Ford, GM and Honda report an increasing reliance on truck and SUV sales as U.S. sales of cars continue to slip.
DETROIT, April 3- U.S. sales of new vehicles in March at major automakers came in below market expectations, according to figures released on Monday, sending shares of General Motors Co and Ford Motor Co down more than 2 percent. The news also weighed on car retailer stocks. The March sales offered the market a glimpse of the overall health of middle-class American...
NEW YORK, March 31- Forget the jobs report. Economists are looking for another solid month of sales north of 17 million new vehicles at a seasonally adjusted annualized rate for March but nothing like the 18.4 million hit in December, the highest since August 2005. "There's an avalanche of used cars ready to hit the market place," said Brad Lamensdorf, co-manager of...
Morgan Stanley's Adam Jonas explains why he thinks the Tesla Model 3 will be 10 times safer than the average car.
Unlike traditional boots, the unique design of the Barnacle allows motorists to pay their parking ticket on the spot.
DETROIT, March 27- As U.S. auto sales have peaked, competition to finance car loans is set to intensify and drive increased credit risk for auto lenders, Moody's Investors Service said in a report released on Monday. "The combination of plateauing auto sales, growing negative equity from consumers and lenders' willingness to offer flexible loan terms is a...
DETROIT, March 24- U.S. auto sales in March will increase almost 1.9 percent from a year earlier, even as consumer discounts continue to remain at record levels, industry consultants J.D. Power and LMC Automotive said on Friday. President Donald Trump will press ahead with plans for a "border tax" on imported vehicles, LMC and J.D. Power said they were maintaining...
DESPITE "POLICY UNCERTAINTY" OVER SUGGESTED U.S.
MARCH AUTO SALES SEEN UP ALMOST 1.9 PERCENT IN MARCH AT 1.62 MILLION- JD POWER-LMC.
Warm weather and an economy heating up mean a record number of people will be flying this spring.
FRANKFURT, March 16- European new car registrations rose 2.1 percent in February, even as large markets like Germany and volume brands like VW, Opel, Vauxhall and Peugeot posted lower sales, the Association of European Carmakers said on Thursday. Car sales in the European Union and the countries of the European Free Trade Association reached 1,114,443 vehicles...
Volkswagen CEO Matthias Müller says that he won't rule out talks with Fiat Chrysler CEO Sergio Marchionne.
Volkswagen CEO Matthias Müller gives his perspective on German Chancellor Angela Merkel's upcoming visit to U.S. President Donald Trump.
Volkswagen CFO Frank Witter discusses how his company is addressing the implications of its emissions scandal.
Anna-Marie Baisden, head of autos at BMI Research, speaks about Volkswagen's predictions for 2017 and how the company is adapting to industry trends.
Beijia Ma, equity strategist at BofA Merrill Lynch, speaks about trends disrupting the automotive industry.
Tesla's industrial power packs are already having an impact on at least one state.
Thor Industries reported quarterly earnings that beat on both the top and bottom line, but its profit margins slid.
The Geneva Motor Show normally makes headlines for its super cars for the super-rich and this year was no exception with the likes of Lamborghini's Huracan Performante boasting the line's most powerful V10 engine ever built.
General Motors (GM) may have "thrown out the baby with the bathwater" in the sale of its European Opel and Vauxhall brands to French rival Peugeot, the head of rival firm Fiat Chrysler (FCA) has told CNBC.