Autos Automobiles and Components

  • SEOUL, Jan 24- South Korea's Hyundai Motor reported on Thursday it swung to a net loss for the October-December quarter, bucking analysts' estimates for a profit, as its vehicle sales skidded in the key China market. Hyundai, the world's No.5 automaker along with affiliate Kia Motors Corp, reported a net loss of 129.8 billion won for the fourth quarter, compared with...

  • SEOUL, Jan 24- South Korea's Hyundai Motor reported on Thursday it swung to a net loss for the October-December quarter, bucking analysts' estimates for a profit, as its vehicle sales skidded in the key China market. Hyundai, the world's No.5 automaker along with affiliate Kia Motors Corp, reported a net loss of 129.8 billion won for the fourth quarter, compared with...

  • DETROIT, Jan 23- Ford Motor Co on Wednesday posted a fourth-quarter loss, which it attributed partly to one-time charges, including pension-related costs. The No. 2 U.S. automaker posted a loss of $116 million or 3 cents a share, down from a net profit of $2.5 billion or 63 cents a share in the same quarter in 2017.. Excluding one-time charges, the company reported a net...

  • WASHINGTON, Jan 23- Lawyers representing owners of Fiat Chrysler diesel vehicles told a U.S. judge they are seeking up to $106.5 million in legal fees and out-of-pocket costs in connection with a settlement over excess vehicle emissions, but they are in talks to finalize the amount, officials said Wednesday. Ken Feinberg, a court-appointed mediator, said at a...

  • The shares of the company fell 4.2 percent to $286.09. Chief Executive Officer Elon Musk had said https://bit.ly/2T4CfHy earlier this month that Tesla will no longer be taking orders for the 75 kWh version of the Model S and X to streamline production. A reduction in tax credit added $3,750 to the price of Tesla's electric cars starting Jan. 1.

  • Jan 23- Tesla Inc said on Wednesday it is reducing production hours for its higher priced electric cars Model S and Model X to improve efficiencies, just days after it decided to increase production of its lower-priced versions of its Model 3 s. Chief Executive Officer Elon Musk had said https://bit.ly/2T4CfHy earlier this month that Tesla will no longer be...

  • Jan 23- Tesla Inc is reducing production hours for its higher priced electric cars Model S and Model X to improve efficiencies, a Tesla spokesperson said on Wednesday. The company, which has struggled to achieve long-term profitability, said last week it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced versions of...

  • The Italian-American automaker on Jan. 10 announced it settled civil claims with the U.S. Justice Department, the state of California and diesel owners that it used illegal software that produced false results on diesel-emissions tests. The settlement includes $311 million in total civil penalties to U.S. and California regulators, up to $280 million to...

  • *BMW, VW say they remain open to self-driving tech alliances. *Manager Magazin says German carmakers looking at mega alliance. FRANKFURT, Jan 23- Germany's top carmakers including BMW and Volkswagen are looking at ways to speed up development of the next generation of self-driving cars, possibly by even working together, as tech giant Google forges ahead with...

  • BERLIN, Jan 23- German carmakers Daimler, BMW and Volkswagen, and some of their major suppliers are in talks about developing a joint system for autonomous driving, manager magazine reported on Wednesday, citing company sources. The potential alliance of German companies, which include Continental and Robert Bosch, would pool their resources to move forward...

  • *Output halted since night shift on Jan. 16- Subaru. TOKYO, Jan 23- Subaru Corp said its sole car factory in Japan, accounting for roughly 60 percent of global production, could be out of action for almost two weeks after it discovered a suspected defect in a power-steering component. The production stoppage, which started from the night shift on Jan. 16 at one of...

  • STOCKHOLM, Jan 23- Volvo Cars, which is owned by China's Zhejiang Geely Holding Group, is voluntarily recalling about 200,000 cars after it found an engineering issue that could potentially cause fuel leakage in the engine compartment over time. About 219,000 cars of 11 different models produced in 2015 and 2016 had been affected, the Swedish company said, with...

  • STOCKHOLM, Jan 23- Volvo Cars, which is owned by China's Zhejiang Geely Holding Group's, is voluntarily recalling about 200,000 cars after it found an engineering issue that could potentially cause fuel leakage in the engine compartment over time. About 219,000 cars of 11 different models produced in 2015 and 2016 had been affected, the Swedish company said,...

  • *Output halted since night shift on Jan. 16- Subaru. TOKYO, Jan 23- Subaru Corp said its sole car factory in Japan accounting for roughly 60 percent of global production could be out of action for almost two weeks after it discovered a suspected defect in a power-steering component. The production stoppage, which started from the night shift on Jan. 16 at one of...

  • *Output halted since night shift on Jan. 16- Subaru. TOKYO, Jan 23- Subaru Corp said its sole car factory in Japan accounting for roughly 60 percent of global production had halted output a week ago after it discovered a defect in a component procured from a supplier. Shares in Japan's sixth-largest automaker slid 6 percent in early trade on the news, which was first...

  • *Output halted since night shift on Jan. 16- Subaru. TOKYO, Jan 23- Subaru Corp said its sole car factory in Japan accounting for roughly 60 percent of global production had halted output a week ago after it discovered a defect in a component procured from a supplier. Output has been halted since the night shift on Jan. 16, it said.

  • Jan 22- Alphabet Inc's Waymo self-driving vehicle unit said on Tuesday it plans to build a plant in Michigan to transform vehicles into autonomous cars for Waymo's ride services business. Waymo has proposed private investments of $13.6 million to build a facility in southeast Michigan and create more than 100 jobs, potentially up to 400 jobs, the Michigan...

  • Jan 22- The chief executive officer of Johnson Controls International Plc said on Tuesday that he was seeing a slowdown in automotive production in China, an important segment for the Irish-based car batteries maker. Interviewed on Reuters' Global Markets Forum in Davos, George Oliver said that the slowdown in the world's biggest auto market would likely...

  • AMSTERDAM, Jan 22- TomTom will remain independent and grow its core digital maps business, its CEO said on Tuesday after the company agreed to sell its fleet management business to Japan's Bridgestone for 910 million euros. Amsterdam- based TomTom faces a turning point after Google broke into the market to supply maps to carmakers last year, striking deals with...

  • PARIS, Jan 22- Carmaker Renault has called for a board meeting on Jan. 24 to discuss the succession plans regarding Carlos Ghosn, sources told Reuters on Tuesday, with Ghosn in custody in Japan over alleged financial crimes which he denies. The Renault nominations committee has tentatively backed Michelin boss Jean-Dominique Senard to become Renault chairman,...