After much better than expected sales in the first half of 2015, US automakers are poised to enjoy a very strong second half of the year.» Read More
In a sign automakers are increasingly aware they'll have to try new approaches to reach customers, Ford is launching a car-share program.
DETROIT June 23- The pace of growth for global auto demand will slow to a 2.6 percent annual rate over the next seven years, and U.S. sales could hit their peak in 2016, according to a forecast released Tuesday by AlixPartners, a consulting firm that works extensively with global automakers. The U.S. market could hit a cyclical trough at about 15 million vehicles for...
Google's Chris Urmson spoke to CNBC as the company begins its next phase of research into autonomous-drive vehicles.
After years of setting the standard for quality and reliability, Japanese brand autos have dropped below the industry average, according to a new report by J.D. Power and Associates.
The luxury sedan includes gesture controls, so drivers can adjust the radio and other in-car systems with a wave of their hand.
BEIJING/ HONG KONG, June 10- Vehicle sales in China fell for a second straight month in May, the first such consecutive drop since late 2011, highlighting the weakness in the world's second biggest economy. Passenger and commercial vehicle sales in China totalled 1.9 million vehicles last month, falling 0.4 percent year-on-year and following on a 0.5 percent...
Two questions are at the heart of the debate over self-driving cars: How many people want it and how much are they willing to pay for it?
TORONTO/ VANCOUVER, June 2- New car and truck sales in Canada hit a record high in May, with Chrysler leading the pack as the top-selling carmaker for the month and bolstered by strong demand for luxury vehicles, according to data released on Tuesday. Auto sales were up 1.1 percent, with 197,937 cars and light trucks sold in Canada, industry data showed.
Factory orders fall 0.4 percent in April. WASHINGTON, June 2- New orders for U.S. factory goods fell in April on weak demand for transportation equipment and other goods, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector. Households are gradually boosting their spending on manufactured goods, "said Gus...
*Factory orders fall 0.4 percent in April. WASHINGTON, June 2- New orders for U.S. factory goods fell in April as demand for transportation equipment and other goods weakened, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector. Households are gradually boosting their spending on manufactured goods, "...
DETROIT, June 2- The U.S. auto industry remained on track for the best sales year in a decade as consumers bought cars and trucks in May at the fastest pace in almost a decade. General Motors Co forecast industry U.S. sales to finish May at a seasonally adjusted annualized rate of 17.6 million vehicles, the strongest pace since January 2006. GM sales rose 3 percent in...
With new vehicle prices climbing to all-time highs, a record number of Americans are turning to leases to keep monthly payments low.
Beepi is raising another $300 million in venture capital to fund its expansion nationwide.
There's no shortage of luxury vehicle choices, but increasingly the wealthy are opting for high-end SUVs instead of traditional models.
Car buyers hit showrooms en masse on Memorial Day, helped by low-financing offers and other incentives.
News that Pep Boys has caught the eye of private equity is the latest evidence of this investing trend, says investment banker Vincent Carey.
A confluence of economic factors are setting the scene for a strong Memorial Day Weekend in the auto industry.
May 21- Industry consultancies JD Power& Associates and LMC Automotive said they expect U.S. new vehicle retail sales for May to rise 2 percent to their highest level since August 2014. New car retail sales are forecast to touch 1.3 million in May on a selling-day adjusted basis, JD Power and LMC Automotive said on Thursday. "May's selling rate is making up for a...
A new product hopes to give parents a tool to stop distracted teens from texting or calling while driving.
GM President Dan Ammann took a spin in the new Camaro and called the halo car "hugely important" to Chevy.