Eric Ibara, Senior Analyst at Kelley Blue Book, says August this year had one less selling day than less year, which could weigh on auto sales.» Read More
Six- or seven-year loans, in some cases to buyers who would have been turned down in the past. As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road. Vehicle discounts have risen 5.5 percent from a year ago.
PARIS, Sept 2- Aston Martin has hired senior Nissan executive Andy Palmer as chief executive, two sources familiar with the matter said, ending the British sports carmaker's nine-month search for a new leader. Palmer will be replaced by his Renault opposite number, Philippe Klein, the carmakers said.
SEOUL, Sept 2- South Korea has delayed a proposed tax on vehicle carbon emissions by over five years to the end of 2020, amid pressure from domestic and U.S. car makers who fear the levy would curb sales.
RALEIGH, N.C.— North Carolina business recruiters offered Toyota more than $100 million in incentives for the world's largest carmaker to move its North American headquarters to Charlotte rather than a Dallas suburb, but still lost out to a Texas offer half that size.
General Motors is preparing to launch the world's first mass-produced cars with eye- and head-tracking technology that can tell whether drivers are distracted.
LOS ANGELES— From the start, little has been typical about Tesla Motors' plan for a $5 billion factory to make batteries for a new generation of electric cars. This spring, Tesla CEO Elon Musk announced that Tesla would take the extremely unusual step of spending millions to prepare sites in two states— or perhaps even three— before the finalist was chosen.
More than 30,000 Americans are killed in highway crashes each year, but experts believe that death toll could sink to zero.
DETROIT, Aug 29- U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years in the rear-view mirror.
TOGLIATTI, Russia, Aug 29- AvtoVAZ, the Russian carmaker controlled by Renault-Nissan, may bring some parts production in-house as it struggles to get more competitive pricing and stamp out corruption in its local supply chain, senior executives said.
Italy's Fiat and Chrysler are merging to form Fiat Chrysler Automobiles. The combined company would move its tax headquarters to London and list its shares on the New York Stock Exchange. Fiat SpA will announce the final tally by Sept. 4.
WASHINGTON— U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Consumer spending edged down 0.1 percent last month after a 0.4 percent increase in June, the Commerce Department reported Friday.
MOSCOW, Aug 29- Russian auto maker Sollers on Friday reported a slump in first-half net profit as a sharp economic slowdown contributed to losses at its joint venture with Ford. Its joint ventures with Japanese car makers Mazda, Toyota, and Isuzu, were profitable in the first half, the company's presentation showed.
BEIJING— Tesla Motors Co. and a state-owned Chinese phone carrier announced plans Friday to build 400 charging stations for electric cars in a new bid to promote popular adoption of the technology in China. Promoters of electric cars see China as a promising market due to Beijing's support for the technology and eagerness to reduce smog.
PARIS, Aug 29- Russia's top carmaker Avtovaz plans to reduce staff numbers to 30,000 by 2020 from 55,000 to boost competitivity, finance head Evgeny Belinin told France's Les Echos daily business newspaper at the Moscow motor show.
BMW's Mini celebrates its 55th anniversary this month.
More than 19,000 midsize Suzuki Kizashi cars are affected by the recall, forced by spider infestations.
TOKYO, Aug 28- Honda Motor Co is recalling about 63,200 vehicles due to a defect in driver-side air bags made by Takata Corp, the latest in a series of air bag recalls across the industry that have affected nearly 16 million vehicles to date.
TOKYO, Aug 28- Honda Motor Co is recalling about 63,200 vehicles globally due to a defect in driver-side air bags made by Takata Corp, the Japanese automaker said on Thursday. Honda is recalling certain CR-V, Civic, Brio and Amaze, models from 2012-2015, mostly in China and other Asian countries.
DETROIT, Aug 27- General Motors Co and the United Auto Workers on Wednesday trumpeted the news that production of the Cadillac SRX would be shifted from Mexico to Tennessee, but Reuters has learned that GM also plans to move some other assembly work in the opposite direction.
Falling solar system and battery prices combined with electric vehicles' rise may soon send internal combustion engines to the junk yard, analysts say.