Eric Ibara, Senior Analyst at Kelley Blue Book, says August this year had one less selling day than less year, which could weigh on auto sales.» Read More
Kia Motors, South Korea's No. 2 automaker, posted a bigger-than-expected quarterly net loss, hit by price cuts earlier this year and weaker sales.
Wow. A car company signs up Bob Dylan to pitch cars, I blog about it, and it's clear some of you do not like the idea of Dylan and Caddy riding together. In Tuesday's blog I talked about Cadillac signing a deal with Bob Dylan that includes the rock and folk legend pitching Cadillac's.
Sparkling results at Mercedes cars helped Germany's Daimler boost third-quarter operating profit by a better-than-expected 4 percent, sending its shares up more than 6 percent on Thursday.
Major European indexes closed lower after U.S. existing-homes sales fell 8% in September to a record low 5.04 million unit because of troubles in the subprime mortgages and credit markets.
Car makers should brace for another tough year in the U.S. market, as the fallout from the subprime mortgages crisis will affect other areas of the economy, Carlos Ghosn, CEO of the Renault-Nissan alliance, told "Squawk Box Europe" Wednesday.
Fiat said Wednesday that net profit more than doubled in the third quarter, leading it to raise its full-year targets on a strong performance by its core auto division and good results in its truck and farm machinery operations.
TomTom, Europe's largest maker of car navigation devices, beat average analyst forecasts with a 43 percent rise in operating profit on Wednesday and raised its full-year outlook.
Sweden's Volvo posted a smaller-than-expected rise in quarterly pretax earnings on Wednesday, but was upbeat on demand in Europe while remaining confident about a recovery in the troubled U.S. market.
An engine cooperation pact between German carmakers BMW and Mercedes is likely but it will not be concluded this year, Daimler chief executive Dieter Zetsche said on Wednesday.
Germany's two-trillion-dollar economy emerged from a long period of stagnation last year to post a 2.2% growth rate, cutting unemployment to about 7%. The last two decades have been dominated by the modernization and integration of the economy of the former East Germany, a costly, long-term process.
European markets closed firmly higher Tuesday, boosted by a rally in the U.S. and Asia and a further retreat by oil prices from record highs.
How much pull does Bob Dylan still have with baby boomers? Cadillac is banking on quite a bit. The rock and folk singing legend begins a partnership with Cadillac that kicks off tomorrow with Dylan playing and discussing songs about Cadillac during his Theme Time Radio Hour on XM satellite radio.
The European Court of Justice ruled illegal on Tuesday a German law that shields car maker Volkswagen from foreign takeovers.
Toyota said Monday it sold 2.34 million vehicles globally in the July-September quarter, fewer than General Motors' tally, as its U.S. rival regained the lead in the race to be the world's top automaker.
I watched the latest vote results from rank and file United Auto Workers at Chrysler and thought to myself, "what do these people want?" Through the weekend an estimated 11,000 UAW have rejected the tentative contract the union agreed to with Chrysler. Some 6,000 have voted in favor of it.
United Auto Workers members at a major Chrysler assembly plant in St. Louis have overwhelmingly rejected a proposed contract with Chrysler, delivering a setback to union leadership in early voting on the four-year deal. ...But a smaller local at the Chrysler engine plant in Kenosha, Wis., approved the contract by 82 percent.
I asked, and you told me--which of the Big 3 has the best chance to turn things around. A lot of you think General Motors has the best shot. This was not a scientific survey of course, and to be honest, I received a slew of e-mails from people who think Ford and Chrysler are the two automakers that will get their act together first with new models that se
General Motors said Thursday its global sales rose 4 percent to a record 2.38 million cars and trucks in the third quarter of 2007, driven by strong demand in emerging markets.
Finally, at long last, someone in Detroit has seen the light. That someone is Chrysler president Jim Press, and what he's about to do is something executives in Detroit should have been doing for decades: Stop building cars/trucks/SUV's that don't sell.