SAO PAULO, Dec 5- Production and sales of motor vehicles in Brazil fell in November as weaker demand and high inventories kept pressure on the local auto industry. Stagnant demand for cars despite heavy tax incentives from President Dilma Rousseff underscored expectations that sales in Brazil will contract this year for the first time in a decade.» Read More
DETROIT, Oct 24- AutoNation Inc the largest U.S. auto dealer, on Thursday posted a 13 percent increase in quarterly profit amid rising demand for both new and used vehicles.
DETROIT, Oct 24- AutoNation Inc, the No. 1 U.S. auto dealer, on Thursday posted a 13 percent increase in quarterly profit amid rising demand for both new and used vehicles. Net income in the third quarter increased to $92.6 million, or 75 cents a share, compared with $81.6 million, or 66 cents a share, in the year-earlier quarter.
*Lobby group AEB forecasts Russia auto sales down 5 pct in 2013. MOSCOW, Oct 23- The head of U.S. automaker Ford Motor Co's Russian venture sees auto sales in the country staying around flat in 2014 after a fall this year, but is optimistic on the market's longer-term prospects.
Oct 22- U.S. auto dealer Asbury Automotive Group Inc said sales slowed "significantly" in October, after demand for used cars helped it report a better-than-expected third-quarter profit. Asbury gets most of its revenue from the sale of luxury and foreign cars made by BMW, Mercedes-Benz, Honda and Nissan, among others.
Oct 22- U.S. auto dealer Asbury Automotive Group Inc posted a better-than-expected quarterly profit as demand for used vehicles rose due to easier availability of loans.
Oct 22- U.S. auto dealer Asbury Automotive Group Inc posted a 10 percent rise in quarterly profit helped by the continuing recovery in the automobile industry. Net income rose to $22.7 million or 73 cents per share, in the third quarter, from $20.7 million, or 66 cents per share, a year earlier.
Harley-Davidson is voluntarily recalling more than 29,000 of its touring motorcycles because of a problem with their hydraulic clutch system.
Meet Wayne Obry, the Ferrari guru, who does extreme makeovers on some of the rarest Ferraris on the planet and has a year and a half long waiting list.
DEARBORN, Mich., Oct 9- Ford Motor Co aims to capture 5 percent of China vehicle sales in the fourth quarter, double its share at the end of 2011, its top official in the country said on Wednesday.
LONDON, Oct 4- New car sales in Britain soared to their highest level in more than five years last month, lifted by a brighter outlook for the economy, attractive financing deals and demand for new fuel-efficient models. That is the highest monthly level since March 2008, just before Britain plunged into its deepest recession in generations.
TORONTO, Oct 1- Automakers sold a record number of cars in Canada last month and pushed total vehicle sales year-to-date to a new record, according to industry data released on Tuesday, with Ford Motor Co's Canadian unit outselling all its competitors.
*Ford, Chrysler top analysts' expectations. DETROIT, Oct 1- U.S. consumer demand for new vehicles cooled slightly in September, as expected, as Ford Motor Co topped analysts' expectations, but General Motors Co fell short. There were two fewer shopping days in September compared with the previous year, and part of the Labor Day shopping weekend fell in August.
DETROIT, Oct 1- Toyota Motor Corp's U.S. sales division said that September U.S. sales for the industry were about 1,138,000, down 4.3 percent from a year ago. After Toyota issued its estimate, industry consultant Autodata Corp said September sales were 1,139,050 vehicles, down 4.2 percent.
*GM, Toyota, Honda, Nissan fall short. DETROIT, Oct 1- U.S. consumer demand for new vehicles cooled slightly in September, as expected, as Ford Motor Co topped analysts' expectations, but General Motors Co fell short. There were two fewer shopping days in September, compared with the previous year, and part of the Labor Day shopping weekend fell in August.
DETROIT, Sept 30- The U.S. auto industry's sizzling summer pace stalled in September for the first year-on-year sales decline in more than two years as the month suffered because part of the Labor Day shopping weekend landed in August and there were two fewer days than last year to buy.
TrueCar.com is tapping into feelings of distrust and discomfort that many women feel about buying a car. But is it sexist?
Supercars are very common on the wide, state-of-the-art highways of Dubai. But a new record-breaking Lamborghini, made out of gold and gems, is sure to turn heads.
European car sales fell 4.9 percent last month, the Association of European Carmakers said on Tuesday, as PSA Peugeot Citroen lost more ground to rivals.
FRANKFURT, Sept 10- Italian luxury carmaker Maserati expects its sales to jump to about 16,000 cars this year from 6,300 last year, boosting the brand's profit margin by a "high single-digit" percentage, its chief said.
Europe's auto industry may not return to growth until it undergoes heavier restructuring similar to that undertaken in the U.S.