highlights everything from micro to bizarre cars.

  • US factory output surges in July Friday, 15 Aug 2014 | 9:19 AM ET

    WASHINGTON— U.S. factory output rose for the sixth consecutive month in July, led by a jump in the production of motor vehicles, furniture, textiles and metals. Demand for autos surged 10.1 percent last month, the largest increase since July 2009.

  • US industrial production edged higher in July Friday, 15 Aug 2014 | 9:15 AM ET

    WASHINGTON, Aug 15- U.S. industrial production edged higher in July, as production of auto parts and motor vehicles jumped 10.1 percent, according to data released by the Federal Reserve on Friday. Industrial production rose 0.4 percent, which was unchanged from June. The June increase was previously reported at 0.2 percent.

  • Three-wheeled Elio gets closer to going on sale Friday, 15 Aug 2014 | 3:00 AM ET

    Elio Motors wants to revolutionize U.S. roads with its tiny car, which is the same length as a Honda Fit but half the weight. Phoenix- based Elio plans to start making the cars next fall at a former General Motors plant in Shreveport, Louisiana.

  • *Merger to create Fiat Chrysler Automobiles. MILAN, Aug 14- Sergio Marchionne has shown he is determined to let nothing stand in the way of Fiat's merger with Chrysler, but a share price slide may yet force the CEO to hit the brakes on plans to turn the world's No. 7 carmaker into a top player.

  • Advance Auto Parts 2Q profit rises 19 percent Thursday, 14 Aug 2014 | 9:38 AM ET

    ROANOKE, Va.— Advance Auto Parts saw profits jump 19 percent during the second quarter and the acquisition of General Parts drove sales up by more than 50 percent. The Roanoke company posted net income of $139.5 million, or $1.89 per share, from $116.9 million, or $1.59 per share, in the same quarter a year ago.

  • 3 Reasons to buy Ford     Wednesday, 13 Aug 2014 | 3:25 PM ET

    Discussing the growth outlook for Ford Motor and why now is the time to buy Ford stock, with Colin Langan, UBS auto analyst, and George Magliano, IHS Automotive.

  • How millennials are reshaping car buying Wednesday, 13 Aug 2014 | 11:53 AM ET

    Often saddled with debt, young shoppers are looking for smaller, cheaper vehicles, and are more likely to do their research online.

  • To achieve annual sales above pre-recession levels of about 17 million new vehicles, "the automakers are going to have to increase incentives more," said Larry Dominique, executive vice president of research firm TrueCar Inc..

  • Flooding slows production at Detroit automakers Wednesday, 13 Aug 2014 | 8:01 AM ET
    A stranded motorist awaits rescue on the Southfield Freeway, Aug. 11, 2014, in Dearborn, Mich.

    One Chrysler worker's Jeep stalled on a flooded entrance highway ramp and she had to swim to safety.