NEW YORK— Fresh off buying the nation's fourth-largest chain of car dealers, billionaire investor Warren Buffett says he expects to buy more dealerships even as a robust auto market makes showrooms more expensive. Sitting on a panel at the NADA/ J.D. Power Automotive Forum Tuesday, Buffett said he doesn't worry about overpaying for a dealer.» Read More
MOSCOW, Jan 15- New car sales in Russia will drop 24.2 percent this year after falling more than 10 percent in 2014, the Association of European Businesses lobby group said on Thursday, as the country's economy heads for recession. Car sales have fallen victim to Russia's weak economy, hit by Western sanctions imposed on Russia over the Ukraine crisis and low oil...
MOSCOW, Jan 15- New car sales in Russia fell 10.3 percent in 2014, year-on-year, the Association of European Businesses lobby group said on Thursday, forecasting a sharp drop this year as the economy heads for recession. Car sales have fallen victim to Russia's weak economy, hit by Western sanctions imposed on Russia over the Ukraine crisis, and people have...
*Sales of Peugeot branded cars up 43.1 pct in China. *Analysts say VW, Peugeot could be beneficiaries of China sales. PSA said China became its largest market, reaching 734,000 vehicles in 2014, or 25 percent of overall deliveries, thanks to the addition of 100 dealership networks and as customers snapped up midsized crossover vehicles like the Peugeot 3008..
*Sales of Peugeot branded cars up 43.1 pct in China. PSA said China became its largest market, reaching 734,000 vehicles in 2014, thanks to the addition of 100 dealership networks and as customers snapped up midsized crossover vehicles like the Peugeot 3008.. BMW sales in mainland China grew by 16.7 percent last year, with a total of 455,979 BMW and Mini vehicles...
Karl Brauer, Senior Analyst at Kelley Blue Book, discusses the demand for electric cars, like General Motors' "Bolt" that is priced at $30,000, as prices of crude oil continue to fall.
Customers are not resisting Ford's aluminum-bodied F-series, and the trucks are the fastest-turning vehicles on its lots, the company's CEO, Mark Fields, said.
Dieter Zetsche Daimler AG chairman discusses the burgeoning luxury SUVs marketplace, with CNBC's Phil LeBeau.
Ford's F-150 won truck of the year honors at the Detroit Auto Show. Mark Fields, Ford Motor CEO, discusses the success of its F-Series and the future of autonomous vehicles.
Jim Lentz, Toyota North America CEO, unveils a new Tacoma at the Detroit Auto Show and discusses the impact of falling gas prices on Prius sales, with CNBC's Phl LeBeau.
Not since the late 90's has the North American International Auto Show buzzed with the kind of optimism industry leaders are showing in Detroit.
Mary Barra, in describing 2014, told reporters: "I didn't expect it to unfold like it did. It was clearly a tragedy and troubling."
GM CEO Mary Barra provided her forecast for the auto industry this year. CNBC's Phil LeBeau reports the details.
CNBC's Phil LeBeau runs through the technology and features of the Mercedes-Benz F015 autonomous vehicle.
CNBC's Phil LeBeau speaks to Mark Fields, Ford Motor Company CEO, about the vision for the future of driving and fully autonomous vehicles.
Mercedes-Benz unveiled the all-electric, fully autonomous-drive F 015 Luxury in Motion vehicle at the Consumer Electronics Show.
DETROIT, Jan 5- BMW on Monday regained bragging rights as the top-selling luxury brand in the United States, ending the one-year reign of German rival Mercedes. BMW ended with a lead last year of more than 9,000 vehicles over Mercedes-Benz, which in 2013 seized a title BMW had held for the previous two years. Last year, Mercedes-Benz outsold BMW by about 3,000...
DETROIT, Jan 5- Automakers reported strong December U.S. sales on Monday, boosted by falling gasoline prices, but industry executives and analysts cautioned that growth would slow in 2015 after five years of rapid recovery from the recession. "U.S. auto sales are dancing to a very different beat," Morgan Stanley analyst Adam Jonas said in a research note.