The new Tesla battery pack is unlikely to boost sales much, a Kelley Blue Book expert told CNBC.
For the second year in a row, the number of people killed in traffic fatalities increased substantially from January through June.
Demand from ultra-wealthy car buyers for the new Ford GT has led the automaker to sell another 500 copies of the carbon fiber supercar.
The commercial vehicle, which will not include a steering wheel or pedals, will be used by ride-hailing and ride-sharing companies.
Ford is accelerating plans to develop self-driving cars as it races to keep up with its traditional competitors and technology companies.
Hyperloop One, a controversial company with big dreams and potentially big legal problems, is planning to develop Hyperloop runs around the world.
Starting this fall, certain Audi models will include a feature that tells motorists how long it will be until the red light changes to green.
BEIJING— China's auto sales growth accelerated in July, an industry group said Friday, while General Motors Co. and Ford Motor Co. reported record demand for the month. Ford Motor Co. sales rose 15 percent to 88,189 vehicles. Volkswagen AG, which competes with GM for the status of China's most popular vehicle brand, said sales rose 16 percent to 285,900..
WASHINGTON— A congressional review panel says there is "substantial reason to believe" that a Republican congressman from Texas may have been perceived to be acting in his own financial interest when he offered an amendment to benefit auto dealers last year. Roger Williams is an auto dealer, and he has come under scrutiny by the House Ethics Committee over an...
An S&P Global analyst joined CNBC's "Closing Bell" to talk Tesla and whether the company is worth the investment risk.
Aug 5- Canadian auto parts maker Magna International Inc reported a better-than expected rise in quarterly profit on Friday, helped by strong vehicle sales in North America and Europe, sending shares higher. Magna, which bought German automotive supplier Telemotive AG in April to expand into vehicle connectivity, counts General Motors Co, Volkswagen AG, BMW...
LONDON, Aug 4- British new car registrations fell marginally in July, the first time sales have fallen two months in a row for four and a half years, preliminary industry data covering the first full month since the Brexit vote showed on Thursday. The Society of Motor Manufacturers and Traders will publish full data at 0800 GMT but it said there appeared to have been...
MONTREAL, Aug 3- Ford Motor Co on Wednesday reported higher Canadian auto sales for July, on an annual basis, as forecasters expect another record-breaking year for the sector in Canada. Ford's numbers follow a record-breaking June for the sector with auto sales rising 7.4 percent to 191,088 on an annual basis, according to Canadian auto analyst Dennis...
*June consumption up 0.4 pct vs estimated 0.3 pct. *U.S. crude falls back below $40 a barrel. NEW YORK, Aug 2- Wall Street stocks fell on Tuesday, with each of the major indexes notching their worst day in about a month as economic data and weaker-than-expected auto sales spurred concerns about growth.
NEW YORK, Aug 2- Stocks fell Tuesday on Wall Street, with each of the major indexes notching their largest daily percentage loss in about a month as economic data and weaker-than-expected auto sales spurred growth concerns.
DETROIT, Aug 2- The biggest U.S. automakers on Tuesday reported July U.S. sales that disappointed Wall Street as skittish investors feared the industry's long pleasure trip of strong sales may soon be over, sending their shares skidding about 4 percent. Wes Lutz, owner of Extreme Chrysler Dodge Jeep Ram in Jackson, Michigan, said consumers "are maxed out and can...
After six straight years of rising sales, there is a new reality settling in at dealerships: Sales may have finally peaked.
UPDATE 2-U.S. July auto sales strong, but miss estimates.
DETROIT, Aug 2- July U.S. auto sales remained strong as consumers continued to spend on pickup trucks and SUVs but the two biggest manufacturers in the market failed to hit analysts' expectations. By midday, with 80 percent of the U.S. market counted, sales were tracking at 17.4 million vehicles, according to RBC Capital Markets. "What is interesting to note is that...
Four major automakers in the U.S. market on Tuesday reported July vehicle sales slightly below expectations.