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
FIAT CHRYSLER CONDUCTED INTERNAL REVIEW THAT SHOWED 5,000 TO 6,000 IN INFLATED U.S.
GM's warning about Europe did little to cool the enthusiasm of investors, who pushed the company's shares higher.
Colin Rusch, Oppenheimer senior analyst, discusses the future of Tesla.
CNBC's Phil LeBeau reports live at the Automated Vehicles Symposium and speaks to Anthony Foxx, U.S. Transportation Secretary.
It's not quite salt and a lime, but Ford thinks its cars and trucks could be a pretty good fit with Jose Cuervo, the famed tequila maker.
July 18- U.S. regulators are investigating whether Fiat Chrysler Automobiles NV had inflated vehicle sales figures, the company said Monday, following a lawsuit by Illinois dealers in January. The U.S. Securities and Exchange Commission and the Department of Justice are probing the way the Italian-American automaker reports vehicle sales to individuals,...
The Securities and Exchange Commission as well as the U.S. Department of Justice are conducting the investigation and the Italian-American automaker based in London is cooperating, according to a company statement.
Auto debt recently eclipsed the $1 trillion mark but big banks are cranking out more and more auto loans.
Fiat Chrysler is joining a list of companies offering hackers a chance to cash in on the bugs they find in products.
SEOUL, July 11- South Korea's environment ministry said on Monday it will decide later this month whether to revoke the certification of 32 vehicle models made by Volkswagen after prosecutors accused the German carmaker of fabricating documents on emissions and noise-level tests. Twenty-seven of the 32 models are currently offered in South Korea, the...
Federal investigators are trying to determine whether a Tesla Model X was in autopilot mode when it crashed.
LONDON, July 6- British new car registrations fell for only the second time in more than four years in June and the number of shoppers on the country's high streets dropped 3.4 percent in the days following the shock vote to leave the European Union. Investors will not know how the June 23' Brexit' vote has impacted Britain's economy until official data becomes...
Two of China's biggest household brands have teamed up to create what they call "the world's first mass-produced car on the internet."
For Tesla skeptics, the automaker's second-quarter delivery report gave them yet another reason to say "I told you so."
The U.K.’s decision to leave the EU could create problems for the autos industry, but also opportunities, according to market watchers.
Tesla Motors missed its vehicle delivery target for the second consecutive quarter and is on track to fall short of its annual target.
The seasonally adjusted annual sales pace for June was 16.66 million, according to Autodata Corp, down from 17 million vehicles a year earlier. Ford Motor Co, Fiat Chrysler Automobiles NV and Nissan Motor Corp reported improved sales, mainly driven by demand for light trucks. GM Chief Economist Mustafa Mohatarem said historically low interest rates, stable...
*ISM manufacturing index rises to 53.2 in June. *New orders, export and employment indexes rise. WASHINGTON, July 1- U.S. factory activity expanded at a healthy pace in June as new orders, output and exports rose, new industry data showed on Friday, providing another sign that U.S. economic growth was regaining its footing after weakness early this year.
WASHINGTON, July 1- U.S. factory activity expanded at a healthy pace in June as new orders, output and exports rose, new industry data showed on Friday, providing another sign that U.S. economic growth was regaining its footing after weakness early this year. "Net-net it is a certainly a bit of a mixed picture, a mixed bag, but I think in terms of direction, what is...
July 1- Robust demand for pickups and SUVs pushed up U.S. auto sales in June but the growth fell short of estimates as General Motors, Toyota Motor Corp and Volkswagen sold fewer vehicles. "With about 77 percent of the market reporting, we calculate June U.S. light vehicle industry is tracking to 16.9 million," RBC Capital Markets analyst Joseph Spak wrote in a note.