PARIS, Dec 5- Renault has received a green light from Beijing authorities to begin Chinese car production in a $1.3 billion joint venture with Dongfeng Motor Group, the carmakers said on Thursday.» Read More
Ford, GM and Toyota reported slumping US auto sales in August compared with the same time last year, showing the auto industry has a way to go before it's in a true recovery.
For years, Americans shopping for cars were treated to all sorts of deals and incentives, especially at the end of summer. Think Cash for Clunkers, which paid up to $4,500, or promotions that offered employee discounts to everyone.
A Delaware bankruptcy judge has told auto parts supplier Visteon that it must restore health and life insurance benefits for thousands of retirees.
American taxpayers who spent $50 billion bailing out General Motors may see some returns, if the Obama administration allows it.
Sales of pickup trucks were up 60 percent in July from a year ago at AutoNation, the nation's largest auto dealer, in a clear indicator the economy is recovering, Chairman and CEO Mike Jackson said on CNBC Wednesday morning.
Two years after gasoline prices hit a record high of more than $4 a gallon, light trucks, SUVs and crossovers are popular again. "The further we get past the gas crisis, the less people remember it,” says one industry analyst.
Northrop Grumman says it will close down a Louisiana shipyard and may shed its entire division that makes warships for the Navy.
Most General Motors' U.S. plants will forego traditional summer shutdowns to help meet buyer demand for popular models, the automaker said Thursday.
General Motors said Tuesday it was recalling about 1.5 million vehicles worldwide to address a problem with a heated windshield wiper fluid system that could cause a fire.
It's no secret that the major auto companies knocked it out of the park with their May sales. But dig a little deeper into the numbers, and you can find some even better signs of strength for certain areas of the economy.
CNBC has learned Ford executives are working on a plan to phase out the Mercury brand. There is no time line for how quickly the brand will be eliminated, but the Ford Board of Directors could make a decision by July. A Ford spokesperson says Ford has made no plans to change the Mercury line but the company is always evaluating its brands.
Quick. What’s more fun to invest in than bullions of gold or a fistful of stocks? Classic cars, of course.
Ford CEO Alan Mulally said Thursday that the automaker should be "solidly" profitable in 2010 as it recovers from a sharp downturn in the auto industry.
GMAC Financial Services Monday posted its first quarterly profit in more than a year and announced plans to rename itself Ally Financial, as the consumer lender aims to put a failed foray into the mortgage business behind it.
Machinists at Boeing's St. Louis defense systems plant have authorized a strike if a contract is not accepted before the current agreement expires next month.
Toyota says it is recalling about 50,000 Sequoia sport utility vehicles from the 2003 model year to fix an unexpected slowing of the vehicle.
Bailed-out automaker General Motors will repay the roughly $6 billion it owes to the US and Canadian governments before its previously announced deadline of June 1, CNBC has learned.
Toyota says it will temporarily stop selling the Lexus GX460 after Consumer Reports said the SUV carried an unusually high risk of a rollover accident during certain types of turns.
Ford Motor's revenues rose in the first quarter thanks to strong U.S. demand for cars and trucks, Ford's Americas President Mark Fields said Tuesday.
Consumer Reports has given the Lexus GX460 a rare "Don't Buy" warning, saying a problem that occurred during routine handling tests could lead the SUV to roll over in real-world driving.
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.
The resurgence of GM shares comes as the Federal government is about to finish selling its stake.