Mary Barra's first crisis as GM CEO is how it handled the recall of 1.37 million vehicles sold in the U.S. with a faulty ignition key.» Read More
CNBC's Phil LeBeau reports the average auto loan is now at an all-time high.
One out of every five auto loans now is for at least six years in length, reports CNBC's Phil LeBeau. A look at record setting auto loan demand. "The Profit" host Marcus Lemonis, provides perspective.
Higher prices for new cars and relatively low rates for auto loans means Americans are borrowing a record amount to pay for their new rides.
*GM, Ford, Chrysler, Nissan top sales expectations. *Toyota, Honda fall short of forecasts. While General Motors Co, Ford Motor Co and Chrysler Group all reported stronger-than-expected sales, the higher incentives raised concerns about industry profitability in the future.
TORONTO, March 3- Record-setting truck sales in Canada helped offset weaker demand for cars in February, automakers said on Monday, as Chrysler Canada reported a 10 percent jump in monthly sales.
CNBC's Phil LeBeau reports according to Autodata, the February auto sales pace is the same as 2013's at 15.34 million.
*Toyota sales down 4 percent, missing expectations. *Chrysler, Nissan beat sales expectations. DETROIT, March 3- U.S. auto sales in February were slightly brisker than expected as hefty incentives lured customers into dealerships late in the month despite cold and snowy weather, raising concerns about industry profitability.
Strong sales of certain models at Jeep, Nissan and Subaru were proof that some cars sell even in bad weather.
March 3- The following are U.S. auto sales results for February reported so far on Monday by top-selling automakers. Auto Sales For February 2014.
CNBC's Phil LeBeau reports on automobile sales in February. The Jeep Grand Cherokee saw February sales rise 34 percent.
*Toyota sales down 4 percent, missing expectations. *Chrysler, Nissan beat sales expectations. DETROIT, March 3- U.S. auto sales in February were slightly brisker than expected as hefty incentives lured customers into dealerships late in the month despite cold and snowy weather.
TORONTO, March 3- Ford Motor Co of Canada said on Monday that its sales slipped slightly in February, to 16,234 vehicles from 16,301 in the same period last year, as healthy demand for its trucks was more than offset by a sharp drop in car sales.
DETROIT, March 3- U.S. auto sales in February were more brisk than expected as hefty incentives lured customers into dealerships late in the month despite cold and snowy weather. General Motors Co raced past analysts' expectations, saying Monday that sales dipped 1 percent to 222,104 vehicles.
Texas auto dealers said state leaders should not change laws to land a giant battery plant being built by Tesla.
Tesla shares briefly hit a record high of $265 a share this week, before pulling back to near $250 a share.
CNBC's Phil LeBeau reports Tesla's expected massive 'Gigafactory' will provide batteries for 500,000 vehicles.
CNBC's Phil LeBeau reports Tesla is building its massive 'Gigafactory' to provide batteries for 500,000 vehicles. FMHR trader says this story is "phenomenal."
Car buyers in America are growing more comfortable with the idea of having a monthly auto loan payment for six years.
A new study shows car buyers around the world, including in the U.S., are changing how they buy new cars and trucks.
Discussing the data of Consumer Reports' top auto brands survey, including Ford's poor ranking, with Dave Whiston, Morningstar senior equity analyst.