Tesla's Q2 earnings beat expectations on the top and bottom line. Colin Rusch, Northern Capital Markets, discusses the automakers growth picture and future earnings expectations.» Read More
July 22- U.S. auto dealer Asbury Automotive Group Inc posted a 33 percent jump in quarterly profit, driven by strong demand for luxury vehicles. The company's net income rose to $35.9 million, or $1.18 per share, in the second quarter ended June 30, from $27 million, or 87 cents per share, a year earlier. Revenue increased 12 percent to $1.50 billion.
The Insurance Institute for Highway Safety issued its first list of used vehicles that it most recommends for young motorists.
Before Nissan's first self-driving cars go on sale in 2020, it will launch new technologies that supplement the driver behind the wheel.
The insurance bill for the typical married couple will jump an average 79 percent when a teen driver is added, according to a report.
DETROIT, July 17- Shares of AutoNation Inc, the largest U.S. auto dealer group, fell as much as 8 percent on Thursday after its earnings missed analysts' expectations. Analyst Joseph Amaturo of the Buckingham Research Group said he was "unimpressed" with AutoNation's results and that the company was not expanding its share of the U.S. new-vehicle market.
Utility vehicles accounted for 36.5 percent of the overall American market during the first five months of 2014.
MILAN, July 17- New car sales in Europe rose 4.3 percent in June, industry data showed on Thursday, as an economic recovery in southern Europe, new product launches and retail incentives boosted demand for mass-market brands.
For over a decade, the General Motors legal department quietly worked to contain the damage of defective ignition switches.
New Jersey Governor Chris Christie says he gave Tesla a year to sell directly to customers, and gave the company time to work with the legislator, but it didn't, and he had to enforce the law.
General Motors' two largest markets, China and the U.S., drove the company's results.
Tesla says it will name its planned small car the Model 3, and the vehicle will compete with BMW's 3 series sedans, reports CNBC's Morgan Brennan.
CNBC's Phil LeBeau reports what's driving sales at General Motors globally, despite its recall crisis.
TOGLIATTI, Russia, July 16- To the pounding beat of house music and a triumphant trip down memory lane, the launch of Datsun's on-Do family sedan at Russia's largest automaker on Monday was hailed as a sure success.
WASHINGTON, July 15- U.S. retail sales increased less than expected in June as receipts at automobiles dealerships surprisingly fell, but details of Tuesday's report suggested the economy was on a solid footing at the end of the second quarter.
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.
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.