Steve Cannon, Mercedes-Benz USA president & CEO, breaks down Mercedes growth plan and sales expectations for the year.» Read More
DETROIT, Jan 12- Automakers are upbeat about global auto sales this year despite fears of a slowdown in the United States, which generates big profits and where sales have surged 50 percent since the recession. But slowing demand in the second-largest auto market, the United States, has some analysts worried incentives could rise and bit into profit margins.
The Detroit Auto Show will give a sense of some of the dramatic changes that will sweep through the auto industry for years to come.
A Ford exec who said the company tracks and collects data on how Ford customers drive their vehicles said he regrets making the comments.
BEIJING, Jan 9- Vehicle sales in China rose 13.9 percent last year from a year earlier, beating expectations and capped off by a 17.9 percent surge in December, the China Association of Automobile Manufacturers said on Thursday.
WASHINGTON, Jan 8- The U.S. House of Representatives has taken a step toward enabling automobile dealers to bypass a law requiring them to provide emissions certification on cars and light trucks, a rule that auto dealers say adds burdensome red tape to the buying process.
CNBC's Robert Frank reports the global market for "super-cars," or cars priced at $200,000 or more, declined by 6 percent in 2013.
CNBC's Phil LeBeau reports that Nissan plans to sell a self-driven car by 2020, while IHS Automotive estimates that self-drivers will account for less than 1 percent of the global car market by 2025.
The Detroit Auto Show has traditionally been the year's kickoff for automakers, but the Consumer Electronics Show has increasingly upended that role.
CNBC's Phil LeBeau talks with Nissan Motor CEO Carlos Ghosn, about the auto industry's race for the first autonomous vehicle and Nissan's advancements with its own self-driving car.
SAO PAULO, Jan 7- Motor vehicle sales in Brazil are likely to stage a feeble recovery in 2014 from their first annual drop in a decade, an industry group said on Tuesday, as tighter credit and higher taxes stifle the world's fourth-largest car market.
A number of issues have to be addressed before autonomous vehicles rule the road, according to experts.
The 2015 Chevrolet Corvette will have a new system that lets owners record their drives and share the video with friends.
TORONTO, Jan 3- Canadians bought more vehicles in 2013 than ever before, as consumers brushed off high debt and a slow economic recovery to buy trucks and luxury models, though icy weather limited December purchases, numbers released on Friday showed.
Technology is transforming virtually every aspect of the automobile, from engines to headlights.
TORONTO, Jan 3- Canadians bought more vehicles in 2013 than in any year since 2002, as consumers brushed off high debt and a slow economic recovery to buy trucks and luxury models, though icy weather limited December purchases, numbers released on Friday showed.
*Late Thanksgiving date, bad weather hit December sales. The December results were hit by the late Thanksgiving weekend that pulled more sales into November than usual, as well as snow and ice storms that kept consumers away from dealerships, several automakers and analysts said.
After ending 2013 with sales that were more of a whimper than their expected bang, automakers still believe American car buyers have plenty of enthusiasm.
TORONTO, Jan 3- Ford Motor Co's Canadian arm sold fewer vehicles in December than a year earlier but held its position as the country's best-selling automaker in 2013 as truck sales helped it notch overall growth of 2.7 percent, the company said on Friday. Honda Motor Co Ltd said its Civic was Canada's top-selling car for the 16th straight year.
At the state-run Peugeot dealership in Havana on Friday morning, where prices ranged from $91,000 for a 2013 model 206 to $262,000 for a 508, people walked away shaking their heads in disgust. I am going to die before I can buy a new car, " Roberto Gonzales, a state driver, said, walking back to his 1950 s Plymouth.
TORONTO, Jan 3- Ford Motor Co's Canadian arm sold fewer vehicles in December than a year earlier but held its position as the country's best-selling automaker in 2013 as truck sales helped it notch overall growth of 2.7 percent, the company said on Friday.