TORONTO, July 2- A healthy appetite for trucks and luxury cars pushed auto sales in Canada to a record high for June, with Fiat Chrysler Automobiles the top seller, according to data released on Thursday. "Ongoing gains being enjoyed by the luxury manufacturers in the Canadian market turned into a veritable feast in June," DesRosiers Automotive Consultants wrote...» Read More
Insight to the most profitable auto stocks, with Michael Ward, Sterne Agee.
CNBC's Phil LeBeau reports Mercedes-Benz June sales are up 5.8 percent compared to last June sales.
CNBC's Phil LeBeau reports Fiat-Chrysler had a big June outselling Ford on a retail basis for the first time ever.
DETROIT, July 1- Toyota Motor Corp expects the U.S. auto industry to sell more cars this year than in any year since at least 2005, Toyota U.S. sales executive Bill Fay said on Wednesday. In 2005, sales were 16.94 million vehicles. June sales of Toyota's trucks and SUVs rose, and its car sales fell, in line with Detroit automakers also reporting sales on Wednesday.
*Company to invest in producing Jeep in India. *India to be No. 3 car market by 2020- IHS Automotive. NEW DELHI, July 1- Fiat Chrysler will invest $280 million to begin Jeep production in India from 2017 through an expanded joint venture with Tata Motors, the carmaker said on Wednesday.
DAYTONA BEACH, Fla.— Chevrolet is the latest sponsor of Daytona International Speedway's redevelopment project. The American automaker announced a multi-year deal Wednesday to become one of five major sponsors of Daytona Rising, the $400 million facelift taking place at NASCAR's most famous track. "Chevrolet has been an integral part of the ISC family for...
ST.PETERSBURG, Russia— General Motors has halted production at its single assembly plant in Russia as sales have plummeted amid an economic downturn. Sergei Lepnukhov, GM's spokesman in Russia, said Wednesday the plant in St. Petersburg stopped work "in the framework of the company restructuring its business model in Russia." The plant, GM's only fully owned...
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...
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.
CNBC's Phil LeBeau has the latest numbers on General Motors auto sales.
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.
CNBC's Phil LeBeau has the latest numbers on Fiat Chrysler auto sales.
TOKYO— Julie Hamp, Toyota's most senior female executive, has resigned following her arrest in Japan on suspicion of drug law violations, the automaker said Wednesday. Hamp tendered her resignation through her attorneys on Tuesday, and Toyota Motor Corp. accepted it because of "the concerns and inconvenience that recent events have caused our stakeholders,"...
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." Only 23 have opened in Japan so far, with hundreds more being planned. Officials from Toyota Motor Corp., Nissan Motor Co. and Honda Motor Co. appeared together in a news conference in Tokyo Wednesday.
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...