AUTO SALES MAY FALL SHORT OF LAST YEAR'S RECORD.
New tests show a passenger in the front seat of some SUVs involved in serious collisions may not be as well-protected the driver.
The company is rolling out an online financing offering this year to customers at 10 stores in the United States to help them pre-qualify for a loan before a store visit, hoping to improve customer conversion rates. "Many customers want to understand their financing options during their online research process, prior to coming into the store," CarMax Chief...
As Tesla CEO Elon Musk pitched Wall Street on his proposed acquisition of SolarCity, analysts weren't convinced.
Rolls-Royce's artificial intelligence system, known as "Eleanor," offers a peek into how it sees the ultra-wealthy getting around.
The serial entrepreneur and author predicts a low-end electric vehicle will sell for as low as $22,000 by the year 2022.
Chinese company LeEco has snaffled a senior legal counsel from Google and snapped up Yahoo's property at the center of the U.S. tech hub.
Tesla CEO Elon Musk hit out angrily on Twitter, claiming that most customer complaints about faulty suspension were "fraudulent."
Ziv Aviram, co-founder, president and CEO at Mobileye, says his company will provide the first fully autonomous cars on the road by 2021.
Tesla is reversing course and resuming sales of a lower-priced Model S that will have a smaller battery pack.
GM shares are down more than 15 percent since June 5, 2014, despite solid financial improvements since the ignition switch scandal.
MEXICO CITY, June 3- China's BAIC Motor Corp Ltd has started selling its own cars imported from China in Mexico and aims to reach 5,000 sales a year by 2018, a senior company executive said. BAIC, the Hong Kong- listed unit of Beijing Automotive Group Co Ltd, joins a host of international automakers who have set up operations in Mexico to access auto markets in the...
MONTREAL, June 1- Canadian auto sales for May edged 1.5 percent lower on an annual basis, the first monthly decline since December 2015, but the industry could still be on track to hit a new record this year, analysts wrote on Wednesday. Ford Motor Co on Wednesday reported slight gains in May auto sales in Canada, while Honda Motor Co Ltd said sales rose 5 percent.
DETROIT, June 1- U.S. auto industry sales fell 6 percent in May, with General Motors Co, Ford Motor Co and other manufacturers reporting lower U.S. vehicle sales for the month due to sluggish demand for sedans and two fewer selling days. Major automakers reporting May sales on Wednesday sold new vehicles at an annualized rate of 17.45 million vehicles, Autodata Corp...
Despite the weak data, the U.S. auto industry looks set to remain on course for another record year in 2016, analysts and economists said.
CNBC's Phil LeBeau looks into May auto sales data and the "FMHR" traders weigh in on the auto market.
DETROIT, June 1- The U.S. auto industry looks set for another record year, even as May new-vehicle sales reported so far on Wednesday showed a decline due to weak demand for sedans. General Motors Co, the largest U.S. automaker, reported a 14.3 percent drop to 240,450 vehicles from a year earlier. In pickup trucks, sales fell 12.7 percent for its Chevrolet Silverado and...
DETROIT, June 1- The U.S. auto industry looks set to remain on course for another record year in 2016, even if new vehicle sales in May reported later on Wednesday fall as much as expected, analysts and economists said. Fiat Chrysler Automobiles said sales rose 1 percent to 204,452 new vehicles from a year earlier on a 14 percent gain for its Jeep SUV brand.
DETROIT, June 1- The U.S. auto industry looks set to remain on course for another record year in 2016, even if new vehicle sales in May reported later on Wednesday fall as much as expected, analysts and economists said. Forty economists polled by Thomson Reuters expect on average a seasonally adjusted selling rate of 17.3 million vehicles for May, not greatly...