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
The market for sport utility vehicles is starting to look a lot like the housing market, spreading pain to consumers, automakers and dealers, the New York Times reports.
If you're shopping for a car, arm yourself with information now so you aren't taken for a ride later.
Toyota Motor is considering exporting U.S.-made trucks including its full-size Tundra after scaling back its sales expectations for the U.S. market under pressure from record fuel prices and a slumping housing market.
The report today from the Detroit News that Ford is preparing to stop building the Mercury Sable and Ford Taurus X crossover is one of those stories I read and immediately said, "It's about time". In my opinion, these are the types of moves Ford needs to make quickly if it's going to jump start sales with fresh, attractive models.
Toyota Motor is set to raise prices of hybrid cars and commercial vehicles by 1% to 3% in Japan as costs for steel and other materials soar, the Nikkei business daily reported on Monday.
Top Japanese tyre maker Bridgestone posted a worse-than-expected 18 percent drop in first-half operating profit on Friday citing expensive raw materials and a stronger yen, and slashed its forecasts as vehicle sales slump in Western markets.
Following are Thursday's biggest winners and losers. Even with today's rough market, there were a number of pops, such as an internet florist, a Canadian fast food chain and a certain star athlete making the move to the Big Apple.
AIG reports weak earnings and further write-downs, while GE says the Beijing Olympics will help boost the company's brand image. Following are today's top videos:
When Toyota reported a drop in fiscal first quarter profits of 28%, it immediately sparked a slew of e-mails from those of you who think I "favor" the Japanese automaker. In general the comments say, "Take that Toyota Phil, even your beloved auto company is hurting."
Chrysler is in talks with Japan's Nissan Motor about jointly producing midsize cars, the Wall Street Journal said Thursday.
Over the last year of putting together our CNBC documentary, co-workers have asked me time and again about my favorite moments. When you watch "Saving GM" tonight, you will see some of them. But here are my top 3.
Some hurting, poorly managed companies can turn out to be great stocks. Fast Money's special series "Bad Company, Good Stock" takes a look at Ford.
The board of directors at General Motors remains supportive of Chief Executive Rick Wagoner, despite the company's recent, unexpected $15.5 billion loss, the Wall Street Journal reported Tuesday.
GM Vice Chairman Bob Lutz invited me to watch him test the E-Flex system behind the new Chevy Volt. Given the enthusiasm surrounding the Volt, I jumped at the opportunity. Would E-Flex deliver on the promise that's been built up surrounding GM's electric car? The answer: Yes.
As struggles in the automobile industry compound with each passing quarter, the news that Chrysler's financial unit is unable to reach its goal of raising $30 billion in financing support may impact its ability to support sales.
Avoid the tricks. Learn the secrets. A former "insider" reveals how to get the best deals on wheels.
After almost 10 years of covering General Motors, including the last year going behind the scenes for our upcoming documentary "Saving GM", I often hear the same question time and again. Where is chairman and CEO Rick Wagoner taking this company?
Chrysler's finance arm said Sunday it had renewed its credit facilities, but had reduced the amount to $24 billion from $30 billion due to tough credit markets and changes in its retail strategy.
When we decide to make the switch away from dirty, environmentally unfriendly oil, these companies will help make it happen.
Stocks started the month off with a decline as a rise in oil and larger than expected loss from General Motors rekindled worries about the economy.