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  • Auto dealers rack up record profits Friday, 10 Apr 2015 | 10:00 AM ET
    A man shops for used vehicles at the Toyota of Deerfield dealership in Deerfield Beach, Florida last October.

    The combination of surging new and used vehicle sales, demand for financing and busy service departments helped auto dealers post their record year.

  • Auto dealers rack up record profits Friday, 10 Apr 2015 | 10:00 AM ET
    Shoppers at the Toyota of Deerfield car dealership in Deerfield Beach, Fla.

    Surging vehicle sales, strong demand for financing and busy service departments helped auto dealers post their best year ever.

  • Why Warren Buffett is wrong on car-dealer model Thursday, 9 Apr 2015 | 6:53 PM ET
    Warren Buffett

    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.

  • Prone to motion sickness? Avoid these cars Thursday, 9 Apr 2015 | 2:46 PM ET
    Woman in car with hand over mouth

    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, car sales help European shares to new 8-year high Thursday, 9 Apr 2015 | 10:21 AM ET

    *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.

  • China's auto sales pick up in March Thursday, 9 Apr 2015 | 7:20 AM ET

    BEIJING— China's auto sales accelerated in March with strong demands for SUVs, an industry group said Thursday. Sales of passenger vehicles in world's largest auto market rose 9.4 percent to 1.87 million last month, from 6.4 percent in February, according to the China Association of Automobile Manufacturers. China's domestic automakers gained market share...

  • DETROIT— When auto companies roll out exciting new models like they did at last week's New York auto show, the unveilings can sometimes push down the price of cars already on sale. Last week in New York, Honda unveiled a new Civic compact that looks like a European sports car, and Chevrolet showed off a new Malibu midsize car that looks like a coupe, with more legroom...

  • Tesla upgrades the Model S Wednesday, 8 Apr 2015 | 8:06 AM ET
    Tesla Model S dashboard

    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.

  • SALT LAKE CITY— Tesla Motors has built a new showroom in Salt Lake City to sell its sleek electric cars, but no one can buy, drive or discuss prices there after Utah officials ruled it violates state laws about car makers owning dealerships. Jim Chen, the vice president of regulatory affairs for Tesla, said the company built the showroom in Salt Lake City after...

  • Can VW overtake Toyota? Automakers duke it out Tuesday, 7 Apr 2015 | 1:52 PM ET
    Workers inspect a Passat at the Volkswagen Chattanooga plant in Tennessee.

    As the gap narrows between Toyota and Volkswagen, both automakers are reportedly shoring up production.

  • UPDATE 5-U.S. auto sales edge higher in March Wednesday, 1 Apr 2015 | 5:38 PM ET

    *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...

  • *Toyota, Hyundai, Kia, Audi among strong performers. 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...

  • UPDATE 3-U.S. auto sales demand begins to thaw in March Wednesday, 1 Apr 2015 | 2:11 PM ET

    *Toyota, Hyundai, Kia, Audi among strong performers. 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...

  • DETROIT, April 1- Fiat Chrysler Automobiles on Wednesday said U.S. vehicle sales rose 2 percent in March, meeting analysts' expectations. That higher confidence was reflected in higher vehicle transaction prices, according to TrueCar Inc. The online consumer marketplace estimated the average price of a new vehicle in March rose to $32,201, up 2.1 percent from a...

  • NEW YORK, March 31- Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc, said he would not raise interest rates significantly if he ran the Federal Reserve. Buffett spoke at an automotive industry conference in New York, along with the chairman of the Berkshire Hathaway automotive dealer group, Larry Van Tuyl.

  • 6 in 10 teen crashes involve distracted driving Wednesday, 25 Mar 2015 | 11:48 AM ET
    Teen texting driving

    The AAA Foundation for Traffic Safety says that nearly 6 out of 10 moderate to severe teen crashes are the result of driver distraction.

  • Eye scan identifies drivers   Monday, 23 Mar 2015 | 12:32 PM ET
    Eye scan identifies drivers

    New technology for the car called EyeLock will be able to scan your iris to identify the driver, reports CNBC's Phil LeBeau.

  • Cars now scanning your iris   Monday, 23 Mar 2015 | 11:23 AM ET
    Cars now scanning your iris

    CNBC's Phil LeBeau reports some new cars in a few years will include "EyeLock," a technology which scans your eyes to confirm the identity of the driver.

  • *Tencent joins Alibaba, Baidu in car ventures. Hon Hai, WeChat operator Tencent and luxury car dealer China Harmony Auto Holding Ltd signed an agreement to work together in the Chinese city of Zhengzhou, Henan province, the contract manufacturer said without detailing specifics. The partnership would put Tencent on a par with online peers Alibaba Group Holding...