*Announcement due this week but deferred to February 2014- ABC. SYDNEY, Dec 6- General Motors Co has decided to pull out of vehicle production in Australia as early as 2016, local media reported on Friday, in what would be a major blow to the struggling industry.» Read More
Alan Mulally, Ford Motor Company president & CEO, showcases Fords new iconic Mustang and responds to the speculation he will become Microsoft's next CEO. Mulally also comments on minimum wage and how it impacts auto sales.
Alan Mulally, Ford Motor Company president & CEO, responds to speculation that he has been approached about taking the CEO position at Microsoft.
CNBC's Jim Cramer discusses Ford Motor's makeover, and the influence Alan Mulally has had on the automaker's stock.
And Ford is targeting the global market: The newest Mustang was unveiled in six cities around the world on Thursday.
PARIS/ HONG KONG, Dec 5- Renault has won approval from Beijing authorities to begin Chinese production in a $1.3 billion joint venture with Dongfeng Motor Group, the carmakers said on Thursday. The 50-50 partnership "will allow Renault to deploy its ambitious strategy in the world's largest automotive market", the French company said in a statement.
SAO PAULO, Dec 5- Automobile production in Brazil fell 10.7 percent and sales fell 8.3 percent in November from October, the national automakers' association said on Thursday. Automakers in Brazil produced some 289,600 new cars and trucks last month, while sales totaled about 302,900 vehicles, according to data released by industry group Anfavea.
Ford Motor Company will debut the sixth generation of its Mustang later today, reports CNBC's Phil LeBeau.
PARIS, Dec 5- Renault has received a green light from Beijing authorities to begin Chinese car production in a $1.3 billion joint venture with Dongfeng Motor Group, the carmakers said on Thursday.
FRANKFURT, Dec 5- General Motors Co will drop the Chevrolet brand in Europe by the end of 2015 and focus resources on pushing its Opel and Vauxhall brands, the latest effort by the U.S. carmaker to turn around its European operations.
SHANGHAI, Dec 5- China's state television accused foreign carmakers of charging domestic customers more for repair costs than in other markets, singling out Audi, Subaru and Jaguar Land Rover Ltd in the latest of a series of programmes targeting foreign firms.
DETROIT, Dec 5- Nearly 50 years after launching its affordable sports car, Ford Motor Co is unveiling a global redesign of the Mustang to try to burnish the U.S. automaker's image and spur sales of its more expensive models. The car will be shown in Dearborn, Michigan, Shanghai, Sydney, Barcelona, New York and Los Angeles.
An icon of the automobile industry, the Ford Mustang, is being launched globally, marking the next chapter in the car's fifty years of production.
Auto loan interest rates slid to their lowest level in at least six years, and Americans took out a record number of loans in the third quarter.
DETROIT, Dec 4- Mitsubishi Motors Corp has cut the price of its i-MiEV subcompact electric car in the United States by 20 percent for the 2014 model year, joining the parade of automakers who have lowered EV prices to boost demand.
The average loan on a new car climbed to $26,719 in the third quarter, up by $756 from a year earlier, and the most in at least five years, according to data collected by Experian Plc. The average interest rate fell to 4.27 percent from 4.53 percent a year earlier and the average loan term stretched one more month to five years and five months, according to Experian.
Mike Jackson, AutoNation chairman & CEO, discusses his company's blowout November sales numbers as consumers put automobiles on the top of their holiday wish list.
PARIS/ DETROIT, Dec 4- Five years after Jeffrey Hand took a $100,000 buyout to leave Ford Motors, the U.S. auto industry has surged back to profit and is once again hiring. Hand, who has spent the years living on his payout, has now applied to work at an auto parts supplier a few hours away from his old factory near Dearborn, Michigan.
PARIS, Dec 4- The rush to Paris's Charles-de-Gaulle airport for flights to China began on Friday, Oct. 11. "There's a big exodus to China right now," a bemused trade unionist at the Paris- based company told Reuters that weekend. It has survived two world wars and become an emblem of France.
TORONTO, Dec 3- Ford Motor Co's Canadian arm maintained its spot as the country's best selling brand, data released on Tuesday showed, as growing demand for trucks helped power a sixth consecutive monthly record for Canadian vehicle sales in November.
Because of a surge in business from Black Friday, the auto industry posted its best monthly sales since February 2007.