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Autos Automobiles and Components

  • Investors prodded Tesla's shares 2 percent higher in early trade in New York, shrugging off worries it was over-stretching itself with the new futuristic trucks and pricey sports car launched in a glitzy event in California on Thursday. But Chief Executive Elon Musk did not offer details about how Tesla would fund these projects, leaving Wall Street analysts...

  • The House of Representatives took important steps on Thursday toward the biggest U.S. tax-code overhaul since the 1980 s, approving a broad package of cuts, while a Senate panel advanced its own version of the legislation. Matt Lloyd, chief investment strategist at Advisors Asset Management in Monument, Colorado, said any new bets were likely to be muted as...

  • With third-quarter earnings season coming to a close and no major economic data expected, investors are focused on Republicans' efforts to pass tax cuts after a barren first year for the Trump administration in Congress. The House of Representatives took important steps on Thursday toward the biggest U.S. tax-code overhaul since the 1980 s, approving a broad...

  • BERLIN— Volkswagen says it plans to spend more than 34 billion euros over the next five years on developing electric cars, autonomous driving and other new technologies. The German automaker released the figure Friday after its supervisory board discussed the company's plans for the 2018-2022 period. The group includes carmakers such as Audi, Porsche, Seat...

  • DETROIT— Mitsubishi is recalling nearly 84,000 small cars in the U.S. because the air bags may not inflate in a crash. The recall covers certain Mirage models from 2014 through 2018. The company says the safety restraint computer can interpret road vibrations or a flat tire as a sensor error and disable the car's seven air bags.

  • Nov 17- The U.S. National Highway Traffic Safety Administration said Friday it is opening an investigation into potential air bag failure in 415,000 Volkswagen vehicles after the German automaker issued a recall for the same issue in 2015.. The agency said it had 90 complaints of problems after the recall was announced including some reports of problems...

  • TOKYO, Nov 17- Toyota Motor Corp and Suzuki Motor Corp have agreed to cooperate in selling electric vehicles in India from around 2020, they said on Friday, aiming to give each other a leg up in emerging markets and low-emission technology. The announcement comes after the Japanese companies agreed in February to trade expertise in parts supplies and research...

  • *GRAPHIC-Electric vehicles on the rise: http://tmsnrt.rs/2eNwQoZ. LONDON, Nov 17- Recycling companies are honing processes to extract metals from old batteries more cheaply and efficiently so they can capitalize on an expected shortfall in materials such as cobalt and lithium when sales of electric cars take off. "The value of lithium carbonate and natural...

  • HUNTSVILLE, Ala.— A German auto parts manufacturer will build a new plant in Alabama and hire 300 workers to supply parts for regional automobile manufacturers. BOCAR Chief Financial Officer Gerd Dressler said the company chose Huntsville as the plant site from among more than 40 options in the United States, citing the area's workforce, infrastructure and...

  • **Toyota Motor said it would consider selling locally designed and manufactured all-electric vehicle models in China, as it looks to expand its EV lineup and comply with Beijing's upcoming new-energy vehicle production and sales quotas. **China Development Bank Financial Leasing Co Ltd said it looked to buy a total of 14 new Airbus A320neo aircraft from Go...

  • **Toyota Motor said it would consider selling locally designed and manufactured all-electric vehicle models in China, as it looks to expand its EV lineup and comply with Beijing's upcoming new-energy vehicle production and sales quotas. **China Development Bank Financial Leasing Co Ltd said it looked to buy a total of 14 new Airbus A320neo aircraft from Go...

  • TOKYO, Nov 17- Germany's Daimler AG plans to invest 5 billion yuan in China, jointly with its Chinese joint-venture partner, for capacity to produce electric cars and the batteries that power them- part of an effort to help its China operations comply with the country's green car production and sales quotas, its head of greater China operations said at the...

  • MADRID, Nov 17- U.S. car manufacturer Ford announced on Friday it would invest more than 750 million euros in its Spanish plant in the eastern region of Valencia to produce the new model of its Kuga SUV. The Valencia plant employs over 8,000 people and, in addition to the Kuga, makes the Mondeo, S-Max and Galaxy cars and two models of van- mostly for export.

  • *VW has said to invest 20 bln eur in electric vehicles by 2030. FRANKFURT, Nov 17- Volkswagen's supervisory board is discussing a five-year spending plan totaling more than 70 billion euros to transform the group into a leader in electric cars, a person familiar with the talks told Reuters. The world's largest automaker has said it will invest more than 20 billion...

  • TOKYO— Nissan Motor Co. Chief Executive Hiroto Saikawa and other executives of the Japanese automaker are returning a part of their salaries to show remorse over illegal vehicle inspections at the automaker's plants in Japan. Earlier Friday, Nissan submitted to the government a report on its investigation into the scandal. Because of the problems, Nissan is...

  • YOKOHAMA, Nov 17- Nissan Motor Co said on Friday that an investigation into improper inspections found that its car plants in Japan had a shortage of inspectors, and outlined planned improvements including increasing the number of trained staff. Last month, Japan's No. 2 automaker recalled 1.2 million vehicles, including all passenger cars it produced for sale...

  • TOKYO, Nov 17- Toyota Motor Corp will consider selling locally designed and manufactured all-electric vehicles in China, as it looks to expand its lineup and comply with Beijing's upcoming new-energy vehicle production and sales quotas, its head of China operations said at the Guangzhou Auto Show. >Nissan's Infiniti to start producing new SUV in China next...

  • HAWTHORNE, Calif., Nov 16- Tesla Inc upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig's trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever. "Youll be able to travel from LA to San Francisco, and back, at highway speed without recharging.

  • HAWTHORNE, Calif., Nov 16- Tesla Inc upstaged its own debut of an electric heavy duty truck when a red Roadster pulled out of the big rig's trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever. The Thursday unveiling of two products, including the unexpected Roadster, drew roars of applause from a selected...

  • HAWTHORNE, Calif., Nov 16- Tesla Inc on Thursday unveiled a prototype electric big-rig truck that it will start producing in 2019, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company's future depends. Chief Executive Elon Musk unveiled the big rig, dubbed the Tesla Semi, by riding the truck into an airport...