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Automobiles and Components


  • DETROIT, July 1- Strong demand for sport utility vehicles and trucks in June helped General Motors Co and Ford Motor Co offset slowing demand for sedans by allowing them to raise prices on their trucks. GM and Ford said on Wednesday increases in the average transaction prices for their vehicles, particularly trucks and SUVs, outpaced sales volume growth that...

  • Toyota June US sales better than expected

    June is the third month in the last four with a sales pace over 17 million vehicles and make the first half of this year the strongest for auto sales since 2002, CNBC's Phil LeBeau reports.

  • June auto sales remained strong in June as sport utility vehicles and trucks again outpaced cars amid moderately low gasoline prices, automakers reported on Wednesday. While Ford Motor Co's sales rose only 2 percent, it showed the largest increase in the market in the average price of its vehicles, industry consultant Kelley Blue Book said.

  • GM sales drop 3% in June

    CNBC's Phil LeBeau has the latest numbers on General Motors auto sales.

  • Ford June US auto sales up 1.6%

    CNBC's Phil LeBeau has the latest numbers on Ford auto sales.

  • Sales of the larger Ford Explorer rose 30 percent; Nissan's Rogue small SUV posted a 54 percent jump; and sales of the Jeep Cherokee gained 39 percent. Most automakers reported gains for June, led by Nissan with an increase of 13 percent. General Motors' sales fell, largely because the company cut back on sales to rental-car companies.

  • PARIS, July 1- Fiat Chrysler will invest $280 million to begin Jeep production in India through an expanded joint venture with Tata Motors, the carmaker said on Wednesday. Fiat Chrysler Chief Executive Sergio Marchionne is pursuing ambitious sales growth goals for Jeep and other group brands under a turnaround plan outlined last year. Jeep sales topped 1...

  • DETROIT, July 1- Fiat Chrysler Automobiles U.S. June auto sales rose 8 percent from a year ago, boosted by the continued strength of its Jeep SUV brand. U.S. auto sales, often an early snapshot into consumer spending each month, are expected to rise about 5 percent for the industry.

  • Fiat Chrysler June US sales up 8.2%

    CNBC's Phil LeBeau has the latest numbers on Fiat Chrysler auto sales.

  • TOKYO— Julie Hamp, the most senior female executive at Toyota who was arrested in Japan last month on suspicion of drug law violations, has resigned from the company, the automaker said Wednesday. Hamp, a 55- year-old American who was Toyota's newly appointed head of public relations, was arrested on June 18 on suspicion of importing oxycodone, a narcotic pain...

  • TOKYO— Toyota, Nissan and Honda are working together to get more fuel cell vehicles on roads in what they call Japan's big push toward "a hydrogen society." Officials appeared together in a news conference in Tokyo Wednesday. Japan is trying to get ahead of the rest of the world in a push for a hydrogen society, which requires energy companies, automakers and the...

  • Expect strong US auto sales in July

    CNBC's Phil LeBeau reports the latest data regarding auto sales in the summer months.

  • Pep Boys, unlike AutoZone Inc and Advance Auto Parts Inc, has not benefited from healthy U.S. auto demand mainly due to higher costs and falling sales in its do-it-yourself business. "Pep Boys have been around for a long time but they weren't generating business the way AutoZone was," S&P Capital IQ analyst Efraim Levy said. "AutoZone came more to the forefront of many...

  • June 30- Pep Boys- Manny, Moe& Jack, an auto parts retailer, said it was considering putting itself up for sale, as it embarks on a strategic review barely two weeks after it named a new chief executive. Private equity firm Golden Gate Capital and other suitors had expressed interest in buying Pep Boys, the Wall Street Journal reported in May, citing people familiar with...

  • Pep Boys may be on the lot Tuesday, 30 Jun 2015 | 9:21 AM ET

    PHILADELPHIA— The auto parts seller Pep Boys may be putting itself up for sale. Pep Boys- Manny, Moe& Jack said that its board is reviewing strategic options to boost shareholder value. The Philadelphia company, has more than 800 locations in 35 states and Puerto Rico.

  • Auto parts retailer Pep Boys says may sell itself Tuesday, 30 Jun 2015 | 8:50 AM ET

    June 30- Pep Boys- Manny, Moe& Jack, an auto parts retailer, said it was considering putting itself up for sale, as it embarks on a strategic review.

  • DETROIT— Newer cars aren't supposed to need more oil between oil changes, but Consumer Reports found that some engines— mainly from Audi, BMW and Subaru— require an extra quart as often as once a month. In an annual survey of car owners, significant numbers reported what the magazine considered to be excessive oil consumption. "The companies should be willing to step...

  • *Osamu Suzuki to remain CEO, chairman. TOKYO, June 30- Suzuki Motor Corp's 85- year-old CEO Osamu Suzuki named his eldest son as the new president of Japan's fourth-biggest automaker, easing investor concerns over the firm's succession plan and boosting the company's shares by more than 5 percent. Suzuki Motor on Tuesday also laid out financial targets under a...

  • *Osamu Suzuki to remain CEO, chairman- Nikkei. TOKYO, June 30- Suzuki Motor Corp has decided to name Executive Vice President Toshihiro Suzuki as the new president effective July 1, taking over the post from his father, Osamu Suzuki, who will remain CEO and chairman, the Nikkei business daily reported. Suzuki, Japan's fourth-biggest automaker, said the two executives...

  • Riding high: Auto sales set for big second half Tuesday, 30 Jun 2015 | 1:29 AM ET
    A customer ooks at a Ford vehicle on the showroom floor at a Ford AutoNation car dealership in North Miami, Florida.

    After much better than expected sales in the first half of 2015, US automakers are poised to enjoy a very strong second half of the year.