A study says the percentage of car loans made to buyers with the poorest credit ratings is growing faster than the rest of the auto finance market.» Read More
Despite record profits, strong profit margins and sales that show no sign of slowing down, auto stocks are tumbling.
Ford 's president for EMEA told CNBC he expects "hundreds" of its approximately 10,000 salaried employees to take voluntary redundancy.
U.S. auto sales fared better than expected in January, as the industry benefited from low gas prices and easy credit.
DETROIT, Feb 2- U.S. auto sales appeared to fare better than expected in January as the industry benefited from low gasoline prices, easy credit and moderate economic growth, preliminary results showed on Tuesday. The same trends that boosted sales in 2015 helped blunt the challenges of two fewer selling days and a massive East Coast snowstorm.
Feb 2- The following are the U.S. sales for January reported so far on Tuesday by top-selling automakers. U.S. Auto Sales for January 2016. AUTOMAKER JANUARY 2016 JANUARY 2015 PCT CHNG General Motors 203,745 202,786 0.5 Ford Motor 173,723 178,351 -2.6 Fiat Chrysler 155,037 145,007 6.9 Nissan^ 105,734 104,107 1.6 Honda Motor Co^^ 100,497 102,184 -1.7...
FRANKFURT, Feb 2- Chancellor Angela Merkel summoned auto bosses to Berlin on Tuesday to discuss ways to increase sales of low emissions electric and hybrid cars in the wake of Volkswagen's pollution cheating scandal. BMW, Mercedes-Benz and Audi now rank 12th, 14th and 22nd respectively in terms of global sales of hybrid and electric vehicles, data from LMC...
MOSCOW, Feb 2- As Russia wrestles with an economic crisis, more and more Porsches and Rolls-Royces are appearing on its roads. Sales of Porsche, Bentley, Rolls-Royce and Lexus cars all rose last year, even as Russia sank into recession. "It's bizarre," said IHS Automotive analyst Tim Urquhart.
Sales fell less than 1 percent to 1.1 million, according to Autodata Corp. The mid-January storm, which buried New York and Washington D.C. under more than 2 feet of snow, cost automakers around 15,000 vehicle sales, said John Humphrey, J.D. Power's senior vice president of automotive. Ford, Toyota, Honda and Volkswagen all saw sales decline from last January.
DETROIT, Feb 2- Fiat Chrysler Automobiles reported its 70th straight month of year-on-year monthly sales gains in the United States on Tuesday, with January sales up 7 percent. The two brands appear to be the key to the company's future in North America after Chief Executive Officer Sergio Marchionne announced last week that Fiat Chrysler would stop...
Morgan Stanley's Adam Jonas says he sees several signs that Tesla will face tougher growth prospects in coming years.
DETROIT, Jan 28- January U.S. auto sales will fall 4.5 percent because of the recent snow storm on the East Coast and two fewer selling days than a year ago, JD Power and LMC Automotive said on Thursday. The two industry consultants said that January U.S. sales will total 1.1 million vehicles, which translates into a seasonally adjusted annualized rate of 16.8...
AutoNation said sales of new vehicles rose 5.4 percent to $3.14 billion in the fourth quarter ended Dec. 31. Net income from continuing operations fell to $97.8 million, or 87 cents per share, in the three months ended December, from $116.9 million, or $1.02 per share, a year earlier. Revenues rose to $5.34 billion from $5.05 billion.
Jan 28- AutoNation Inc, the largest U.S. auto dealership chain, reported a 5.8 percent rise in quarterly sales, reflecting strong growth in vehicle sales and services business. Net income from continuing operations fell to $97.8 million, or 87 cents per share, in the fourth quarter ended Dec. 31, from $116.9 million, or $1.02 per share, a year earlier.
The DeLorean Motor Company will resume production of the iconic 1982 model car.
Fiat Chrysler on Wednesday said that it will build more of its popular Jeep and RAM pickups at its North America plants.
BEIJING, Jan 25- Ford Motor Co will close all operations in Japan and Indonesia this year as it sees "no reasonable path to profitability" there, according to an internal document reviewed by Reuters on Monday. Ford will exit all areas of business, including shuttering dealerships and stopping sales and imports of Ford and Lincoln vehicles, according to an email...
Carlos Ghosn, CEO of Renault-Nissan, explains why the company has recalled vehicles and says there are no so-called emissions cheating devices in their cars.
After more than 100 years of selling cars, GM is giving car-sharing a spin with a new service targeting the growing mobility-on-demand market.
DETROIT, Jan 20- Back in 2008, with gas prices averaging nearly $4 a gallon, President Barack Obama set a goal of getting one million plug-in electric vehicles on the roads by 2015.. Ford CEO Mark Fields said last week that EVs "are a difficult sell at $2 a gallon." Plug-in vehicles accounted for fewer than 1 percent of the 17.4 million cars and trucks sold last year,...
Mark Denham, fund manager at Aviva Investors, argues that the auto sector deserves to trade at a single digit multiple