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  • Guests view the inside of a Hyperloop tube during the first open air propulsion test at the Hyperloop One Test and Safety site on May 11, 2016 in Las Vegas, Nevada.

    Hyperloop One, which is nearing its first full scale test run, has promoted a tech industry veteran to two critical leadership positions.

  • An employee works on the assembly line at the General Motors Assembly Plant in Arlington, Texas.

    General Motors, one of automakers criticized by President-elect Trump, is adding 1,500 jobs in the U.S. as part of its plans for an additional $1 billion investment in U.S. manufacturing operations.

  • FRANKFURT, Jan 17- European car sales rose for a third consecutive year in 2016, with all major markets recording gains, industry data showed on Tuesday. New car registrations across the European Union and European Free Trade Area increased 6.5 percent, including a 3.2 percent rise in December, the European Automobile Manufacturers' Association said.

  • Judicial investigation launched into Renault over emissions, a source told Reuters, causing the carmaker's shares to fall sharply.

  • MOSCOW, Jan 12- Car sales in Russia look set to rebound this year, rising by 4 percent to 1.48 million units if the state maintains support for the sector, the Association of European Businesses lobby group said on Thursday. Presenting its forecast at an event in Moscow, the AEB said 2016 had been a tough year. After a decade of annual sales growth in excess of 10 percent,...

  • CNBC's Nancy Hungerford provides the latest on Volkswagen's deal with the U.S. Department of Justice concerning its emissions scandal which broke in 2015.

  • The 7 best reveals of the 2017 Detroit Auto Show

    North American International Auto Show, held in Detroit, Michigan, is a preview for upcoming cars. We caught some of the best reveals.

  • Mary Barra, Chairman and CEO of General Motors, holds a media briefing at the 2016 GM Annual Meeting of Shareholders on June 7, 2016 in Detroit, Michigan.

    Amid worries about how U.S. trade policy could hurt profits for automakers, General Motors expects to grow earnings and revenue this year.

  • MUMBAI, Jan 10- India's automobile sales saw their biggest monthly fall in 16 years in December after Prime Minister Narendra Modi's ban on high-value banknotes sparked a severe cash shortage that dented demand for big-ticket items such as cars. Automobile sales fell 18.66 percent in December to 1.2 million units, the biggest monthly drop since the same month...

  • Starting to see beginning of resolution to VW emissions scandal

    Anna-Marie Baisden, auto analyst at BMI, adds that VW's new product launches look "quite positive," with investors bullish.

  • LONDON, Jan 6- Palladium has soared away from its peers this week on bets that the autocatalyst metal, sold down at the end of last year, will benefit if tax cuts and higher government spending in the major car markets of China and the United States boost auto sales. The metal, mainly mined in Russia and South Africa and bought by carmakers for use in...

  • LONDON, Jan 5- Gold touched its highest in four weeks on Thursday as the dollar slipped further from a 14- year peak hit earlier this week. Spot gold rose as much as 1.4 percent to its highest since Dec. 7 at $1,179.36 an ounce and was up 0.9 percent at $1,173.62 at 1256 GMT. U.S. gold futures climbed $8.80 to $1,174.10.

  • *GM, local JVs sold 3.9 mln vehicles in China last year. BEIJING, Jan 5- General Motors Co and its joint venture partners sold 3.87 million vehicles in China in 2016, up 7.1 percent from the previous year, cementing the country's position as the U.S. automaker's top market for a fifth consecutive year. Sales of GM's budget Baojun brand, developed for China with JV...

  • *GM, local JVs sold 3.9 mln vehicles in China last year. BEIJING, Jan 5- General Motors Co and its joint venture partners sold 3.87 million vehicles in China in 2016, up 7.1 percent from the previous year, cementing the country's position as the U.S. automaker's top market for a fifth consecutive year. Sales of GM's budget Baojun brand, developed for China with JV...

  • SINGAPORE, Jan 5- Oil prices were firm on Thursday, buoyed by data showing a fall in U.S. crude inventories and by record car sales in the United States. Traders said that WTI had been lifted by a report by the American Petroleum Institute stating that U.S. crude inventories fell 7.4 million barrels in the week ended Dec. 30 to 482.7 million, compared with analyst...

  • Automakers sold around 1.95 million units in Canada last year, up about 3 percent from another record year, 2015, auto analyst Dennis DesRosiers and Scotiabank Senior Economist Carlos Gomes wrote in notes to clients on Wednesday afternoon. December sales in Canada declined around 3 percent on an annual basis because of weaker demand for cars, they wrote.

  • DETROIT, Jan 4- U.S. sales of new cars and trucks hit a record high in 2016, automakers said on Wednesday, and investors bid up shares in the sector as strong consumer confidence and relatively low fuel prices bolstered the industry's outlook. Autodata Corp said 2016 U.S. auto sales of 17.55 million were 0.4 percent higher than the previous record set in 2015..

  • DETROIT, Jan 4- U.S. sales of new cars and trucks hit a record high in 2016, automakers said on Wednesday, and investors bid up shares in the sector as strong consumer confidence and relatively low fuel prices bolstered the industry's outlook. Shares of General Motors Co rose 5.5 percent and Ford Motor Co 4.6 percent, far outpacing the wider Dow Jones Industrial...

  • DETROIT, Jan 4- U.S. auto sales rose 0.4 percent in 2016 and set an annual record high of 17.465 million vehicles, from 17.396 million in 2015, WardsAuto reported on Wednesday.

  • MONTREAL, Jan 4- Ford Motor Co on Wednesday said 2016 was its best year for Canadian sales since 1989, fueled by demand for pickup trucks and SUVs, while Fiat Chrysler Automobiles reported a 4 percent decline in sales last year, compared with 2015.. Ford said in a statement it sold 304,618 vehicles in Canada in 2016, up 9.4 percent compared with 278,531 units in 2015.