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...» Read More
July sales rose 5 percent to more than 1.5 million, according to Autodata Corp.. Subaru reported the biggest sales gain of 10.5 percent over last July. General Motors, Fiat Chrysler and Hyundai all saw 6 percent sales increases, while Honda and Nissan saw 8 percent gains.
The esults dismissed warnings from skeptics, who have suggested the aluminum panels are not strong enough to protect passengers.
DETROIT— When a car dealer offers to loan you the money to buy a car at zero interest, it gets your attention. Experian Automotive, which tracks auto loans, says 7 percent of new car loans had an interest rate of 1 percent or lower in the first quarter of this year. Edmunds recommends taking the cash to reduce your total loan amount for the base all-wheel-drive model...
Nearly one out of every four vehicles in the U.S. was built before the year 2000, according to new data from IHS Automotive.
BEIJING— General Motors Co.' s $5 billion initiative to create cars for China and other emerging markets comes just as automakers face a collapse in the booming Chinese demand they were counting on to power their growth. On Wednesday, Volkswagen AG said its second-quarter profit fell 16 percent due partly to weakness in China, where first-half sales fell 0.5...
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...
DEARBORN, Michigan— Ford Motor Co.' s net income jumped 44 percent to $1.9 billion in the second quarter as global sales rose and customers paid more for new trucks and SUVs with premium features. Ford pulled off a record quarterly profit of $2.6 billion in North America even though dealerships weren't fully stocked with its best-selling vehicle, the F-150...
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.
The average American hasn't changed auto insurance companies in 12 years, according to a new survey.
M City's 32-acre closed environment test site includes four miles of roads.
The recent Total Quality Index found Fiat Chrysler the industry's top-ranked car manufacturer, The Detroit Bureau reports.
Though technology for self-driving cars is quickly being developed, a new survey has found that most people have reservations.
Lindsey Bell, Senior Analyst at S&P Capital IQ, explains why she's expecting a monthly increase of 0.3 percent.
Local Motors plans to get into the auto industry next year when it launches what it promises will be the world's first 3-D printed car.