Shares of General Motors rose to their highest level since re-entering public markets more than two years ago, as investors continue to await a sale of the rest of the GM stake owned by the U.S. government. THE ANALYSIS: Morgan Stanley analyst Adam Jonas said the company must be cautious about returning too much cash to shareholders in the form of buybacks.» Read More
Pickup trucks continued to drive a resurgence in auto sales in November as the Big Three Detroit automakers all exceeded analysts' expectations.
DETROIT, Dec 3- Pickup trucks continued to drive a resurgence in U.S. vehicle sales in November as the Big Three Detroit automakers all exceeded analysts' expectations.
CNBC's Phil LeBeau reports Ford beat sales estimates while production slightly dipped by 2 percent compared to the first quarter last year.
The electric car maker said late Monday that it was notified by German regulators that they were closing their investigation into the post-crash fires in Washington, Tennessee and Mexico and would take no further action. Shares of Tesla Motors Inc. rose $7.83, or 6.3 percent, to $132 in premarket trading about an hour before the market opening.
CNBC's Robert Frank reports only 499 models of LaFerrari were made and all models have been sold. Marco Mattiacci, Ferrari North American president and CEO, provides insight on the success of this car already.
Chrysler, an affiliate of Italy's Fiat SpA, said Tuesday that November sales were 142,275, partly on the strength of its new 2014 Jeep Cherokee. Analysts polled by Thomson Reuters had expected 135,189. Chrysler said it was the best November since 2007, before the auto industry plunged into a deep recession.
SHANGHAI/ BEIJING, Dec 3- China's auto lobby has fiercely opposed a possible move by Beijing to ease restrictions on foreign ownership in the car industry, saying that the move would seriously weaken the position of indigenous carmakers.
SEOUL, Dec 3- Hyundai Motor Co could be one of the biggest losers from surging sales of Japanese cars in China as the South Korean automaker's problems spread from the United States to the world's largest auto market.
DETROIT, Dec 2- The United Auto Workers union is considering hiking membership dues by 25 percent, the first increase since 1967, as it faces dwindling membership and rising costs, a top UAW official and several union sources said.
DETROIT, Dec 2- Electric-car maker Tesla Motors Inc said Monday that Germany's vehicle regulatory agency will pursue "no further measures" after concluding a review of recent Tesla Model S fires in the United States and Mexico. Germany's Kraftfahrt-Bundesamt, or Federal Motor Transport Authority, was not immediately available for comment.
Credit advanced electronics for making the latest safety technology not only possible but increasingly affordable.
The surge of GM shares comes as the Federal government is about to finish selling its GM stake, and is a day executives have been waiting for.
*Peugeot, Renault officials attending Iran conference. *Foreign firms hope to revive Iran production. PARIS/ DUBAI, Nov 28- Peugeot and Renault are among Western firms sending executives to an automotive conference that opens in Iran on Saturday- firing the starting gun on a more overt race for post-sanctions business.
Nov 29- The new owners of Swedish car maker Saab, National Electric Vehicle Sweden AB, will restart production of the 9-3 sedan on Monday at the Trollhattan factory in Sweden, a NEVS spokesman said on Friday.
BRUSSELS, Nov 29- EU diplomats on Friday unanimously backed the world's toughest carbon dioxide emissions standards for new cars, which German carmakers said would be an enormous challenge.
CHATTANOOGA, Tenn.-- German automaker has begun construction at its Chattanooga, Tenn. plant for an extension of its assembly parts shop warehouse. Volkswagen says the expansion is entirely aimed at production of the Passat sedan, which the plant produces for markets in the United States, Canada, Mexico, South Korea and Middle Eastern countries.
Kelley Blue Book is estimating that auto sales will be 3.6 percent higher than the day after Thanksgiving last year.
NEW DELHI/ SHIRDHON, India, Nov 28- Pandurang Ghorpade has the weather to thank as he hands out celebratory sweets to neighbours eager for a ride on his prized new possession, a gleaming red tractor bought in anticipation of a bumper harvest.
NBC's Ron Mott reports on the FlightCar parking operation that allows travelers to park for free, but your car may be rented out while you're gone.
CNBC's Phil LeBeau, Robert Frank and Tyler Mathisen weigh in auto sales as Black Friday approaches. LeBeau says it's a fantastic time for dealerships because people are off for the long holiday weekend.
And Ford is targeting the global market: The newest Mustang was unveiled in six cities around the world on Thursday.
Auto loan interest rates hit their lowest level in at least six years, and Americans took out a record number of loans.
Because of a surge in business from Black Friday, the auto industry posted its best monthly sales since February 2007.