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  • TORONTO, Oct 6- Canada's Conservative Prime Minister Stephen Harper on Tuesday promised C $1 billion in assistance over 10 years for the automotive industry if he retains power in an Oct. 19 election. The province is the heartland of Canada's auto industry and also accounts for 36 percent of the seats in the House of Commons. The Trans-Pacific Partnership deal...

  • TOKYO, Oct 6- Japan's Nikkei share average rose to a 2-1/ 2- week high on Tuesday as expectations that the U.S. The Nikkei gained 1.6 percent to 18,301.14 points by mid-morning after rising as high as 18,372.72, the highest since Sept. 17. "One of the two big persistent concerns has faded, so investors are taking risks," said Masashi Oda, senior investment officer at...

  • *Renault, Peugeot, Fiat more exposed than Volkswagen. PARIS/ BRUSSELS, Oct 2- Volkswagen's cheating on emissions tests has soured the European car industry's heavy bet on diesel, with Renault, Peugeot and Fiat Chrysler potentially facing bigger long-term setbacks than the company that sparked the crisis. In the near term, VW will continue to suffer the worst...

  • TORRANCE, Calif.— Honda is recalling 143,000 Civic and Fit vehicles in the U.S. to fix a software problem that could cause the front wheels to lock up. The recall announced Thursday is for the 2014 and 2015 model years for the Honda Civic and the 2015 model for the Fit. Honda says the software was programmed in a way that exposes the vehicles' drive pulley shaft to more...

  • US auto sales show big gains, except at Volkswagen Thursday, 1 Oct 2015 | 8:25 AM ET

    Ford's U.S. sales grew 23 percent in September, Nissan surged 18 percent and Fiat Chrysler's U.S. sales jumped nearly 14 percent. Sales at General Motors rose 12 percent, while Toyota posted a 16 percent gain. Hyundai's sales were up 14 percent and Honda's rose 13 percent.

  • ATLANTA, Sept 30- Negotiators trying to clinch a Pacific Rim free trade deal made progress toward resolving a key issue on Wednesday when Canada and Mexico signaled a willingness to open the North American auto market to more parts made in Asia, people briefed on the closed-door talks said. The stakes are also high for Mexico, which has seen a boom in auto-related...

  • WASHINGTON, Sept 29- Two months after receiving a record $105 million fine for lapses in U.S. auto safety recalls, Fiat Chrysler Automobiles NV faces new problems over lax safety reports that could lead to additional financial penalties for the Italian-U.S. automaker. Federal regulators said on Tuesday they uncovered an apparent discrepancy at Fiat Chrysler...

  • The National Highway Traffic Safety Administration said Tuesday that the company failed to report some deaths, injuries and other information to the agency as required by law. Following disclosure Tuesday of Chrysler's transgression, Transportation Secretary Anthony Foxx, whose department includes NHTSA, told reporters he will call a meeting in...

  • WASHINGTON— In stock car racing, there's an old adage: If you ain't cheatin', you ain't tryin'. The Environmental Protection Agency spot-checks only a low percentage of the vehicles made in the U.S. or imported to test the accuracy of the data reported by manufacturers. Donald Stedman, a University of Denver chemistry professor who specializes in testing the...

  • DETROIT— Seven more companies including electric car maker Tesla Motors could be facing recalls because they use air bag inflators made by Takata Corp., according to letters they received last week from U.S. safety regulators. So far about 23.4 million Takata driver and passenger air bag inflators have been recalled on 19.2 million U.S. vehicles sold by 11...

  • DETROIT— BMW may be the next automaker in the sights of U.S. safety regulators. Two months later, BMW agreed to a recall and later said it would do a "service campaign" to add padding to the rear side panels of 2015 Two-Door Hardtop Cooper models. Then, in July 2015, NHTSA tested a 2015 Cooper S, which also failed the side impact crash tests, and BMW agreed to recall the 2014...

  • Tokyo shares lead losses in mixed Asian session Monday, 28 Sep 2015 | 3:01 AM ET
    An investor checks stock information at a brokerage house in Fuyang, China.

    Asian equity markets were mixed on Monday, with data from the world's second largest economy in focus.

  • VW faces 'about the worst situation': Ex-GM exec Friday, 25 Sep 2015 | 9:34 AM ET
    A 2015 Volkswagen Golf SportWagen TDI compact vehicle, featuring a clean diesel engine, sits outside a dealership in Ottawa, Illinois,  on Wednesday.

    Former GM Vice Chairman Bob Lutz tells CNBC he would not know where to start if he were the next CEO of Volkswagen.

  • A pedestrian walks past a board showing the numbers on the Nikkei 225 index at the Tokyo Stock Exchange in Tokyo, Japan.

    Asian stocks were mostly lower amid choppy trade on Friday, as uncertainty over the outlook of U.S monetary policy sapped investor confidence.

  • Volkswagen scandal splits Asia's auto stocks Thursday, 24 Sep 2015 | 11:57 AM ET
    A general view of Volkswagen Group's headquarters in Wolfsburg, Germany.

    Volkswagen's emissions cheating scandal has divided investors on Asia's auto stocks.

  • Carmageddon: The biggest car scandals ever Thursday, 24 Sep 2015 | 5:33 AM ET
    Rain clouds are seen over a Volkswagen symbol at the main entrance gate at Volkswagen production plant on September 23, 2015 in Wolfsburg, Germany. Volkswagen CEO Martin Winterkorn and other members of the supervisory board are believed to be meeting inside the headquarters to discuss the Volkswagen Diesel emission scandal, which affects 11 million vehicles worldwide.

    In light of the storm surrounding accusations that Volkswagen rigged their cars to pass emission tests in the U.S., CNBC looks at other auto scandals.

  • Asian shares mixed, with Nikkei at more than 2-week low Thursday, 24 Sep 2015 | 3:40 AM ET
    Pedestrians stand in front of a board showing share prices on the Nikkei 225 index at the Tokyo Stock Exchange in Tokyo.

    Asian shares traded mixed on Thursday, with Japan's Nikkei 225 index lagging on its first day of trade following a five-day long weekend.

  • Lemons in portfolio? Trading Volkswagen scandal Wednesday, 23 Sep 2015 | 2:29 PM ET
    The world headquarters building of Delphi Automotive in Troy, Michigan.

    Are there U.S. stocks exposed to the Volkswagen emissions scandal?

  • Why Apple wants to you to lease your next iPhone Friday, 18 Sep 2015 | 1:11 PM ET
    Apple Senior Vice President of Worldwide Marketing Phil Schiller speaks about an iPhone upgrade program during a Special Event at Bill Graham Civic Auditorium September 9, 2015 in San Francisco.

    Apple is offering a way for consumers to purchase iPhones through a new "financing" plan, which is essentially a lease. NYT reports.

  • Nikkei falls as Fed decision sparks growth worries Friday, 18 Sep 2015 | 2:17 AM ET

    TOKYO, Sept 18- Japanese stocks snapped a three-day winning streak on Friday after the Federal Reserve kept interest rates at a record low, raising worries about the health of both the U.S. and global economies. Toyota Motor Corp and Honda Motor Co each dropped 1.4 percent while Panasonic Corp lost 2.1 percent. Dai-ichi Life Insurance Co, which invests most of the...