General Motors is dropping Chevy as its No. 1 brand for mass-market vehicles in Europe and is making Opel its primary mainstream line.» Read More
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.
Dec 3- The following are the 20 top-selling vehicles in the U.S. in November as reported by the automakers and ranked by total units. Top 20 selling vehicles in U.S. in November.
TORONTO, Dec 3- Ford Motor Co's Canadian arm sold more than all other carmakers in Canada in November helped in part by strong sales in the Fusion, according to auto sales data released on Tuesday. However, in terms of sales growth, Chrysler Canada sales rose almost 13 percent year-over-year in November outpacing all of its Detroit competitors.
BOSTON, Dec 3- A U.S. senator has asked 20 of the world's biggest automakers for information on how they secure their vehicles from cyber attacks, in light of reports by security experts who say they have identified ways to hack into cars.
Featuring vehicles taking their first international bow, the exhibition offers fun and functionality as well as excess and efficiency.
The electric car maker said late Monday that German regulators notified the company that they were closing their investigation into post-crash fires in Washington, Tennessee and Mexico and would take no further action. Shares of Tesla Motors Inc. jumped $17.51, or 14 percent, to $141.58 in afternoon trading.
Black Friday gave auto sales a bump higher while Delta bumps passengers for a basketball team, reports CNBC's Phil LeBeau.
Adam Jonas, Morgan Stanley head of global auto research, discusses his bullish call on Tesla and why Morgan Stanley has made it a top stock pick.
CNBC's Phil LeBeau talks with Erich Merkle, Ford U.S. sales analyst about why the automaker saw sales rise 7.2 percent last month versus an estimate of 3.0 percent.
DETROIT, Dec 3- Aggressive discounting and the continued popularity of big pickup trucks helped propel November vehicle sales well past expectations, with the three Detroit automakers and two of Japan's top three reporting year-to-year increases on Tuesday.
Pickup trucks continued to drive a resurgence in auto sales in November as the Big Three Detroit automakers all exceeded analysts' expectations.
DETROIT, Dec 3- Pickup trucks continued to drive a resurgence in U.S. vehicle sales in November as the Big Three Detroit automakers all exceeded analysts' expectations.
CNBC's Phil LeBeau reports on the better-than-expected November sales from Toyota.
CNBC's Phil LeBeau reports Ford beat sales estimates while production slightly dipped by 2 percent compared to the first quarter last year.