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Specialty Retail Automotive Retail

  • Carmakers pushing electric at the Shanghai autoshow

    CNBC's Eunice Yoon says that carmakers are pushing two extremes at the Shanghai Auto Show, and speaks to VW CEO Matthias Müller.

  • A Dodge Challenger SRT Demon on display at the New York Auto Show on April 12, 2017.

    Fresh off a disappointing quarter of sales, automakers tried to reignite excitement at the New York International Auto Show.

  • A worker cleans Ford SUV's at Star Ford dealership in Glendale, California.

    A top Ford Motor executive said on Monday industry-wide sales of sport utility vehicles will continue to rise in the U.S.

  • Tesla passes General Motors to become the most valuable US automaker

    Tesla's market cap shut up during Monday's session making in the most valuable automaker in the U.S.

  • Tesla is the most valuable US automaker

    Tesla is now the most valuable automaker in the U.S.

  • An American Airlines plane arrives at Jose Marti International Airport on November 28, 2016 in Havana.

    In 2016, airlines posted their best numbers ever in critical areas like baggage handling and denied boardings.

  • DETROIT, April 6- Ratings agency Fitch said on Thursday that it expects further credit deterioration in auto lenders' portfolios in 2017 as the U.S. auto market comes off a boom cycle in which smaller subprime lenders have been aggressively pursuing market share. Fitch said it expects a U.S. new-vehicle sales to decline to 17 million this year after reaching a...

  • DETROIT, April 5- Car dealers on Wednesday added to concerns about the state of the U.S. auto industry and how tough any downturn might be if its six-year recovery has ended. In a conference call with media and analysts, officials of the National Automobile Dealers Association said they expected sales of cars and light trucks in the United States to dip to 17.1...

  • Net earnings rose to $152.6 million, or 81 cents per share, in the quarter, from $141.0 million, or 71 cents per share, a year earlier. Net sales and operating revenue rose to $4.05 billion from $3.71 billion. Analysts on average had expected a profit of 79 cents per share and revenue of $3.93 billion, according to Thomson Reuters I/B/E/S.

  • DETROIT, April 5- Car dealers on Wednesday added to concerns about the state of the U.S. auto industry and how tough any downturn might be if its six-year recovery has ended. In a conference call with media and analysts, officials of the National Automobile Dealers Association said they expected sales of cars and light trucks in the United States to dip to 17.1...

  • LONDON, April 5- British new car registrations rose to a record high in March as customers brought forward purchases to beat an April tax rise, a car industry body said, overcoming expectations of a slump after two years of record highs. New car sales rose 8.4 percent last month to 562,337, the Society of Motor Manufacturers and Traders said, despite forecasts that...

  • People in the main terminal at Washington Dulles International Airport.

    The combination of a strong economy and near-record consumer confidence is convincing many Americans this is the time to get away.

  • Auto sales fall shy of forecasts

    The big automakers have reported their March sales numbers, and it looks like America's appetite for cars may be waning.

  • *Investors fret over govt ability to deliver on reforms. April 3- Wall Street closed slightly lower on Monday as March auto sales disappointed and investors questioned whether the Trump administration would deliver on its pro-business economic stimulus. "The disappointing auto sales are something people are keeping an eye on and that's meaningful news," said...

  • A potential car buyer views a Fiat Chrysler Jeep sports utility vehicle at Suburban Chrysler Dodge Jeep Ram of Troy dealership in Troy, Michigan, March 25, 2016.

    Automakers reported declining car sales that sent share prices for the Big Three lower.

  • NEW YORK, April 3- Wall Street fell on Monday as auto sales disappointed and investors questioned whether the Trump administration would deliver on its pro-business economic stimulus.

  • TORONTO, April 3- The Canadian arm of General Motors led auto sales in Canada for the month of March, and also posted the biggest surge in monthly sales. Ford Motor Co sold a total of 26,487 cars and trucks in Canada last month, up from 26,447, a rise of just 0.2 percent, as Ford car sales in Canada fell nearly 20 percent for the month. GM Canada reported double-digit sales...

  • NEW YORK, April 3- U.S. Treasury notes touched 2.332 percent, their lowest level since Feb. 27, after the disappointing March sales by major U.S. automakers heightened concerns that America's long, robust boom car sales cycle may finally be losing steam. "U.S. auto sales raise questions about consumer demand, consumer spending going forward," said bond strategist...

  • DETROIT, April 3- Major U.S. automakers' sales figures for March came in below market expectations and gave early evidence that America's long, robust boom cycle for car sales may finally be losing steam. General Motors Co and Fiat Chrysler Automobiles NV shares both fell almost 4 percent, while Ford Motor Co was off 3 percent. March "was a tough, tough, tough market,"...

  • TORONTO, April 3- The Canadian arm of Fiat Chrysler Automobiles, which makes the Jeep and Chrysler brands, led auto sales in Canada for the month of March, but General Motors Canada posted the biggest surge in monthly sales. Ford Motor Co sold a total of 26,487 cars and trucks in Canada last month, up from 26,447, a rise of just 0.2 percent, as Ford car sales in Canada fell...