April 28- Sirius XM Holdings Inc reported an 8.3 percent rise in quarterly revenue as strong U.S. auto sales drove an increase in paying subscribers for the satellite radio service. The company's net income rose to $105.7 million, or 2 cents per share, in the first quarter ended March 31, from $94.0 million, or 2 cents per share, a year earlier. Revenue rose to $1.08...» Read More
DETROIT— Ford Motor Co. said Thursday it's laying off 700 workers at a Michigan assembly plant because of slow sales of the small cars and hybrids it makes. The Michigan Assembly Plant, in the Detroit suburb of Wayne, will move from three shifts to two starting June 22, spokeswoman Kristina Adamski said. The plant is the same one President Barack Obama visited in...
SEOUL, South Korea— Hyundai Motor Co. said Thursday its first-quarter profit dropped due to lower vehicle sales at home and abroad and the strong local currency. The maker of Genesis sedan and Sonata said Tuesday its net profit was down 2 percent over a year earlier to 1.98 trillion won while operating income sank 18 percent to 1.59 trillion won.
TOKYO— Toyota Motor Corp. is still at the top in global vehicle sales after the first quarter, selling 2.52 million vehicles around the world, outpacing rivals Volkswagen and General Motors even as weakness in Japan dragged on its growth. Volkswagen edged out U.S. automaker General Motors Co., which reported global sales of 2.4 million vehicles earlier this...
Vehicle owners are most interested in technology that will keep them safe, according to a new study by J.D. Power.
DETROIT, April 22- AutoNation Inc, the largest U.S. auto dealer group, on Wednesday posted stronger-than-expected quarterly profit as sales for both new and used vehicles rose. "While expectations were high coming into the quarter, we believe AutoNation did well enough to keep the bulls interested," Shanker said in a research note. Net income in the first quarter...
DETROIT, April 22- AutoNation Inc, the largest U.S. auto dealer group, on Wednesday posted stronger-than-expected quarterly profit as sales for both new and used vehicles rose, sending shares up 2.5 percent in premarket trading. Net income in the first quarter rose to $111.5 million, or 97 cents a share, from $95.1 million, or 78 cents a share, a year earlier.
SUVs are becoming more popular in inner China, causing automakers to boost production on the vehicles.
LONDON, April 17- With many of Britain's classic car brands now foreign-owned, fund managers and brokers are turning to domestic-listed dealerships to cash in on resurgent car sales and wage growth in the UK without investing abroad. Data this month showed that UK new car registrations rose 6 percent in March, setting a record for the month this century, while...
Bentley Motors Limited has been named as the least reliable used car manufacturer of 2015 in the UK, followed by Porsche, according to a new survey.
Your premium doesn't go up as often after a ticket as you might think, a study finds.
It may be lighter and feature an aluminum body, but Ford's new pickup passed a major test of its ability to protect passengers.
The combination of surging new and used vehicle sales, demand for financing and busy service departments helped auto dealers post their record year.
Surging vehicle sales, strong demand for financing and busy service departments helped auto dealers post their best year ever.
Warren Buffett said the car-dealership model isn't going to change anytime soon. Here's why he's wrong, says auto-industry consultant Daron Gifford.
Automakers say autonomous cars will keep drivers safer than ever. But it could also make them sicker. Carsick, that is.
*M&A speculation boosts Burberry, Mediaset. Burberry was flagged by Goldman Sachs among shares on its "conviction buy" lists for which its sees a bid probability of 30 percent or more. Italian media group Mediaset rose 2.2 percent after Mediobanca tipped it as a bid target for France's Vivendi.
*M&A speculation boosts Burberry, Mediaset. Burberry was flagged by Goldman Sachs among shares on its "conviction buy" lists for which its sees a bid probability of 30 percent or more. Italian media group Mediaset rose 2.8 percent after Mediobanca flagged it as a bid target for France's Vivendi.
Tesla is upgrading its Model S in the latest move to make the high-end sedan stand out in an increasingly competitive luxury car market.
As the gap narrows between Toyota and Volkswagen, both automakers are reportedly shoring up production.
*Ford beats expectations; GM, Honda miss expectations. Among the strong performers were Toyota Motor Corp, Hyundai Motor Co, Kia Motors Corp and Audi. While dealership traffic began to pick up last month, "the second quarter looks to be even more favorable" because of pent-up demand after a harsh winter, according to Eric Lyman, vice president of industry insights for...