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General Motors Co

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  • TOKYO— Toyota President Akio Toyoda vowed to help get to the bottom of the problems with Takata air bags, the recalls for which have ballooned to nearly 34 million vehicles, stressing that regaining consumer trust is an industry-wide concern. Doubts are growing about whether Japanese supplier Takata Corp. has the financial muscle to deal with all the defects, a...

  • DETROIT— Out of concern for the safety of drivers, the U.S. government may step in to manage a giant recall of air bags made by Takata Corp.. Takata agreed this week to declare millions of air bag inflators defective. That added 17 million cars and trucks to existing recalls by 11 manufacturers— BMW, Fiat Chrysler, Ford, General Motors, Daimler Trucks, Honda, Mitsubishi,...

  • WASHINGTON, May 21- A current and a former executive of Japan's NGK Spark Plug Co Ltd were indicted on Thursday on charges of fixing the prices of spark plugs and oxygen sensors, the U.S. Justice Department said. Norio Teranishi, a former executive, and Hisashi Nakanishi, a current employee of NGK Spark Plug, were accused of conspiring to fix the prices of parts sold to...

  • Ford sales growth mainly from Asia in next decade - exec Thursday, 21 May 2015 | 12:52 PM ET

    DEARBORN, Mich, May 21- Ford Motor Co sees most of its corporate sales growth over the next decade coming from the Asia Pacific region despite the recent slowdown in China auto demand, a top executive said Thursday. China and India will be the big engines for growth, Schoch said. Ford sees China industry sales hitting 32 million vehicles in 2020, up from 23 million in...

  • BOWLING GREEN, Ky.— General Motors announced Thursday it will spend $439 million to upgrade the Kentucky plant that makes the Chevrolet Corvette sports car. The project includes a new 450,000- square-foot paint shop that is almost half the size of the current production facility in Bowling Green. "The Corvette is one of Kentucky's most-cherished icons,"...

  • Detroit is the latest major city to see an influx of whites who may not find the suburbs as alluring as their parents and grandparents did in the last half of the 20th century. "For any individual who wants to build a company or contribute to the city, Detroit is the perfect place to be," said Bruce Katz, co-director of the Global Cities Initiative at the Washington-...

  • *Some automakers explore Takata's rivals for replacement parts. *Takata shares fall 10 pct in Tokyo. DETROIT, May 20- Takata Corp's record U.S. recall of potentially deadly air bag inflators could take years to complete, industry experts and safety advocates said, as automakers scrambled to line up replacement parts, some not from Takata.

  • Cramer Remix: Absolute worst thing in the market Wednesday, 20 May 2015 | 7:06 PM ET
    Jim Cramer on the set of Mad Money

    Jim Cramer’s telling you to be afraid. Be very afraid.

  • Cramer: One automaker silently beating competition Wednesday, 20 May 2015 | 6:35 PM ET
    2014 Ferrari La Ferrari.

    Jim Cramer has his eye on one U.S. automaker that has been coming back with a vengeance—and you don't even know it.

  • Compromise floated on currency rules in U.S. Senate Wednesday, 20 May 2015 | 1:07 PM ET

    WASHINGTON, May 20- Senior U.S. senators on Wednesday urged colleagues to support a compromise on boosting rules against currency manipulation in trade legislation key to a Pacific trade pact. Republican Orrin Hatch and Democrat Ron Wyden, the senior members of the Senate Committee on Finance, offered a joint amendment to legislation creating a fast track for...

  • DETROIT, May 20- Takata Corp said on Wednesday it plans to boost production of parts needed to replace potentially deadly air bag inflators that could spray vehicle occupants with metal shards. Takata's air bag inflators have been found to explode with too much force, spraying metal fragment inside cars and have forced automakers to recall more than 53 million...

  • Favorite picks of Tepper, other big hedge honchos Wednesday, 20 May 2015 | 6:00 AM ET
    David Tepper, founder of Appaloosa Management

    With data from the latest SEC filings, CNBC Pro ran a study of more than 40 prominent hedge funds to find where the big money is placing bets.

  • What you need to know about the Takata air bag recall Wednesday, 20 May 2015 | 12:02 AM ET

    DETROIT— A recall of air bags made by Japanese auto parts supplier Takata Corp. now has the dubious distinction of being the largest in U.S. history. A: Honda has the most vehicles equipped with Takata air bags. Dozens of models made by BMW, Chrysler, Ford, General Motors, Mazda, Mitsubishi, Nissan, Saab, Subaru and Toyota dating to the 2001 model year are also affected.

  • DETROIT— The U.S. government's highway safety agency has become more aggressive in enforcing auto safety rules and Fiat Chrysler and the industry will have to adjust, the company's CEO said Tuesday. Sergio Marchionne, who leads the company, told reporters that Fiat Chrysler will cooperate with the National Highway Traffic Safety Administration and answer...

  • Takata air bag recall doubles to nearly 34 million Tuesday, 19 May 2015 | 1:54 PM ET

    WASHINGTON— Under pressure from U.S. safety regulators, Takata Corp. has agreed to declare 33.8 million air bags defective, a move that will double the number of cars and trucks included in what is now the largest auto recall in U.S. history. "We know that owners are worried about their safety and the safety of their families," said Mark Rosekind, head of the National...

  • Not Your Ma's Bell: AT&T evolves beyond phones Tuesday, 19 May 2015 | 11:33 AM ET

    NEW YORK— The company whose name has long been synonymous with telephones is looking for new ways to reach out and touch someone. AT&T Inc. is spending $48.5 billion to buy satellite TV provider DirecTV as it looks for new ways to package access— wireless and wired— with traditional and online video. "We don't view ourselves as a phone company anymore," said Ralph de la...

  • "Automakers have to be aware that India works at different levels and segments, and they have to keep up," R.C. Bhargava, chairman of Maruti Suzuki said by telephone. With that awareness comes investment in new, or upgraded production lines to produce the compact vehicles that will account for one in every four vehicles sold in India in 2019, up from a 17 percent share...

  • Supercar makers neglect women at their peril Tuesday, 19 May 2015 | 5:45 AM ET

    *Proportion higher in China, world's top auto market. JONA, Switzerland, May 19- Supercar makers are like teenage boys at a high school dance, according to business consultant Belinda Parmar. "Any woman could drive those cars," said Sonja Heiniger, the Swiss owner of an Internet services firm who has owned four Lamborghinis and hits the racetrack in a Porsche.

  • BEIJING, May 19- International automakers are slashing prices for vehicles they sell in China in response to a slowdown in demand that threatens the industry's rich profit margins. General Motors Co and Ford Motor Co cut prices on Chinese models late last week, following moves by Volkswagen AG last month to increase discounts on several popular vehicles.

  • May 18- The Obama administration on Monday escalated a running regulatory battle with Fiat Chrysler Automobiles NV, saying it could impose "multiple penalties" on the automaker and order a public hearing to examine FCA's handling of 20 recalls affecting more than 10 million vehicles. The National Highway Traffic Safety Administration said Fiat Chrysler...