GO
Loading...

Automotive Retail

More

  • 'Chevy Guy' and the awkward World Series moment Thursday, 30 Oct 2014 | 1:11 PM ET
    San Francisco Giants’ Madison Bumgarner, left, holds the MVP trophy as he shakes hands with "Chevy guy" Rikk Wilde after Game 7 of the World Series in Kansas City, Mo., Oct. 29, 2014.

    As awkward moments go during the celebrations of sports championships, the "Chevy Guy" presenting the World Series MVP with a truck is up there.

  • Why now is the time for Fiat to spin off Ferrari Wednesday, 29 Oct 2014 | 5:59 PM ET
    Former Ferrari CEO, Luca Cordero di Montezemolo (L) and Sergio Marchionne (R), CEO of Fiat and Chrysler.

    Fiat Chrysler is in the midst of hefty investments to boost its worldwide sales and saddled with more than $10 billion in debt.

  • DETROIT, Oct 28- AutoNation Inc shares on Tuesday jumped nearly 7 percent after the company exceeded Wall Street expectations with a 15 percent increase in third-quarter earnings and its chief executive said U.S. auto sales will continue to rise in 2015.. Standard and Poor's on Tuesday raised AutoNation stock to "buy" from "hold" and increased its 12- month target...

  • DETROIT, Oct 28- AutoNation Inc, the largest U.S. auto retail group, has stopped selling cars equipped with Takata Corp air bags involved in a massive global recall involving more than 16 million vehicles, Chief Executive Mike Jackson said on Tuesday. While AutoNation is the largest U.S. automotive dealer group, it currently has fewer than 400 used cars equipped...

  • General Motors to launch Volt 2.0 in 2015 Tuesday, 28 Oct 2014 | 1:25 PM ET
    Chevy Volt.

    Despite lackluster sales, General Motors is not backing down from its commitment to the Chevy Volt.

  • DETROIT, Oct 28- U.S. auto sales will rise above 17 million vehicles next year for only the third time in history, AutoNation Inc Chief Executive Mike Jackson said on Tuesday. Earlier on Tuesday, AutoNation posted quarterly earnings that beat Wall Street expectations by 4 cents a share. Shares of the largest U.S. auto dealer group were up 5.4 percent at $54.81.

  • Oct 28- Satellite radio service Sirius XM Holdings Inc reported a better-than-expected 9.9 percent rise in quarterly revenue as strong U.S. auto sales drove a jump in paying subscribers, sending the company's shares up as much 3.3 percent premarket. The New York- based company said subscriber acquisition costs to install car radios fell to $35 in the quarter...

  • Tesla's Musk shoots down 'incorrect' sales report Tuesday, 28 Oct 2014 | 7:54 AM ET
    Tesla Motors CEO Elon Musk.

    Tesla's CEO Elon Musk took to Twitter to shoot down a Wall Street Journal article, calling the sales figures quoted in the article "incorrect."

  • Sirius XM revenue rises 9.9 pct on U.S. auto sales Tuesday, 28 Oct 2014 | 7:08 AM ET

    Oct 28- Satellite radio service Sirius XM Holdings Inc reported a 9.9 percent rise in quarterly revenue and net income more than doubled as strong U.S. auto sales drove a jump in paying subscribers. Net income more than doubled to $136.2 million, or 2 cents per share, for the quarter ended Sept. 30, from $62.89 million, or 1 cent per share, a year earlier.

  • Tesla announces happiness guarantee  Monday, 27 Oct 2014 | 11:54 AM ET

    CNBC's Phil LeBeau reports Tesla has begun offering a "happiness guarantee" in which leasing customers of the Model S can return the car within 3 months if they're not happy.

  • DETROIT, Oct 27- J.D. Power& Associates and LMC Automotive on Monday forecast that U.S. new vehicle sales for October would show a rise of 6 percent from a year ago to 1.27 million vehicles, which translates to an annualized selling rate of 16.3 million vehicles. This would be the highest level of new vehicle sales for October since 2004, the industry consultancies...

  • Ford tries to jolt electric cars with big discount Sunday, 26 Oct 2014 | 11:02 AM ET
    The Ford Focus electric.

    With gas prices down, analysts say it will be even more difficult to persuade buyers to opt for vehicles that plug in rather than tank up.

  • NHTSA apologizes for botched air bag warnings Thursday, 23 Oct 2014 | 11:51 AM ET
    David Friedman, National Highway Traffic Safety Administration

    David Friedman said the agency "greatly" regrets that the information provided in its initial advisory was inaccurate.

  • Bungled air bag alerts leave car owners scrambling Wednesday, 22 Oct 2014 | 4:06 PM ET
    The Takata Corp. logo is displayed outside the company's headquarters in Tokyo.

    A NHTSA spokesperson said a further increase could follow in its massive air bag recall, noting, "The agency has an open investigation going."

  • A 5th US state bans direct Tesla car sales Wednesday, 22 Oct 2014 | 6:53 AM ET
    Michigan Gov. Rick Snyder

    Michigan Governor Rick Snyder signed a bill that will keep electric carmaker Tesla Motors from selling its cars directly to consumers in the state.

  • DETROIT, Oct 21- Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors Inc from selling its cars directly to consumers in the state, home to the biggest U.S. automakers. Michigan becomes the fifth U.S. state to keep Tesla from easily selling cars directly to consumers, joining Texas, New Jersey, Arizona and Maryland,...

  • GM asks Michigan governor to sign 'anti-Tesla' bill Tuesday, 21 Oct 2014 | 1:28 PM ET
    People walk past a Tesla motor company dealership.

    General Motors is calling for Governor Rick Snyder to sign legislation that would ban the direct sale of automobiles in Michigan.

  • Oct 21- U.S. auto dealer Asbury Automotive Group Inc's quarterly profit jumped 43 percent as easier credit for customers helped the company sell more imported cars. Asbury sells new and used cars made by BMW, Mercedes-Benz, Lexus, Honda Motor Co, Nissan Motor Co Ltd and Toyota Motor Corp, among others. Asbury's net profit rose to $32.5 million, or $1.08 per share, in the...

  • Asbury Automotive profit jumps 43 pct Tuesday, 21 Oct 2014 | 6:53 AM ET

    Oct 21- U.S. auto dealer Asbury Automotive Group Inc reported a 43 percent jump in quarterly profit as it sold more vehicles amid easier availability of credit. Net profit rose to $32.5 million, or $1.08 per share, in the third quarter ended Sept. 30 from $22.7 million, or 73 cents per share, a year earlier. Revenue rose 8 percent to $1.51 billion.

  • Toyota retools the 'plain vanilla' Camry Monday, 20 Oct 2014 | 2:45 PM ET
    2015 Camry

    Toyota delivered a surprise when it announced plans to give the 2015 Camry an extensive update, showing off its more sculpted and tech-savvy look.