CNBC's Phil LeBeau speaks to Bob Shanks, Ford Motor Company CFO, about the automaker's better-than-expected profits and performance in Europe.» Read More
Volkswagen will spend $900 million to build a mid-sized SUV at its U.S. plant in Tennessee.
Earlier this month the brand revealed what it is calling "the most powerful muscle car ever," coming in at a screeching 707 horsepower.
General Motors has hired Johan de Nysschen to run its struggling Cadillac division.
A price list hanging on the green chain-link fence hints at why: $85,000 for a 6- year-old Peugeot compact; $46,000 for a tiny 2008 Citroen C3 hatchback that would cost less than a third of that in Europe.
LONDON, July 9- Future interest rate rises will not affect car sales in Britain and could easily be offset by manufacturers passing on their gains from foreign exchange, the head of one of the country's biggest car dealers told Reuters.
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.
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.