Last year, the U.S. trade deficit with Germany totaled $64.9 billion. The auto industry drives the much of the deficit with Germany.
DETROIT— In 2014, Infiniti leased more than 28,000 Q50 luxury sedans for as little as $329 per month in a growing U.S. market. The leases accounted for more than three-quarters of Q50 sales. Like many companies that juiced sales with sweet leases during the past few years, Nissan's luxury brand now faces a hefty supply of nice, low-mileage used cars at a time when...
CNBC's Eunice Yoon reports from GAC Group's Trumpchi SUV manufacturing plant in Guangzhou, China, on the company's ambitions stateside.
May 25- U.S. auto sales in May will edge up 0.5 percent from a year earlier, despite consumer discounts remaining at record levels, industry consultants J.D. Power and LMC Automotive said on Thursday. "While consumers will see substantial discounts this Memorial Day weekend, they are not expected to overcome the slowing demand in auto sales," said Deirdre Borrego,...
Malaysian carmaker Proton has finally landed a foreign partner in Chinese automaker Zhejiang Geely Holding.
Anna-Marie Baisden, head of autos research at BMI Research, speaks about the U.S. government's suing of Fiat Chrysler over violating emissions tests.
Insurance underwriters often look at credit scores to determine the likelihood that an individual will file a claim.
SANTA ANA, Calif.— The Latest on a jury awarding more than $256 million in a lawsuit against Nissan:. Nissan says it will appeal a jury's award of more than $256 million to a California auto dealer who claimed the company put him out of business during the recession. The Orange County panel ruled Monday in favor of Michael Kahn, who owned seven Nissan and other...
SANTA ANA, Calif.— A jury has awarded nearly $256.5 million to a California auto dealership owner who claimed Nissan had a secret plan to put him out of business during the recession. The Orange County Superior Court panel ruled Monday in favor of Michael Kahn, who owned seven Nissan, Toyota and Chevrolet dealerships in the Los Angeles and San Francisco Bay areas.
PRESIDENT OF MEXICO'S AUTO INDUSTRY ASSOCIATION SAYS 2017 WILL BE RECORD YEAR IN PRODUCTION, EXPORTS, SEES 1.65 MLN IN CAR SALES IN DOMESTIC MARKET.
This could happen as early as this week if no agreement is reached with the Italian-American automaker, two sources said.
GM TO HALT VEHICLE SALES IN INDIA, PRODUCE FOR EXPORT ONLY.
CNBC's Nancy Hungerford speaks about Volkswagen CEO Matthias Mueller and others at the top of the company being investigated for their disclosure of its emissions scandal.
It's the top priority for CEOs during their first meeting with the Treasury secretary.
A source familiar with the plan told CNBC Ford's cuts will involve primarily salaried workers in North America and Asia.
Germany, France and Italy had single-digit slides. Luxury carmaker BMW's sales were down 6 percent while Daimler slipped 2.7 percent. Mass-market competitors fell in the same range: PSA Group down 6.4 percent, Renault down 2.6 percent and Fiat Chrysler flat.
Though these are trying times for many of the American retailers, but some sectors are thriving.
BEIJING, May 11- Chinese auto sales fell in April by the steepest in almost two years, the automakers' association said on Thursday, as a tax increase on small-engine cars from the beginning of the year discouraged buyers. Vehicle sales in China, the world's largest auto market, fell 2.2 percent to 2.1 million in April, compared to a 4 percent rise in March, data from the...
BEIJING, May 11- China vehicle sales fell 2.2 percent year-on-year in April from a year earlier to 2.1 million vehicles, the China Association of Automobile Manufacturers said on Thursday. That compares with a 4 percent increase in March and 22.4 percent growth in February. In the first four months of 2017, sales grew 4.6 percent compared to the same period a year...
Ford is laying off 130 workers and cutting production of its medium-duty pickup trucks in Avon Lake, Ohio.