The city of the broad shoulders is facing its own financial problems, but comparisons to Detroit are far off the mark.» Read More
DETROIT-- Americans found plenty of reasons to buy new cars in September, making auto sales a bright spot in the economy for yet another month. Sales rose for most carmakers, led by big gains at Toyota, Honda and Volkswagen. Gas prices have jumped 14 percent since July 1, and hit $3.79 per gallon at the end of September, a record for that time of year.
WASHINGTON-- The U.S. economy is looking more resilient, thanks in part to encouraging signs for the two most expensive purchases most Americans make: cars and homes. Cheap loans and a bounty of fuel-efficient models enticed people to buy new vehicles at a brisk pace last month.
The search for Jimmy Hoffa is not over, reports CNBC's Maria Bartiromo. The soil samples removed from beneath a driveway in Detroit have been tested and there are no signs of human remains, she says.
*Toyota, Honda see large sales gains. DETROIT, Oct 2- U.S. auto sales for September looked set to jump about 13 percent from a year ago, beating analyst estimates because of cheap financing, stronger consumer sentiment and rebounding sales from foreign automakers including Toyota Motor Corp.
DETROIT-- General Motors Co. said Tuesday that its September U.S. sales rose 1.5 percent as a big jump in car sales was offset by falling truck sales. BY THE NUMBERS: Detroit- based GM sold a total of 210,245 vehicles last month, up from 207,145 in the same month last year.
Sales rose for most automakers, led by gains of more than 30 percent for Toyota and Volkswagen. Toyota sales rose 42 percent from a year earlier, while Volkswagen jumped 34 percent from September 2011. Nissan, which has been hurt as Toyota and Honda recover from last year's earthquake in Japan, saw sales fall 1.1 percent.
DETROIT, Oct 2- Ford Motor Co said Tuesday it expects U.S. September auto sales to show a gain of 12 percent from a year ago. Ford said it expects an annualized seasonally adjusted sales rate of 15 million vehicles, including medium and heavy trucks, which would suggest a light vehicle annualized rate of about 14.7 million vehicles.
DETROIT, Oct 2- Volkswagen AG:.
DETROIT-- General Motors says its U.S. sales rose 1.5 percent last month as a big jump in car sales was offset by falling truck sales. The company says new models boosted car sales by 29 percent. But sales of the Chevrolet Silverado, GM's top-selling vehicle, fell almost 17 percent from a year ago.
By Deepa Seetharaman and Bernie Woodall. Oct 2- General Motors Co, the largest U.S. automaker, reported a 1.5 percent increase in September auto sales on the strength of its passenger car sales, while Ford Motor Co posted sales that were on par with its results from a year earlier.
DETROIT, Oct 2- Toyota Motor Corp:.
DETROIT-- Ford Motor Co. says its U.S. sales were flat in September as increases in sales of cars and SUVs were weighed down by lower truck sales. Ford's truck sales fell 7.6 percent, largely because of the discontinuation of the Ranger small pickup. The Ranger was a strong seller last September.
DETROIT, Oct 2- Volkswagen AG:.
Oct 2- Chrysler Group LLC, the smallest U.S. automaker, o n Tuesday said 142,041 vehicles were sold in September, up 12 percent from 127,336 a year ago, and the most sold in September since 2007.. All of the company's brands-- Chrysler, Jeep, Dodge, Ram Truck and Fiat-- posted sales increases in September, said Chrysler, an affiliate of Italy's Fiat SpA.
Oct 2- Chrysler Group LLC said Tuesday that September sales were 142,041 vehicles, up 12 percent from 127,336 a year earlier, and the highest for the month since 2007.. All of the company's brands-- Chrysler, Jeep, Dodge, Ram Truck and Fiat-- posted sales increases in September, said Chrysler, an affiliate of Italy's Fiat SpA.
DETROIT-- Chrysler's U.S. sales rose almost 12 percent last month as the company reported its best September in five years. Volkswagen also reported a large sales increase, up 34 percent from a year earlier. "We remain optimistic about the health of the U.S. new vehicle sales industry and our position in it," said Reid Bigland, Chrysler's head of U.S. sales.
DETROIT, Oct 2- Nissan Motor Co said its September U.S. auto sales fell 1.1 percent to 91,907 vehicles.
DETROIT, Oct 2- General Motors Co said U.S. auto sales for September are estimated to be 14.6 million vehicles on a seasonally adjusted annualized basis. That figure would be slightly higher than the 14.5 million vehicles on an annualized basis in August. Honda Motor Co was the largest automaker by U.S. sales that had not yet reported monthly numbers.
By Deepa Seetharaman and Bernie Woodall. DETROIT, Oct 2- General Motors Co, the largest U.S. automaker, posted a small gain in September U.S. sales as demand for passenger cars offset a drop in pickup trucks, while Japanese automaker Toyota Motor Corp reported a large sales increase.
DETROIT-- Interest rates are low, trade-in values are high, and carmakers are rolling out attractive new models in key areas. All of these factors combined to keep auto sales strong in September.