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Autos Automobiles and Components

  • MILAN, July 21- The boards of carmakers Fiat Chrysler and Ferrari will meet separately on Saturday to discuss succession plans for Sergio Marchionne, who is chief executive of both carmakers and has been on medical leave, Automotive News said. The report, citing unnamed sources familiar with the matter, also said Louis Carey Camilleri, a Ferrari board member and...

  • MILAN, July 21- The boards of carmakers Fiat Chrysler and Ferrari will meet separately on Saturday to discuss succession plans for Sergio Marchionne, who is chief executive of both carmakers and has been on medical leave, Automotive News said. The report, citing people familiar with the matter, also said Louis Carey Camilleri, a Ferrari board member and former...

  • A Google Waymo self-driving Lexus on the road in Arizona

    Waymo, the Google subsidiary testing self-driving technology on public roads, is picking up speed. The company’s autonomous vehicles just drove 8 million miles on public roads.

  • *Italy's FTSE MIB down 0.4 pct as political tensions weigh. President Donald Trump said in a CNBC interview he was ready to put tariffs on $500 billion of imported goods from China. Italy's FTSE MIB, down 0.4 percent, underperformed on reports of rising tensions within the country's coalition government.

  • The shares of the Detroit Three automakers have been drifting down as Trump has escalated trade threats against China and Europe. So far, in a bid to reduce America's trade deficit with China and protect U.S. industries, Trump has imposed tariffs on steel and aluminum imports, and on a range of Chinese goods including Chinese-made vehicles, starting July 6.

  • The U.S. National Highway Traffic Safety Administration says in documents posted on its website Friday that it has 40 complaints from consumers about stalling, including two alleging that the engines caught fire. In one of the complaints involving a fire, an Escape owner in Dozier, Alabama, reported that on June 6, the engine stalled while being driven, and the SUV...

  • TOKYO— Japan's Prime Minister Shinzo Abe warned the U.S. on Friday that higher tariffs on auto imports would backfire and harm not only America's jobs and economy but also devastate the global economy. Abe told a news conference marking the end of a Diet session that Japan's auto and auto parts industry has never threatened America's national security and it...

  • July 20- Some European companies are rethinking their strategies to cushion against the impact of trade tensions between the world's two biggest economies, the United States and China. President Donald Trump said on Friday he was ready to impose tariffs on an additional $500 billion of imports from China, threatening to escalate the current trade clash with...

  • July 20- Some European companies are rethinking their strategies to cushion against the impact of trade tensions between the world's two biggest economies, the United States and China. President Donald Trump said on Friday he was ready to impose tariffs on an additional $500 billion of imports from China, threatening to escalate the current trade clash with...

  • *Italy's FTSE MIB down 1 pct as political tensions weigh. Financials were the biggest drag as rising tensions in Italy's ruling party drove a selloff in the country's bonds. Italy's FTSE MIB fell 0.5 percent, underperforming peers as bond yields rose, weighing on banks which are big holders of Italian debt.

  • BERLIN, July 20- United States tariffs on imported cars would slash around 6 billion euros off German economic output, the president of Germany's DIHK Chambers of Commerce told German television on Friday. DIHK President Eric Schweitzer said on ZDF television that he took Trump's threats "very seriously" and added such tariffs would be "against international...

  • PARIS, July 20- French car parts group Faurecia posted higher first-half profit and raised its 2018 outlook, underpinned by upbeat growth and sales of car seats material. Faurecia, 46- percent owned by Peugeot-maker PSA, said its first-half net profit rose 10.2 percent from last year to 342 million euros, while sales climbed 5.2 percent to 8.991 billion euros...

  • Commerce Secretary Wilbur Ross said at the hearing it was "too early" to say if the administration of President Donald Trump would impose the tariffs, even as many automakers and members of Congress think it is a foregone conclusion. Canada's deputy ambassador to the United States, Kirsten Hillman, told the hearing that imposing tariffs on Canadian imports...

  • Banks and other large U.S. stocks fell Thursday, but smaller companies climbed, which made for a mixed finish on Wall Street. Representatives of the auto industry addressed Congress and spoke out against the tariffs on imported cars and car parts proposed by the Trump administration. The Russell 2000 index of smaller-company stocks climbed 9.44 points, or 0.6...

  • NEW YORK, July 19- U.S. stocks dropped on Thursday after earnings disappointed and trade jitters escalated over worries that the European Union could slap retaliatory tariffs on goods imported from the United States. Officials from the EU Trade Commission, due in Washington next week for trade talks, are said to be preparing a list of tit-for-tat actions in...

  • BERLIN, July 19- German carmakers are in favour of abolishing tariffs affecting their industry but an escalating trade war might call their future investments in the United States into question, the head of their industry association said on Thursday. German carmakers are under increasing pressure to diversify production of their sports utility vehicles...

  • NEW YORK, July 19- U.S. stocks slipped on Thursday after earnings disappointed and trade jitters intensified on fears that the European Union could slap retaliatory tariffs on goods imported from the United States. Officials from the EU Trade Commission are said to be preparing a list of tit-for-tat trade actions in response to proposed U.S. tariffs on EU cars...

  • Commerce Secretary Wilbur Ross said at the hearing it was "too early" to say if the administration of President Donald Trump would impose the tariffs, even as many automakers and members of Congress think it is a foregone conclusion. Canada's deputy ambassador to the U.S., Kirsten Hillman, said at the hearing imposing tariffs on Canadian imports would be "...

  • LONDON/ TOKYO, July 19- Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns. Two sources familiar with the matter told Reuters that some of the cobalt that Panasonic uses to...

  • July 19- Tesla Inc denied on Thursday that refunds of bookings of its Model 3 sedan were now outpacing reservations, responding to a report earlier in the day by a Wall Street brokerage citing channel checks on the electric carmaker. "The notion that Model 3 cancellations are outpacing orders is unequivocally false," a Tesla spokesperson told Reuters.