News that Pep Boys has caught the eye of private equity is the latest evidence of this investing trend, says investment banker Vincent Carey.» Read More
If January is any indication, 2013 could be another big year for auto sales in the U.S.
China's largest auto parts maker won U.S. government approval to buy A123 Systems Inc, a bankrupt maker of electric car batteries that was funded with U.S. government money, a source familiar with the situation said on Tuesday.
After four years of belt-tightening, American companies are good at squeezing more profit out of every dollar of sales - a skill that chief executives regard as critical in the face of an uncertain economy.
Toyota's AASRV Lexus demonstrates a variety of vehicle safety technologies in development, from seeing a potential problem 500 feet away to knowing the difference between a red and green light.
Toyota Motor has been ordered to pay a record fine of $17.35 million for failing to report a safety defect to the U.S. government in a timely manner, the U.S. Department of Transportation said.
Italian carmaker Fiat. is investing 1.2 billion euros in luxury brand Maserati, hoping technology and dealerships from its tie-up with Chrysler will help it to take on German rivals BMW and Porsche.
China's largest maker of auto parts won a politically sensitive auction for A123 Systems, a bankrupt maker of batteries for electric cars that was funded partly with U.S. government money, the investment banker for A123 said on Saturday.
Shares of both Toyota Motor and Nissan Motor fell nearly 2 percent in Tokyo trading on Wednesday on news the automakers will halt production at plants in China in the wake of the worst anti-Japan protests in decades.
With lower shipping costs and competitive wages, Mexico is booming, attracting foreign investment from firms that supply North America — a concept known as nearshoring.
Ford Motor is to launch its Lincoln brand in China in an effort to tap into the country’s growing sales of premium cars, as part of a broader push to rejuvenate the straggling upscale marque. The FT reports.
While GM has improved its products since it hobbled out of bankruptcy in 2009, the automaker had yet to deliver a signature new model that proves it belongs among the industry’s elite. This might be about to change, the New York Times reports.
Global automakers struggling with falling sales in China and Europe are now looking at the United States, which with its high level of pent up demand, could be the next growth market they are looking for, say analysts.
China is shipping just a few thousand cars a year to the EU and virtually none to the U.S. But China’s exports to emerging markets are surging as its own auto market slows and its automakers keep pouring billions into new factories. The New York Times reports.
The unexpected move by Guangzhou, China’s third largest city, to restrict car purchases by putting a cap on vehicle registrations, led to a selloff in auto stocks on Tuesday and analysts say the move is negative for the country’s auto sector, as it sets a precedent for other cities to implement similar measures.
Is the sharp drop in auto parts stock an indicator of a downturn for the auto industry? CNBC's Phil LeBeau reports the details.
Find out why the “Mad Money” host thinks the auto parts retailer’s stock should be avoided.
The “Mad Money” host details his “Game Plan.”
This week the world's top auto executives have been gathering in China for the Beijing auto show. We’ve put together photos of new models and concept cars introduced at the event.
Japan is on an unsustainable path of a strong yen and deflation. The unprofitability of Japan's major exporters and emerging trade deficits suggest that the end of this path is in sight, says Andy Xie.
Further increase in gasoline prices may force Americans to cut spending, and in turn may hurt consumer-related stocks, says a new report from Barclays Capital.