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Automobiles and Components

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  • TORONTO, May 1- General Motors Co jumped to the top of the Canadian sales rankings for April as it sold 15 percent more cars and trucks than a year earlier, the company said on Friday, winning a crown usually held by its rivals. In recent years, Ford Motor Co or Fiat Chrysler Automobiles' have typically led the Canadian market. The news came as automakers reported strong...

  • April's auto sales a little shy   Friday, 1 May 2015 | 3:02 PM ET
    April's auto sales a little shy

    CNBC's Phil LeBeau reports auto sales in April were 16.45 million, according to Autodata.

  • Group 1 Automotive: Escaped low oil impact   Friday, 1 May 2015 | 2:47 PM ET
    Group 1 Automotive: Escaped low oil impact

    Earl Hesterberg, Group 1 Automotive CEO, discusses positive trends in the car market, the impact of lower oil prices and the demand for more space in the car.

  • What car buyers want   Friday, 1 May 2015 | 2:45 PM ET
    What car buyers want

    Consumers want more space in their cars, reports CNBC's Phil LeBeau.

  • TORONTO, May 1- Fiat Chrysler Automobiles' Canadian sales rose 1 percent to 27,473 cars and trucks in April, boosted by Jeep sales as well as the Chrysler 200 sedan, the company said on Friday. Toyota Canada sold 20,642 vehicles in April, a 0.1 percent decline from a year earlier, even as sales of its Lexus brand jumped 32 percent to 2,147 cars and trucks.

  • WASHINGTON, May 1- U.S. factory activity failed to gain steam in April after slowing for five straight months, but stronger-than-expected vehicle sales suggested the economy was finding some momentum after almost stalling in the first quarter. "The reacceleration in growth will not come fast enough for many, especially those looking for a liftoff by the Fed to...

  • DETROIT, May 1- General Motors Co and Ford Motor Co both reported stronger-than-expected U.S. auto sales in April on Friday as robust demand for trucks, and crossover and sports utility vehicles kept the industry on track for its best year in almost a decade. Nissan Motor Co and Toyota Motor Corp increased 5.7 percent and 1.8 percent, respectively.

  • WASHINGTON, May 1- The U.S. manufacturing expansion held steady at near a two-year low in April, but a jump in consumer sentiment and stronger-than-expected vehicle sales suggested the economy was pulling out of a first-quarter soft patch. The Institute for Supply Management said its index of national factory activity was at 51.5 in April, matching the March...

  • Toyota April US sales up 1.8%   Friday, 1 May 2015 | 10:48 AM ET
    Toyota April US sales up 1.8%

    CNBC's Phil LeBeau reports the latest sales numbers for Toyota.

  • DETROIT, May 1- General Motors Co and Ford Motor Co both reported stronger-than-expected U.S. auto sales in April on Friday as robust demand for trucks, and crossover and sports utility vehicles kept the industry on track for its best year in almost a decade. Sales at Fiat Chrysler Automobiles and Nissan Motor Co increased 5.8 percent and 5.7 percent,...

  • Ford sales up 5 percent in April Friday, 1 May 2015 | 9:41 AM ET

    DETROIT— Ford says its U.S. sales rose 5 percent last month for its best April in nine years. The Dearborn, Michigan, automaker sold more than 222,000 cars and trucks last month, led by small and midsize SUVs. The revamped Ford Edge midsize SUV posted its best April sales ever at just over 13,000. That was a 78 percent increase over a year ago.

  • May 1- Ford Motor Co said it was expanding a recall to include 156,000 more vehicles to fix a potential door latch malfunction. The recalls include certain Ford Fiesta, Fusion and Lincoln MKZ models. The company recalled about 390,000 of the three vehicle models in North America last week to fix the same issue.

  • General Motors April US sales rise 5.9 percent Friday, 1 May 2015 | 9:31 AM ET

    DETROIT— General Motors says its U.S. sales last month rose 5.9 percent as Americans snapped up small and midsize SUVs. The Detroit company says it sold just over 269,000 cars and trucks last month, matching expectations of industry analysts. The automaker was led by Chevrolet Equinox midsize SUV.

  • April GM sales numbers up more than expected   Friday, 1 May 2015 | 9:30 AM ET
    April GM sales numbers up more than expected

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

  • Ford release April sales numbers   Friday, 1 May 2015 | 9:22 AM ET
    Ford release April sales numbers

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

  • DETROIT, May 1- Fiat Chrysler Automobiles said on Friday it expects April U.S. auto industry sales to rise 6 percent from a year ago. Fiat Chrysler's U.S. sales rose 6 percent to 189,027 vehicles in April, missing expectations of nine analysts polled by Reuters. Economists polled by Thomson Reuters expected the annual sales rate in April to finish at 16.9 million...

  • DETROIT, May 1- Fiat Chrysler Automobiles said on Friday it expects April U.S. auto industry sales to rise 6 percent from a year ago. Fiat Chrysler reported U.S. sales of 189,027 vehicles in April, missing expectations nine analysts polled by Reuters. The automaker's forecast of a 6 percent rise for April U.S. auto sales matches that of a poll of 35 industry analysts...

  • Small, midsize SUVs drive April US auto sales gains Friday, 1 May 2015 | 8:29 AM ET

    A big drop in gas prices, to an average of $2.60 a gallon from $3.69 a year ago, also works in favor of SUVs. The Equinox posted a 42 percent sales increase to almost 29,000 in April, while Cruze sales fell nearly 4 percent to just under 21,000. Both vehicles are made by General Motors. Honda's CR-V, the top-selling SUV, posted a 3 percent gain to more than 29,000,...

  • *France wants Renault to stay in control of alliance. PARIS, April 30- The French government's move to tighten its hold on Renault, crowned by a rare public defeat for CEO Carlos Ghosn on Thursday, has exposed competing visions for the carmaker and its alliance with Nissan. Ghosn must now decide whether to fight or negotiate for closer Renault-Nissan integration,...

  • Tesla hunts for new revenue in home storage batteries Thursday, 30 Apr 2015 | 2:48 PM ET

    LOS ANGELES, April 30- Tesla Motors Inc shares slipped Thursday after a month-long surge ahead of Chief Executive Elon Musk's expected announcement that the money-losing electric luxury car maker will seek new revenues from batteries for storing electricity at homes and businesses. Musk and other Tesla officials have dropped a series of broad hints over...