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Autos Automobiles and Components

  • NEW YORK, Oct 17- Palladium rallied to a. 16- year high this week and may rise even further, industry participants said, as consumers replaced vehicles damaged by hurricanes in the United States and on rising auto sales in China. deluged the U.S. state of Texas in August.

  • China has said it wants electric and plug-in hybrid cars to make up at least a fifth of Chinese auto sales by 2025, spurring a raft of investment plans from global automakers in electric vehicles, particularly new joint ventures with Chinese firms. Volvo's chief executive Hakan Samuelsson said there was huge demand for premium electric cars in China, but added...

  • The company's net income fell to $68.2 million, or 40 cents per share in the third quarter, from $114.1 million, or 64 cents per share, a year earlier. Revenue from motorcycles and related products fell to $962.1 billion from $1.09 billion. Analysts on average had expected earnings of 39 cents per share and revenue of $953.3 million, according to Thomson Reuters...

  • SHANGHAI, Oct 17- Volvo Cars and its Chinese parent unveiled their first Polestar model and plans to invest 5 billion yuan in the electric vehicle brand, gearing up for intense competition to sell green cars in the world's biggest auto market. China has said it wants electric and plug-in hybrid cars to make up at least a fifth of Chinese auto sales by 2025, spurring...

  • Oct 17- U.S. motorcycle maker Harley-Davidson Inc reported a 40.2 percent drop in quarterly profit as demand continued to weaken among its aging baby-boomer customers and fewer millennials take to motorcycling. The company said net income fell to $68.2 million, or 40 cents per share, in the third quarter ended Sept. 24, from $114.1 million, or 64 cents per share, a...

  • BEIJING— Volvo Cars' performance electric car brand, Polestar, unveiled a four-seat coupe in lightweight carbon fiber as its first model Tuesday, adding to competition in a market dominated until now by Tesla. It is due to be produced at a factory in western China and released in 2019.. Volvo, owned since 2010 by Chinese automaker Geely Holding, announced in July...

  • BERLIN, Oct 17- With the Spanish media focused on the political crisis over Catalonia, Volkswagen's Spanish division Seat has decided to delay announcing the name of its forthcoming model. However, preparations for selling and building the vehicle, which is due to be made at Volkswagen's Wolfsburg base in Germany, will not be affected by the delay, the spokesman...

  • TOKYO, Oct 17- Japan's Nikkei share average rose for an 11th straight day in choppy trade on Tuesday as a stable yen supported exporting automakers, while expectations that the ruling bloc will win the election later this month continued to underpin sentiment. "The Japanese market's main buyers are seen to be foreign investors because the election outcome...

  • GM back in style on Wall Street

    Jim Cramer goes over the possible reasons for Wall Street's newfound love for General Motors and wonders if the hype will last.

  • *Kirkuk oil production resumes after brief suspension. A convoy of armoured vehicles from Iraq's elite U.S.-trained Counter-Terrorism Force seized Kirkuk's provincial government headquarters less than a day after the operation began, a Reuters reporter in Kirkuk said. But an aid organisation working in Kirkuk said several Kurdish Peshmerga fighters...

  • Cramer explains why General Motors' stock is back in style on Wall Street

    Jim Cramer goes over the possible reasons for Wall Street's newfound love for General Motors and wonders if the hype will last.

  • A worker wipes the logo of the General Motors Cadillac brand display ahead of the 2017 New York International Auto Show (NYIAS) in New York earlier this year.

    Jim Cramer goes over the possible reasons for Wall Street's newfound love for General Motors and wonders if the hype will last.

  • DETROIT, Oct 16- In an auto industry race to develop electric vehicle batteries that charge faster and are cheaper and safer than lithium-ion cells, startup Zap&Go will do all that with its carbon-ion alternative' within a few years', a company executive said. Oxford, England- based Zap&Go will begin production of its carbon-ion battery in 2018, in partnership...

  • MONTREAL, Oct 16- Striking Canadian workers on Monday voted nearly 86 percent in favor of a new four-year agreement with General Motors Co in a deal that would make it more costly for the U.S. automaker to shut the Ontario plant. The strike followed union demands for guarantees to prevent GM from shifting Canadian production of the strong-selling Equinox toward...

  • MONTREAL, Oct 16- General Motors Co. on Monday welcomed the ratification of a new four-year agreement by unionized workers at its SUV plant in Ontario, Canada, ending a near month-long strike. The U.S. auto giant and the union reached a tentative deal on Friday. About 2,500 workers at the CAMI plant in Ingersoll walked off the job on Sept. 18 after GM rejected a union...

  • FRANKFURT, Germany— German automaker Daimler, maker of Mercedes-Benz cars, is recalling more than a million vehicles worldwide over a wiring defect that could unexpectedly trigger the air bag. Germany's dpa news agency reported Monday that 400,000 of the vehicles were registered in Britain and several hundred thousand in Germany, with other countries to...

  • BERLIN/ WASHINGTON, Oct 16- Daimler AG is recalling more than 1 million Mercedes-Benz cars and sport utility vehicles worldwide to address potential unintended air bag deployments, the German automaker said on Monday. The safety recall covers 495,000 vehicles in the United States, 400,000 in Britain, 76,000 in Canada and a few hundred thousand in Germany,...

  • Tesla fires hundreds of employees while trying to ramp up vehicle production

    Tesla is firing hundreds of employees even as the company aims to ramp production of its electric vehicles.

  • FRANKFURT, Germany— German automaker Daimler says it is moving toward implementing a new structure in which its Mercedes-Benz car division and truck and bus business would become legally independent entities under Daimler's overall roof. All three would keep their registered offices in Germany. Daimler AG's CEO, Dieter Zetsche, said in a statement that "...

  • *To invest more than 100 mln euros in reorganisation prep. BERLIN, Oct 16- Daimler has started the process of creating separate legal entities for its Mercedes Benz cars and Daimler Trucks divisions, a move that has fuelled speculation of an eventual break up of the German automaker. CEO Dieter Zetsche said in July that Daimler was considering putting parts of its...