BMW CEO Harald Krueger discusses growth in regional markets, as well as how Brexit and a potential border tax in the U.S. could impact his company.
Volkswagen Group CEO Matthias Mueller tells CNBC that "Opel are serious competitors" and discusses a potential border tax in the U.S.
GM President Dan Ammann adds that negotiations behind GM's sale of its Opel business to PSA were "tough but fair."
PSA Group CEO Carlos Tavares explains how GM's sale of its Opel business to his own is an opportunity for governments to strengthen jobs.
In the fourth quarter, the average amount borrowed to pay for a new vehicle jumped more than $1,000 to hit a total of $30,621.
The influential report once again did not select one car or truck as an overall top auto pick.
Feb 24- U.S. auto sales in February will increase less than 1 percent from a year earlier, even as consumer discounts remain at record levels, industry consultants J.D. Power and LMC Automotive said on Friday. Incentives as a percentage of manufacturer's suggested retail price were at 10.3 percent in February, exceeding the 10 percent level for the first time in...
Feb 24- U.S. auto sales in February will increase less than 1 percent from a year earlier, even as consumer discounts remain at record levels, industry consultants J.D. Power and LMC Automotive said on Friday. February U.S. new vehicle sales will be about 1.35 million units, up 0.6 percent from a year earlier, the consultancies said. The seasonally adjusted...
DETROIT, Feb 23- U.S. auto sales will show a 1 percent decline in February from a year earlier, industry consultant and car shopping website Edmunds said on Thursday. That sales rate is close to the 2016 full-year sales of 17.55 million vehicles, as reported by Autodata Corp.. GM's stronger sales are because of more generous incentives, said Jessica Caldwell,...
DETROIT, Feb 23- U.S. auto sales will show a 1 percent decline in February from a year earlier, industry consultant and car shopping website Edmunds said on Thursday. Edmunds estimated that February U.S. sales would be 1.33 million vehicles, for a seasonally adjusted annualized rate of 17.6 million. Automakers in the U.S. market report February sales on March 1.
FEBRUARY AUTO SALES AT SEASONALLY ADJUSTED ANNUALIZED RATE OF 17.6 MLN VEHICLES.
FEBRUARY AUTO SALES DOWN 1 PCT VS YEAR EARLIER AT 1.33 MLN VEHICLES.
FEBRUARY AUTO SALES TO RISE 5.7 PCT FOR GM, FALL 3.4 PCT FOR FORD.
Tesla says it received a record number of Model S and Model X orders, but one portfolio manager believes there is no growth anymore.
For the second straight year, owners of vehicles at least 3 years old are reporting more problems with their cars, trucks and SUVs.
Philippe Houchois, equity analyst at Jefferies, and Thomas Glendinning, senior automotives analyst at BMI Research, discuss problems in the car industry.
Philippe Houchois, equity analyst at Jefferies, and Thomas Glendinning, senior auto analyst at BMI Research, discuss PSA's potential deal to buy GM's Opel.
"Political uncertainty could cause a significant rift in light vehicle sales both in the U.S. and Europe, as both regions are undergoing fluctuations in policy, leadership and other dynamics," said Henner Lehne, senior director, global vehicle group for IHS Markit. The business consultancy said new vehicle sales in China will rise 1.9 percent to 28.5 million; fall...
The country last year recorded its steepest two-year increase in motor vehicle deaths in more than 50 years.
Georges Galliers, auto analyst at Evercore ISI, discusses news that General Motors is in talks to sell its European Opel unit to Peugeot.