American Honda is recalling 1.7 million new and used vehicles from 2007 to 2015.» Read More
Will air pollution, which doesn't respect lines on a map, ultimately cause more diplomatic skirmishes or worse, asks this environmental expert.
Koji Endo, Managing Director at Advanced Research Japan tells CNBC's Cash Flow which Japanese auto manufacturers are most likely to benefit from the weakening yen.
Toyota Motor raised its annual net profit forecast by more than 10 percent to 860 billion yen ($9.3 billion) on strong sales of the Camry sedan and other vehicles in its biggest market the United States, as well as the yen's drop.
Currency hedging cost Japanese companies such as Honda Motor the chance to fully cash in on a weak yen last quarter, raising the risk that investor expectations could outrun earnings.
If January is any indication, 2013 could be another big year for auto sales in the U.S.
American consumers ignored tax increases and tromped through the winter chill to buy new cars and trucks at an unusually strong pace last month.
When Clint Eastwood said in a Super Bowl commercial for Chrysler, "It's halftime America and our second half is about to begin," many looked at it as a rallying cry for American business. It's easy to see why.
Some of the names on the move ahead of the open.
Japanese automobile giant Honda disappointed markets with a trimmed forecast for 2013 this week, but the negative number masks signs of a recovery for the automaker and the rest of the nation's battered sector, said analysts.
Honda Motors trimmed its annual net profit forecast by 1.3 percent to 370 billion yen after car sales have been knocked in China, and as it continues to struggle in Europe.
In North America it is growing profits and margins while Europe is a money losing operation.
Toyota Motors regained the crown as the world's top selling automaker in 2012, posting record-high sales and beating rivals General Motors and Volkswagen.
Earnings season is shifting into high gear in the final week of January, with six Dow Jones components, and more than a fifth of the S&P 500 companies reporting.
The yen's steep decline has burnished the outlook for Japanese stocks, prompting analysts to raise profit forecasts for currency-sensitive exporters and foreign investors to plough $17 billion into the market.
Two crossovers and a luxury coupe have everyone buzzing at the Detroit Auto Show.
Volkswagen is going after the mid-size sport utility vehicle market, Jonathan Browning, VW of America CEO, told CNBC.
Americans are "willing again to reward themselves," Bentley President Christophe Georges told CNBC Monday from the Detroit Auto Show.
Ford's turnaround plan is "clearly working," Ford CEO Alan Mulally said in a First on CNBC interview on Monday from the Detroit Auto Show.
BMW showed its new Concept 4 Series Coupe to CNBC at the Detroit Auto Show, saying it has "so much more substance" than its 3 Series predecessor.
Car manufacturer Honda said on Friday it planned to cut around 800 jobs at its south Marston plant near Swindon in Britain by the second quarter of 2013.