A NHTSA spokesperson said a further increase could follow in its massive air bag recall, noting, "The agency has an open investigation going."» Read More
The supercar manufacturer advised the National Highway Traffic Safety Administration it plans to recall just one single vehicle. NBCNews reports.
Strong demand in Ontario and parts of western Canada drove industry sales of 171,560 new vehicles in the month of August, up from 159,004 a year ago, said Dennis DesRosiers of DesRosiers Automotive Consultants.
Gentherm makes heated seats and more for Ford, Hyundai and Volkswagen. Dan Coker, Gentherm CEO, explains the company's new device to convert gas engine heat into electrical power. The "Fast Money" crew trades the stock.
WASHINGTON, Sept 3- New orders for U.S. factory goods posted a record gain in July and auto sales last month appeared to increase at their fastest annualized pace since early 2006, offering further bullish signals for the economy. "U.S. economic activity continues to improve," said Jennifer Lee, a senior economist at BMO Capital Markets in Toronto.
TORONTO, Sept 3- Ford Motor Co of Canada Ltd said on Wednesday that it was the country's top seller of new vehicles in the month of August, as sturdy truck demand helped it maintain leadership for a fifth consecutive month. Truck sales rose 33.3 percent, to 24,302 vehicles, while car sales dropped 31.8 percent to 2,523, said Chrysler, a unit of Fiat SpA.
Auto sales have been better than expected. CNBC's Phil LeBeau discusses if they will continue to be a bright spot.
CNBC's Steve Liesman reports the headlines out of the Federal Reserve's Beige Book.
TORONTO, Sept 3- Ford Motor Co of Canada Ltd said on Wednesday that it was the country's top seller of new vehicles in the month of August, as sturdy truck demand helped it maintain leadership for a fifth consecutive month. Honda Canada reported a 44 percent jump in August sales of its Honda and Acura brands, to 13,663 vehicles.
General Motors Co narrowly missed expectations, but held on to the top spot, while Toyota Motor Corp edged Ford Motor Co for the second straight month. The lowest gasoline prices in four years helped GM and Chrysler Group, a unit of Fiat SpA, achieve double-digit gains in sales of full-size pickups, which provide the bulk of profit.
Leasing a car, which has long been popular in select markets, has now become the primary choice for millions of Americans who want to drive a new vehicle.
WASHINGTON, Sept 3- New orders for U.S. factory goods jumped in July and automobile sales in August were unexpectedly strong, offering further signs of strength in the manufacturing sector. The Commerce Department said on Wednesday new orders for manufactured goods increased a record 10.5 percent on robust demand for transportation equipment.
August auto sales were unexpectedly strong, led by Ford Motor Co, Chrysler Group and Nissan Motor Co, which easily beat analysts' estimates as the industry is seen reaching volumes not seen since before the recession. Ford sales were up 0.4 percent, while Chrysler, a unit of Fiat SpA, showed a 20 percent gain, the automakers reported on Wednesday.
According to a recent survey, women are becoming more accustomed to rolling up their sleeves to try to get the best deal on a new car.
More than 30,000 Americans are killed in highway crashes each year, but experts believe that death toll could sink to zero.
DETROIT, Aug 29- U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years in the rear-view mirror.
Ford's Mustang is turning 50 this year and going global for the first time. Ford President of the Americas Joe Hinrichs, discusses the success of Ford's iconic brand, and the 2015 Mustang.
Auto dealers are riding a used car bull market that has steadily driven the number of pre-owned cars sold to an expected total of 41.5 million.
The rise in borrowers falling behind on auto loans will renew concerns the auto industry is creating a bubble for subprime loans.
CNBC's Phil LeBeau looks at how autonomous vehicles will change the way we look at transportation.
Used car prices are tumbling sharply and likely to slide through 2016, according to pricing trends.