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  • VW's rivals Ford and Opel/ Vauxhall meanwhile posted registration gains of 11.4 percent and 12.4 percent respectively, according to car registration data for European Union and European Free Trade Association countries. In the European Union, registrations rose to 1,061,150 in January, a 6.2 percent rise compared with the year-earlier period, marking the...

  • NEW DELHI, Feb 12- Sales of passenger cars and utility vehicles in India are expected to grow by as much as 12 percent in the fiscal year starting April 1, the country's automotive body said on Friday, higher than the 8 percent growth estimated for the current year. Prime Minister Narendra Modi is under pressure to increase welfare spending in India's upcoming...

  • DETROIT, Feb 11- Group 1 Automotive Inc Chief Executive Officer Earl Hesterberg said on Thursday the auto dealer group will cut orders for new vehicles as it looks to trim excess inventory. The excess inventory was most acute for luxury cars from BMW and Daimler AG's Mercedes-Benz in the oil patch of Texas and Oklahoma, Hesterberg told Reuters in an interview...

  • DETROIT, Feb 11- Group 1 Automotive Inc Chief Executive Officer Earl Hesterberg said on Thursday the auto dealer group will cut orders for new vehicles as it looks to trim excess inventory. The excess inventory was most acute for luxury cars from BMW and Daimler AG's Mercedes-Benz in the oil patch of Texas and Oklahoma, Hesterberg told Reuters in an interview...

  • DETROIT, Feb 11- Group 1 Automotive Inc Chief Executive Officer Earl Hesterberg said on Thursday the auto dealer group will cut orders for new vehicles in order to reduce excess inventory. Hesterberg, speaking with Reuters after the company issued fourth-quarter earnings, said the excess inventory was most acute for luxury cars from BMW and Daimler AG's...

  • Tesla's shares rose as much as 14 percent to $163.26 on Thursday morning, a day after Chief Executive Elon Musk promised that the company would start making money this year. While the company surprised investors with the strength of its vehicle sales forecast, some Wall Street analysts said the target was ambitious and that Tesla's cash burn rate remained a...

  • Calculator and car keys close-up

    A study says the percentage of car loans made to buyers with the poorest credit ratings is growing faster than the rest of the auto finance market.

  • BRIEF-JAGUAR LAND ROVER REPORTS RECORD JANUARY RETAIL CAR. *Jaguar Land Rover reports sales in europe up 65 percent, up 36 in the UK and up 5 percent in China. *Jaguar land rover reports record January retail sales of 46,016 vehicles, up 24 percent on January 2015.

  • Feb 7- Honda Motor Co's order that its U.S. dealers stop selling some 2.2 million of the automakers' most popular models is compounding financial and regulatory headaches for car dealers stuck with millions of vehicles that have potentially hazardous air bags or other safety defects. The National Highway Traffic Safety Administration says this difference...

  • FRANKFURT, Feb 4- Western European car sales rose 5.8 percent in January, according to industry data released by LMC Automotive on Thursday. "The West European car market got off to a strong start to the year, growing 5.8 percent year-on-year, despite having one less selling day this month," LMC Automotive analyst Emiliano Lewis said. Sales in Europe's biggest...

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

    Despite record profits, strong profit margins and sales that show no sign of slowing down, auto stocks are tumbling.

  • Ford Focus

    Ford 's president for EMEA told CNBC he expects "hundreds" of its approximately 10,000 salaried employees to take voluntary redundancy.

  • DETROIT, Feb 2- U.S. auto sales appeared to fare better than expected in January as the industry benefited from low gasoline prices, easy credit and moderate economic growth, preliminary results showed on Tuesday. The same trends that boosted sales in 2015 helped blunt the challenges of two fewer selling days and a massive East Coast snowstorm.

  • Feb 2- The following are the U.S. sales for January reported so far on Tuesday by top-selling automakers. U.S. Auto Sales for January 2016. AUTOMAKER JANUARY 2016 JANUARY 2015 PCT CHNG General Motors 203,745 202,786 0.5 Ford Motor 173,723 178,351 -2.6 Fiat Chrysler 155,037 145,007 6.9 Nissan^ 105,734 104,107 1.6 Honda Motor Co^^ 100,497 102,184 -1.7...

  • FRANKFURT, Feb 2- Chancellor Angela Merkel summoned auto bosses to Berlin on Tuesday to discuss ways to increase sales of low emissions electric and hybrid cars in the wake of Volkswagen's pollution cheating scandal. BMW, Mercedes-Benz and Audi now rank 12th, 14th and 22nd respectively in terms of global sales of hybrid and electric vehicles, data from LMC...

  • MOSCOW, Feb 2- As Russia wrestles with an economic crisis, more and more Porsches and Rolls-Royces are appearing on its roads. Sales of Porsche, Bentley, Rolls-Royce and Lexus cars all rose last year, even as Russia sank into recession. "It's bizarre," said IHS Automotive analyst Tim Urquhart.

  • DETROIT, Feb 2- Fiat Chrysler Automobiles reported its 70th straight month of year-on-year monthly sales gains in the United States on Tuesday, with January sales up 7 percent. The two brands appear to be the key to the company's future in North America after Chief Executive Officer Sergio Marchionne announced last week that Fiat Chrysler would stop...

  • Tesla Model S is seen ahead of the IAA Frankfurt Motor Show in Frankfurt, Germany on September 15, 2015.

    Morgan Stanley's Adam Jonas says he sees several signs that Tesla will face tougher growth prospects in coming years.

  • DETROIT, Jan 28- January U.S. auto sales will fall 4.5 percent because of the recent snow storm on the East Coast and two fewer selling days than a year ago, JD Power and LMC Automotive said on Thursday. The two industry consultants said that January U.S. sales will total 1.1 million vehicles, which translates into a seasonally adjusted annualized rate of 16.8...

  • AutoNation said sales of new vehicles rose 5.4 percent to $3.14 billion in the fourth quarter ended Dec. 31. Net income from continuing operations fell to $97.8 million, or 87 cents per share, in the three months ended December, from $116.9 million, or $1.02 per share, a year earlier. Revenues rose to $5.34 billion from $5.05 billion.