LONDON, July 28- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. Signs of Brexit stress: 1) Dealership Inchcape expects UK car market growth to slow after Brexit. 2) Countrywide, the UK's biggest lettings and estate agency company, warns on full-year... » Read More
JD POWER-LMC LOWERS 2016 FULL-YEAR AUTO SALES FORECAST TO 17.7 MILLION VEHICLES FROM 17.8 MILLION VEHICLES.
JD POWER-LMC FORECAST SEASON-ADJUSTED ANNUALIZED RATE FOR U.S.
DETROIT, May 19- The days of lofty year-over-year increases in monthly U.S. auto sales may be reaching an end, industry consultants J.D. Power and LMC Automotive said on Thursday. "Vehicle sales growth appears to be flattening out," said Jeff Schuster, head of forecasting for LMC Automotive. Deirdre Borrego, manager of automotive data at J.D. Power, said there is a...
Investors have soured on the retail sector recently. Here’s how to trade a rebound. CNBC’s Deirdre Bosa breaks down the best stock picks to play when the SPDR S&P Retail ETF rises 8 percent in one month.
With auto sales cruising at a near record pace, the amount of money borrowed by car, truck and SUV buyers topped $1 trillion for the first time ever.
Silicon Valley company Alta Motors is making a faster, quieter, and more nimble version of the traditional gas-powered motorcycle.
European car sales rose 9 percent in April, industry data showed on Friday.
EUROPEAN CAR SALES UP 9 PCT IN APRIL TO 1.3 MLN VEHICLES- ACEA.
EUROPEAN CAR SALES UP 8.3 PCT IN JAN-APRIL TO 5.25 MLN VEHICLES.
MILAN, May 13- European car sales rose 9 percent in April, industry data showed on Friday, with nearly all auto manufacturers recording sales increases and Volkswagen's namesake brand back to growth despite its diesel emissions scandal. New passenger car registrations in the European Union and European Free Trade Association increased to 1.3 million...
The electric car company's Model S sedan is being tested by the Los Angeles Police Department.
Hyperloop One has raised Series B financing on the eve of a demonstration its hyperloop system at a test track in Las Vegas.
BEIJING, May 10- Vehicle sales in China rose 6.4 percent in April from a year earlier, the China Passenger Car Association said on Tuesday. Auto retail sales totaled 1.7 million, CPCA said in a statement on its website. The China Association of Automobile Manufacturers, whose statistics are generally viewed as the benchmark for the industry, is due to report...
FRANKFURT, May 6- Western European car sales rose 8 percent year-on-year in April, although sales momentum has slowed, auto industry data provided by LMC Automotive showed on Friday. Monthly car sales rose to 1,213,990 vehicles, according to LMC Automotive estimates, which are based on national registration data and LMC's own forecasts. "Taking account of at...
Wall Street analysts seem to be doubting Tesla's ability to hit its aggressive, new production target.
May 5- Canadian auto parts maker Magna International Inc reported an 8 percent rise in first-quarter profit, helped by an higher vehicle sales in North America. Net income from continuing operations attributable to Magna rose to $492 million, or $1.22 per share, in the quarter ended March 31, from $455 million, or $1.10 per share, a year earlier.
*Ford's China April sales -11 pct, GM +7.5. Ford's biggest drop since May 2015. BEIJING, May 5- Ford Motor Co's monthly vehicle sales in China recorded the largest decline in a year while General Motors' sales growth returned to positive territory, clouding the outlook for the world's biggest auto market amid an economic slowdown.
Shares of U.S. car makers Ford and GM opened nearly 3 percent lower Tuesday.
DETROIT, May 3- Detroit automakers reported another month of strong demand from U.S. consumers for trucks and sport utility vehicles on Tuesday, but their shares dropped as analysts focused on signs the world's second largest auto market has little room to grow. Wall Street analysts say the U.S. auto market is close to a cyclical peak and that more production cuts,...
DETROIT, May 3- U.S. auto sales were on course to reach a new high for the month of April on Tuesday, but shares were pressured on concerns the cyclical industry may be hitting a peak and luxury sedan sales were slowing. Many Wall Street analysts say the U.S. auto market is close to a cyclical peak and will begin to weaken. "SUVs and crossovers continue to drive the...