Investors should focus on the Model 3 and new developments instead, says The Motley Fool's David Kretzmann after Tesla posted a wider-than-expected Q1 loss.
*Mahindra to wind up electric car sales business in UK. *Mahindra to cancel new orders in UK, buy back cars sold. "Immediately post Brexit, the e2o has not met the desired sales targets as per the plans for the UK market," a Mahindra spokesman said in an emailed response, without explaining how Britain's decision to leave the European Union hurt sales.
*German drop echoes Italy, France declines, Spain rises. Stuttgart, home to premium carmakers Porsche and Mercedes-Benz, has been discussing banning diesel cars from the city centre, while ministers of Germany's regional governments are calling for older cars to be fitted with better emission controls. Germany's sales drop mirrored declines in France and...
Volkswagen reported one of its highest-ever quarterly group profits even as vehicle sales declined.
SAO PAULO, May 2- Auto sales in Brazil fell in April, an industry group said on Tuesday, reflecting the burden of the country's worst recession on record, high borrowing costs and declining demand for durable goods in Latin America's largest economy. Licensing of new cars, light commercial vehicles, buses and trucks fell 3.6 percent in April over the same month a...
*Focus on Fed meeting statement due out Wednesday. NEW YORK, May 2- U.S. Auto sales were weak across the board from everybody... with dramatically rising inventories, said Mary Ann Hurley, vice president in fixed income trading at D.A.
Ford's April U.S. sales fell 7.2 percent, dragged down by car sales that tumbled over 21 percent.
US TREASURY PRICES ERASE EARLIER LOSSES AS FORD, GM AUTO SALES FALL IN APRIL.
US TREASURY PRICES PARE LOSSES AFTER AUTO SALES DATA, 10- YEAR YIELDS FALL TO 2.33 PERCENT.
BEIJING, April 28- Chinese automaker BYD Co Ltd, backed by Warren Buffett's Berkshire Hathaway Inc, expects a fall of up to 31.4 percent in first-half net profit as Beijing's cut to subsidies slows green car sales slow in China. Shenzhen- based BYD, which specializes in green energy cars, forecast a 20.3 percent to 31.4 percent fall in net profit for the first half to...
Fiat Chrysler CEO Sergio Marchionne said the Jeep and Ram brands are strong enough to exist independently.
It's taking bigger deals to get consumers to buy new vehicles.
DETROIT, April 25- U.S. auto sales in April likely fell almost 2 percent from a year earlier, with consumer discounts remaining at levels high enough to threaten the industry's long-term health, industry consultants J.D. Power and LMC Automotive said on Tuesday. The consultancies also lowered their full-year 2017 forecast for new vehicle sales to 17.5 million...
"The legacy of Mustang continues to grow, and in places it never reached before,” said Mark Schaller, Ford Mustang marketing manager.
Corporate travelers may be re-thinking their use of Uber.
CNBC's Eunice Yoon says that carmakers are pushing two extremes at the Shanghai Auto Show, and speaks to VW CEO Matthias Müller.
Fresh off a disappointing quarter of sales, automakers tried to reignite excitement at the New York International Auto Show.
A top Ford Motor executive said on Monday industry-wide sales of sport utility vehicles will continue to rise in the U.S.
Tesla's market cap shut up during Monday's session making in the most valuable automaker in the U.S.
Tesla is now the most valuable automaker in the U.S.