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
The electric car maker said late Monday that it was notified by German regulators that they were closing their investigation into the post-crash fires in Washington, Tennessee and Mexico and would take no further action. Shares of Tesla Motors Inc. rose $7.83, or 6.3 percent, to $132 in premarket trading about an hour before the market opening.
CNBC's Robert Frank reports only 499 models of LaFerrari were made and all models have been sold. Marco Mattiacci, Ferrari North American president and CEO, provides insight on the success of this car already.
Chrysler, an affiliate of Italy's Fiat SpA, said Tuesday that November sales were 142,275, partly on the strength of its new 2014 Jeep Cherokee. Analysts polled by Thomson Reuters had expected 135,189. Chrysler said it was the best November since 2007, before the auto industry plunged into a deep recession.
Itay Michaeli, auto analyst at Citi, expects more robust U.S. auto sales leading into 2015 when the replacement cycle peaks, which could represent billion dollars of profits for U.S. domestic car companies.
SHANGHAI/ BEIJING, Dec 3- China's auto lobby has fiercely opposed a possible move by Beijing to ease restrictions on foreign ownership in the car industry, saying that the move would seriously weaken the position of indigenous carmakers.
SEOUL, Dec 3- Hyundai Motor Co could be one of the biggest losers from surging sales of Japanese cars in China as the South Korean automaker's problems spread from the United States to the world's largest auto market.
DETROIT, Dec 2- The United Auto Workers union is considering hiking membership dues by 25 percent, the first increase since 1967, as it faces dwindling membership and rising costs, a top UAW official and several union sources said.
DETROIT, Dec 2- Electric-car maker Tesla Motors Inc said Monday that Germany's vehicle regulatory agency will pursue "no further measures" after concluding a review of recent Tesla Model S fires in the United States and Mexico. Germany's Kraftfahrt-Bundesamt, or Federal Motor Transport Authority, was not immediately available for comment.
Credit advanced electronics for making the latest safety technology not only possible but increasingly affordable.
The surge of GM shares comes as the Federal government is about to finish selling its GM stake, and is a day executives have been waiting for.
*Peugeot, Renault officials attending Iran conference. *Foreign firms hope to revive Iran production. PARIS/ DUBAI, Nov 28- Peugeot and Renault are among Western firms sending executives to an automotive conference that opens in Iran on Saturday- firing the starting gun on a more overt race for post-sanctions business.
Nov 29- The new owners of Swedish car maker Saab, National Electric Vehicle Sweden AB, will restart production of the 9-3 sedan on Monday at the Trollhattan factory in Sweden, a NEVS spokesman said on Friday.
BRUSSELS, Nov 29- EU diplomats on Friday unanimously backed the world's toughest carbon dioxide emissions standards for new cars, which German carmakers said would be an enormous challenge.
CHATTANOOGA, Tenn.-- German automaker has begun construction at its Chattanooga, Tenn. plant for an extension of its assembly parts shop warehouse. Volkswagen says the expansion is entirely aimed at production of the Passat sedan, which the plant produces for markets in the United States, Canada, Mexico, South Korea and Middle Eastern countries.
*Renault sees Russian market growing next year. BOULOGNE-BILLANCOURT, France, Nov 28- R enault- Nissan will build a second engine with Russian partner AvtoVAZ and aims to overcome a decline in Lada sales in a market set to overtake Germany within two years, Renault's regional boss said on Thursday.
Kelley Blue Book is estimating that auto sales will be 3.6 percent higher than the day after Thanksgiving last year.
NEW DELHI/ SHIRDHON, India, Nov 28- Pandurang Ghorpade has the weather to thank as he hands out celebratory sweets to neighbours eager for a ride on his prized new possession, a gleaming red tractor bought in anticipation of a bumper harvest.
The United States government has issued a warning to U.S. Airlines when flying over the Sea of Japan. CNBC's Phil LeBeau reports the details.
WASHINGTON, Nov 27- Japan's Stanley Electric Co Ltd has agreed to pay a $1.44 million criminal fine and plead guilty to a U.S. charge that it conspired to fix the prices of certain auto parts, the U.S. Justice Department said on Wednesday.
NBC's Ron Mott reports on this sharing-economy rental car service.