CNBC's Phil LeBeau and Carlos Ghosen, Renault Nissan CEO, provide a look at Nissan's new pickup truck. Also Ghosen says the forces are working towards more consolidation in the industry, and weighs in on increasing global capacity.» Read More
AutoNation CEO Mike Jackson hands over the keys to a 2015 Jeep Wrangler to AutoNation customer Daisy Gomez.
The American consumer is willing to spend money, says Mike Jackson, AutoNation CEO, discussing what's driving auto sales and sharing his thoughts on the U.S. economy.
Airbag-maker Takata and the National Highway Traffic Safety Administration testify before a House subcommittee about exploding inflators.
Apart from pent-up demand and low gas prices, targeted incentives made the difference for U.S. auto sales last month, says James Chao, director, Asia Pacific at IHS Automotive Consulting.
Karl Brauer, senior analyst with Kelley Blue Book, discusses news that Takata Corp will "rapidly" reduce production of a volatile chemical that has been linked to ruptured air bag inflators.
Lewis Alexander, U.S. chief economist at Nomura, says the rise in May auto sales indicates that benefits from lower oil prices are finally seeping through to U.S. consumers.
Scott Upham, founder, president & chief executive officer of Valient Market Research, explains why airbag manufacturer Takata's future is precarious. Upham has held senior marketing posts with Takata.
Amid the U.S. luxury auto market, the SUV segment is seeing tremendous growth, says Joe Lawrence, executive vice president and chief operating officer at Porsche Cars North America (PCNA).
TORONTO/ VANCOUVER, June 2- New car and truck sales in Canada hit a record high in May, with Chrysler leading the pack as the top-selling carmaker for the month and bolstered by strong demand for luxury vehicles, according to data released on Tuesday. Auto sales were up 1.1 percent, with 197,937 cars and light trucks sold in Canada, industry data showed.
Factory orders fall 0.4 percent in April. WASHINGTON, June 2- New orders for U.S. factory goods fell in April on weak demand for transportation equipment and other goods, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector. Households are gradually boosting their spending on manufactured goods, "said Gus...
WASHINGTON/ DETROIT, June 2- The top U.S. auto safety regulator said that replacement parts for potentially defective Takata Corp air bag inflators may not offer consumers a remedy that lasts the life of the car. Many cars equipped with older Takata air bag systems could have to be fixed more than once, said Mark Rosekind, head of the National Highway Traffic Safety...
Lauren Fix,The Car Coach, discusses the car buying environment and the current ease of credit.
CNBC's Phil LeBeau reports on the pace of auto sales in the month of May.
May auto sales are better-than-expected, with CNBC's Phil LeBeau, and "The Profit" host Marcus Lemonis.
*Factory orders fall 0.4 percent in April. WASHINGTON, June 2- New orders for U.S. factory goods fell in April as demand for transportation equipment and other goods weakened, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector. Households are gradually boosting their spending on manufactured goods, "...
DETROIT, June 2- Millions of owners of vehicles equipped with Takata air bags may have to get repairs done more than once because of shortages of replacement parts and uncertainty over whether repair parts already installed are defective, auto industry officials and safety regulators said on Tuesday. A House subcommittee has scheduled a hearing for 2 p.m. EDT...
The FMHR traders share their top auto stock play after sales in May surged.
The US auto industry remained on track for a record year as consumers bought cars and trucks in May at the fastest pace in almost a decade.
CNBC's Phil LeBeau reports on Toyota's May sales in the U.S.
DETROIT, June 2- The U.S. auto industry remained on track for the best sales year in a decade as consumers bought cars and trucks in May at the fastest pace in almost a decade. General Motors Co forecast industry U.S. sales to finish May at a seasonally adjusted annualized rate of 17.6 million vehicles, the strongest pace since January 2006. GM sales rose 3 percent in...