INGOLSTADT, Germany, Jan 30- German luxury carmaker Audi could reach its goal of 2 million sales a year before its 2020 target, helped by revamped models and new sport-utility vehicles, its chief executive told Reuters. Rupert Stadler said demand in Europe, where Audi sold 44 percent of its cars last year, was stable, while he was upbeat about prospects for China,...» Read More
Not since the late 90's has the North American International Auto Show buzzed with the kind of optimism industry leaders are showing in Detroit.
Mary Barra, in describing 2014, told reporters: "I didn't expect it to unfold like it did. It was clearly a tragedy and troubling."
GM CEO Mary Barra provided her forecast for the auto industry this year. CNBC's Phil LeBeau reports the details.
CNBC's Phil LeBeau runs through the technology and features of the Mercedes-Benz F015 autonomous vehicle.
CNBC's Phil LeBeau speaks to Mark Fields, Ford Motor Company CEO, about the vision for the future of driving and fully autonomous vehicles.
Mercedes-Benz unveiled the all-electric, fully autonomous-drive F 015 Luxury in Motion vehicle at the Consumer Electronics Show.
DETROIT, Jan 5- BMW on Monday regained bragging rights as the top-selling luxury brand in the United States, ending the one-year reign of German rival Mercedes. BMW ended with a lead last year of more than 9,000 vehicles over Mercedes-Benz, which in 2013 seized a title BMW had held for the previous two years. Last year, Mercedes-Benz outsold BMW by about 3,000...
DETROIT, Jan 5- Automakers reported strong December U.S. sales on Monday, boosted by falling gasoline prices, but industry executives and analysts cautioned that growth would slow in 2015 after five years of rapid recovery from the recession. "U.S. auto sales are dancing to a very different beat," Morgan Stanley analyst Adam Jonas said in a research note.
*BMW and China dealers reach settlement over subsidies. *Dealers say $820 mln deal struck, BMW declines confirm details. SHANGHAI/ FRANKFURT, Jan 5- BMW will pay 5.1 billion yuan to auto dealers in China who pressured the world's top luxury carmaker to share the cost of overstocked showrooms, BMW's main Chinese dealership group said on Monday.
Automakers reported strong December U.S. sales, boosted by falling gas prices, but analysts cautioned that growth would slow this year.
DETROIT, Jan 5- Automakers reported strong December U.S. sales Monday, boosted by falling gas prices, but industry executives and analysts cautioned that growth would slow this year after five years of rapid recovery from the recession. General Motors Co easily beat analyst expectations, logging a 19 percent gain to 274,483 vehicles, the best December for the No....
CNBC's Phil LeBeau reports the latest sales numbers for General Motors and Ford.
DETROIT, Jan 5- Fiat Chrysler Automobiles said its U.S. sales rose 20 percent on strong Jeep SUV and pickup truck sales but still missed expectations of analysts. Nissan Motor Co's December U.S. sales narrowly topped and Honda Motor Co. And a separate poll of 35 economists polled by Thomson Reuters showed that they expect on average an annualized selling rate for...
*BMW and China dealers reach settlement over subsidies. SHANGHAI/ FRANKFURT, Jan 5- BMW will pay 5.1 billion yuan to auto dealers who pressured Europe's top luxury carmaker to share the cost of overstocked showrooms in the world's largest car market, BMW's main Chinese dealership group said on Monday. BMW started subsidizing its dealers in 2012 due to falling...
Audi allowed CNBC's Phil LeBeau to test drive the A7 with piloted driving technology, an experience that he found surprisingly normal.
Drivers who depend on diesel fuel were still paying an average of $3.21 a gallon as of Dec. 29.
SEOUL, Jan 2- South Korean automaker Hyundai Motor Co and affiliate Kia Motors Corp aim to boost global sales by 2.5 percent this year to a combined 8.2 million vehicles, group chairman Chung Mong- koo said on Friday.
Automakers and car dealers are seeing sales on pace for more than 17 million this year. Paul Ingrassia, Reuters managing editor, discusses the strong outlook for the U.S. versus China and Europe.
A total of 71 vehicles have earned either a Top Safety Pick or Top Safety Pick+ award, up from just 39 models during 2014.
Combined new and used auto sales are likely to rise 8.3 percent to $1.1 trillion this year, according to TrueCar.