*ITV, Standard Chartered shares advance. LONDON, March 4- European shares rallied in late trading on Wednesday and closed just below multi-year highs, with export-oriented stocks getting a boost following a sharp decline in the euro to an 11-1/ 2- year low against the dollar after U.S. services data. Generally a good economic number out of the U.S. is good for the...» Read More
Mike Jackson, AutoNation chairman & CEO, has the update on what's driving February sales and shares his thoughts on whether the industry is increasing subprime loans.
GENEVA— Forget driverless cars, electric power or even green technology. There is no doubt what visitors are coming to see at the glamorous Geneva motor show: supercars. "There are an awful lot of fast cars and supercars on display this year," said Jim Holder, editor-in-chief of Autocar magazine.
Consumers are increasingly taking out longer term loans in order to keep their monthly payment as low as possible, reports CNBC's Phil LeBeau.
*Audi launches revamped R8 e-tron at Geneva show. *Audi still treading carefully in electric cars- analysts. At the Geneva auto show, Audi unveiled an emission-free version of its 165,000- euro R8 that can drive 450 kilometres before needing to recharge, which takes less than two hours.
Amadeo Felisa, CEO of Ferrari, discusses its latest model, the 488 GTB, at the Geneva Motor Show.
*Europe chief Didier Leroy to be first foreign EVP. *Japan aims to have women in 30 pct of top jobs by 2020. The world's biggest automaker appointed Europe chief Didier Leroy to become one of six executive vice presidents effective after the company's annual shareholders' meeting in June.
The key in Europe has turned out to be putting the vehicles on platforms originally built for compact or small mid-sized cars. Compact SUVs have gained in popularity globally, but they're really getting attention now in Europe. The recently lower price of gasoline will not hurt, although gas remains painfully expensive in Europe compared with the United...
TOKYO, March 4- Uber Technologies Inc is reviewing its ride sharing service in the southern Japanese city of Fukuoka after the transport ministry said it had banned the pilot project, citing potential legal concerns. Uber's month-old Fukuoka service pays drivers who use cars registered for personal use to ferry around passengers, a business model that...
TOKYO, March 4- Toyota Motor Corp said on Wednesday it will promote two foreigners to senior posts- one marking the first woman to hold an executive title- in a drive towards diversifying its management, long dominated by Japanese men. The world's biggest automaker appointed its European chief, Didier Leroy, to become one of six executive vice presidents after its...
John Humphrey, senior VP of Global Automotive Operations at J.D. Power, attributes the poor February auto sales to weather-related factors and says fundamentals of the industry remain strong.
Brian Sponheimer, auto & capital equipment analyst at Gabelli & Company, explains why he's not worried about slower-than-expected U.S. auto sales in February.
March 3- Apple Inc is discussing a settlement in a lawsuit brought by electric car battery maker A123 Systems, which accused the iPhone maker of poaching top engineers to build a large-scale battery division. Around June 2014 Apple began aggressively poaching A123 engineers tasked with leading some of the company's most critical projects, A123's lawsuit...
Thomas Doll, president and COO of Subaru of America, outlines how the automaker plans to sustain the positive momentum in its sales results, which saw a rise of 18.5 percent on-year in February.
CHARLESTON, S.C., March 3- Daimler AG is set to announce it will build Mercedes-Benz Sprinter vans at its plant in South Carolina and add 1,200 jobs there as a result, a state politician said on Tuesday. South Carolina State Representative Chip Limehouse, a Republican from Charleston, said officials in North Charleston, South Carolina, told him the German automaker...
The "Fast Money" traders discuss their top auto stock picks.
WASHINGTON, March 3- U.S. automakers have written to Federal Reserve Chair Janet Yellen to say the U.S. central bank need not worry about the impact of adding currency rules to trade deals. Yellen warned Congress last week against a bid to crack down on currency cheats and said adding currency rules to trade deals could hobble monetary policy.
These were the top selling vehicles, the number sold and the percent change from February 2014.
CNBC's Robert Frank discusses the top luxury cars unveiled at the Geneva Motor Show and how the market will respond to these cars.
CNBC's Phil LeBeau reports the final numbers in auto sales for the month of February. The February auto sales rate comes in at $16.23M.
DETROIT— General Motors Co. and Honda Motor Co. topped the U.S. government's list of automakers with the most recalled vehicles last year. Widening problems with air bag inflators made by Japan's Takata Corp. pushed Honda into second place with 18 recalls totaling just over 9 million vehicles. More than half of Honda's recalled vehicles— 5.4 million— were due to...