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Auto sales are expected to be in the range of 15 million and 15.5 million units this year, General MotorsCEO Daniel Akerson told CNBC.
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Auto sales are expected to be in the range of 15 million and 15.5 million units this year, General MotorsCEO Daniel Akerson told CNBC.
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General Motors sales tumbled nearly 11 percent. Asian automakers also saw declines, with Toyota Motor Corp sales down 6.2 percent, Honda Motor Corp Ltd down 0.6 percent and Hyundai Motor Co sales 4.7 percent lower. "These are not bad numbers at all," said Tony Faria, an auto industry expert at the University of Windsor in Ontario. "
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Tesla Motors launched a leasing program for the Model S electric car, partnering with Wells Fargo and US Bank.
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Chrysler Group LLC said Tuesday that its March U.S. sales rose 5 percent, led by the Ram pickup and Dodge and Chrysler midsize cars. BY THE NUMBERS: The Auburn Hills, Mich., automaker said it sold 171,606 cars and trucks last month, up from 163,381 a year earlier.
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Subaru and General Motors are recalling cars to check for corroded brake lines and problems with heated steering wheels, officials said.
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March auto sales gave the latest indication the steady growth of the American economy is prompting more buyers to go back into showrooms for a new car, truck, or utility vehicle.
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TORONTO, April 2- Ford Motor Co's Canadian vehicle sales rose 1.6 percent in March from a year earlier, the company said on Tuesday, as stronger demand for trucks more than offset a drop in new car sales.
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Major automakers posted strong monthly U.S. car sales last month, helped by growing confidence in the recovery and demand for pickup trucks and sport utility vehicles.
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DETROIT, April 2- Ford Motor Co and Chrysler Group LLC reported on Tuesday slightly better-than-expected U.S. auto sales in March, buoyed by greater demand for sport utility vehicles and pickup trucks, while General Motors Co fell short of estimates. Ford, the No. 2 U.S. automaker, said March was its best month since May 2007.
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DETROIT-- U.S. car and truck sales are expected to hit their highest level in nearly six years in March, as buyers armed with tax refund checks were lured by flashy new vehicles and low interest rates. Analysts predict total sales of nearly 1.5 million cars and trucks, a number not seen since May 2007.
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General Motors Co. said Tuesday that its March U.S. sales rose 6 percent, led by the Chevrolet Silverado and Chevrolet Traverse crossover SUV. BY THE NUMBERS: The Detroit automaker said it sold 245,950 cars and trucks last month, up from 231,052 a year earlier.
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Muscle cars like the new 2014 Chevrolet Camaro Z28—capable of producing 550 horsepower—battled for supremacy in an increasingly competitive category and drew some of the largest crowds to this year's annual New York International Auto Show. NBC News reports.
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Tesla Motors said it expects to report a first-quarter profit on both a net and adjusted basis following stronger-than-expected sales of its Model S sedan, sending its shares up nearly.
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Jonathan Browning, Volkswagen of America CEO, shares insight on the company's plans for diesel vehicles, including sport wagons.
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HONG KONG, March 27- Dongfeng Motor Group, China's second-largest automaker, posted a 13 percent fall in 2012 profit, its biggest drop since 2005 due to sluggish sales of Japanese cars made at its China ventures following the outbreak of a territorial row between the two countries.
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NEW YORK, March 26- U.S. industry sales in March have been strong, with the annual sales rate tracking at a pace that would top 15 million for the fifth consecutive month, a senior U.S. executive for Toyota Motor Corp said on Tuesday.
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*Car sales in Germany, Netherlands and Nordics weakening. The chill in cars sales has spread from southern Europe, where the worst of the euro zone debt crisis is crippling economies, to the north, including the region's biggest car market, Germany.
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*Car sales in Germany, Netherlands and Nordics weakening. The chill in cars sales has spread from southern Europe, where the worst of the euro zone debt crisis is crippling economies, to the north, including the region's biggest car market, Germany.
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DETROIT, March 21- U.S. auto sales in March are expected to rise 8 percent and the annual sales pace should top 15 million for the fifth straight month as consumers shake off worries about the economy, according to research firms J.D. Power and Associates and LMC Automotive.
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Tze Shen Cheam, Analyst, China Autos Research at CIMB Securities discusses Geely Auto's positive 2012 results.