General Motors has hired Johan de Nysschen to run its struggling Cadillac division.» Read More
The Association of European Businesses said on Tuesday it now expected sales of cars and light commercial vehicles in Russia to drop 12 percent this year to 2.45 million units- far more pessimistic than its forecast earlier this year for a 1.6 percent decline.
In a year where luxury auto sales are overall up 4 percent, CNBC's Phil LeBeau reports Cadillac is the only luxury brand to see its sales slip.
Tesla is being sued in China for trademark infringement, casting a shadow over CEO Elon Musk's ambition to expand in the world's biggest auto market.
LONDON— They are rolling symbols of wealth and excess, starting at $263,000 a pop, with most buyers choosing custom options that can easily double the price. Rolls-Royce reported a startling rise in demand for their distinctive cars Tuesday.
Don't tell Cadillac dealers this is one of the best years ever for luxury auto sales.
BRAZIL AUTO SALES EXPECTED TO POST -5.4 PCT GROWTH IN 2014 VS.
BRAZIL AUTO SALES POST -10.2 PCT GROWTH IN JUNE FROM MAY- ANFAVEA AUTOMAKERS ASSOCIATION.
Hyundai is showing off a new system that will automatically slow a vehicle down to avoid a ticket.
Itay Michaeli, Auto Analyst at Citi, discusses General Motors' vehicle sales in June. He also highlights replacement demand as the key factor spurring auto sales in the U.S..
General Motors Co bucked Wall Street's low expectations as well as negative publicity over a flood of safety recalls, reporting a 1 percent rise in U.S. sales in June. He added that GM's sales remain strong in part because consumers focus on brand names such as Chevrolet and Buick rather than the corporate name " General Motors."
Autodata reports the June auto sales rate is 16.98 million units versus 15.88 million, one year ago. CNBC's Domnic Chu digs into the numbers.
WASHINGTON, July 1- U.S. manufacturing activity rose at a steady clip in June and major automakers reported better-than-expected sales, pointing to momentum in the economy after a turbulent start to the year.
General Motors has recalled 29 million vehicles worldwide this year. CNBC Contributor Ron Insana, and CNBC's Phil LeBeau, discuss at what point recalls will impact GM sales and how rising interest rates will impact auto financing.
CNBC's Phil LeBeau reports General Motors, Ford and Chrysler all beat sales estimates in June, and discusses if auto sales may be topping out.
CNBC's Phil LeBeau speaks to Scott Keogh, Audi of America president, about where the company is getting its strength in sales and the automakers big bet on tech.
DETROIT, July 1- Major automakers reported better-than-expected U.S. sales in June, capping a strong second-quarter comeback from a brutal winter, but some companies displayed signs of softening demand for their most popular models.
HAVANA— Just 50 automobiles and four motorcycles have been sold in Cuba in the nearly six months since a new law took effect that let islanders buy vehicles from state-run dealerships without a special permit for the first time in decades, authorities said Monday. About 11 million people live in Cuba.
The "Squawk on the Street" news team reacts to GM's latest recall where 8.4 million vehicles were recalled due to ignition related issues. Cramer says it's undeniable this will impact GM somehow.
America's auto industry, in the midst of a five-year run where sales have rebounded more than 55 percent, is close to seeing a slowdown.
CNBC's Phil LeBeau reports the Orange County district attorney has filed a civil lawsuit against General Motors.