The company confirmed a week ago that U.S. regulators were investigating claims by two Chicago- area dealerships that they had been forced by Fiat Chrysler officials to falsify sales reports. An internal review at Fiat Chrysler had found that its U.S. sales figures were inflated by 5,000 to 6,000 vehicles, Automotive News reported on Monday, citing company... » Read More
The net income attributable to common shareholders rose to $171.3 million, or 3 cents per share, in the first quarter ended March 31 from $105.7 million, or 2 cents per share, a year earlier. Revenue increased to $1.2 billion from $1.08 billion. Analysts on average had expected a profit of 3 cents per share on revenue of $1.18 billion, according to Thomson Reuters...
Hundreds of millions of dollars are being spent by Chinese companies to create the next Tesla, and it's easy to see why.
The company's net income fell to $95.9 million, or 89 cents per share, in the first quarter ended March 31 from $111.5 million, or 97 cents per share, a year earlier. AutoNation earned 90 cents per share from continuing operations. Revenue rose 3.5 pct to $5.12 billion.
DETROIT, April 21- J.D. Power and LMC Automotive on Thursday said April U.S. total light vehicle sales will rise 4.9 percent to 1.523 million vehicles, for an annualized rate of 17.6 million vehicles. The two auto industry consultants said consumers are expected to spend $36.9 billion on new vehicles in April, compared with $35.3 billion last April.
Anyone suffering deja vu while watching Mitsubishi's top execs admit the company cheated on fuel economy tests should not be surprised.
Clear uses fingerprints and iris images to verify the person holding a boarding pass is a member and is ready for final clearance by the TSA.
New York Times columnist and CNBC contributor Jim Stewart discusses the significance of foreign luxury automakers getting into luxury SUV market.
WASHINGTON, April 13- U.S. retail sales unexpectedly fell in March as households cut back on purchases of automobiles, further evidence that economic growth stumbled in the first quarter. The Commerce Department said on Wednesday that retail sales declined 0.3 percent last month after being unchanged in February. Economists polled by Reuters had forecast...
After images of a 2017 Model S refresh leaked online, Tesla Motors confirmed forthcoming design and specification updates.
*Mercedes-Benz passenger car sales up 12.6 pct to 483,487. FRANKFURT, April 12- Mercedes-Benz was the biggest seller of luxury cars globally in the first quarter, monthly registration figures showed on Tuesday, putting it in the frame to knock BMW off the top spot this year for the first time in a decade. Total sales of Mercedes-Benz in the first quarter reached...
BEIJING, April 12- Vehicle sales in China are expected to grow 5 percent in the second quarter of 2016, China's automakers association said on Tuesday, slowing slightly from the first three months of the year. The world's largest auto market grew 6 percent in the first quarter from a year earlier, the China Association of Automobile Manufacturers told a briefing...
New crash tests of full-size pickup trucks are raising troubling questions about the safety of the popular Ram 1500.
The automaker on Monday announced the voluntary recall of 2,700 Model X vehicles built before March 26 at the company's plant in Fremont, California.
Will Tesla need to raise billions of dollars to expand its capacity?
CNBC's Phil LeBeau reports automaker Tesla announcing it has received over 325,000 reservations for its new Model 3 electric car in just one week.
The lawsuit, filed in federal court in Illinois, is the first brought by a VW franchise dealer over the automaker's admitted use of software that allowed nearly 600,000 vehicles to emit up to 40 times legally allowable pollution, said Steve Berman, a lawyer for the owner of the dealerships. A Volkswagen spokeswoman did not immediately comment on the suit filed by...
The suit filed in federal court in Illinois is the first brought by a VW franchise dealer over the automaker's admitted use of software that allowed nearly 600,000 vehicles to emit up to 40 times legally allowable pollution, a lawyer for owner of the dealerships said. A Volkswagen spokeswoman did not immediately comment on the suit filed by the owner of...
Tesla Motors Chief Executive Elon Musk has warned investors against seeking to benefit from a sharp fall in his company's share price.
Ford says it will be opening a new assembly plant in Mexico.