With automakers and dealers pushing year-end deals, the pace of vehicle sales in November has hit the highest level of the year.» Read More
Five years after GM shut down a Hummer plant in Mishawaka, Indiana, the assembly line now cranks out the Mercedes-Benz R Class.
Tesla loses more than $4,000 on each car it sells; is burning through cash.
During Tesla's earnings call, CEO Elon Musk outlined plans to roll out the beta version of its autopilot software.
TESLA CEO ELON MUSK SAYS VEHICLE SALES COULD RISE TO 83,000-93,000 IN 2016.
BMW, the world's biggest luxury carmaker, warned that its FY financial forecasts may be at risk from any further deterioration in the Chinese market.
South Carolina is attracting and expanding two industries with some of the highest-paying blue-collar jobs.
DETROIT, Aug 3- U.S. auto sales were stronger than expected in July and kept the industry on pace for its best performance since 2001 as cheaper gasoline and low interest rates drove the continuing shift toward sport utility vehicles and pickup trucks. With automakers reporting monthly sales on Monday, Ford Motor Co said U.S. auto industry sales of 1.55 million...
U.S. auto sales were stronger than expected in July and kept the industry on a pace for its best year in a decade, driven by SUVs and pickup trucks.
DETROIT, Aug 3- U.S. auto sales were stronger than expected in July and kept the industry on a pace for its best year in a decade, driven by the continuing shift toward sport utility vehicles and pickup trucks. Fiat Chrysler Automobiles sales rose 6 percent and Nissan Motor Co Ltd gained 8 percent, also outstripped expectations of analysts. Car-buying website...
WASHINGTON, Aug 3- U.S. consumer spending in June advanced at its slowest pace in fourth months as demand for automobiles softened, suggesting the economy lost some momentum at the end of the second quarter. But the moderation in consumer spending could be temporary as Fiat Chrysler Automobiles and Nissan Motor Co Ltd said on Monday their U.S.
The results dismissed warnings from skeptics, who have suggested the aluminum panels are not strong enough to protect passengers.
Nearly one out of every four vehicles in the U.S. was built before the year 2000, according to new data from IHS Automotive.
General Motors is investing $5 billion in a new family of vehicles targeting many of the world's fastest-growing emerging auto markets.
July 28- Sirius XM Holdings Inc raised its full-year forecast for revenue and subscriber additions for the second time in a row, citing strong U.S. auto sales. The company also raised its revenue forecast for 2015 to $4.5 billion from $4.47 billion earlier. The company's net income fell to $102.8 million in the second quarter ended June 30, from $120 million a year...
July 28- Sirius XM Holdings Inc reported an 8.5 percent rise in quarterly revenue as strong U.S. auto sales helped it add more paying subscribers for its satellite radio service. The company's net income fell to $102.8 million in the second quarter ended June 30, from $120 million a year earlier. Revenue rose to $1.12 billion from $1.04 billion, the company said.
Fiat Chrysler's record fine will not break the automaker. Nor is it likely to hurt sales, according to one market analyst.
Recent Fiat Chrysler recalls are raising major safety concerns about several of the automaker's models.
GM CFO Chuck Stevens says demand for new vehicles remains strong in North America after the automaker reported a profit beat.
Other states are more lenient on offending motorists.
One of Apple's most recent auto industry hires is raising eyebrows because of his bumpy tenure while at Fiat Chrysler.