BERLIN, March 13- German carmaker Volkswagen expects to sell more than 10 million vehicles across its multi-brand group this year, aiming to hit a long-running target four years earlier than previously planned.» Read More
CNBC's Phil LeBeau reports automakers are blaming January storms for slow sales. The FMHR traders take their positions in some transportation names.
DETROIT, Feb 3- The top three U.S. sellers blamed extreme weather for poorer-than-expected auto sales in January, as analysts predicted a rebound in February and March. U.S. automakers Ford Motor Co and General Motors Co and Japan's Toyota Motor Sales USA saw January auto sales plummet, missing analysts' estimates for the month.
CNBC's Phil LeBeau reports the Federal government is eventually going to make it mandatory for all vehicles to be able to communicate with other vehicles.
TORONTO, Feb 3- Chrysler Canada said on Monday that its Canadian vehicle sales rose 4 percent in January from a year earlier, buoyed by demand for both trucks and cars. The Chrysler Group company, a unit of Fiat Chrysler Automobiles, said total sales rose to 17,698 from 17,013 vehicles in the same period last year.
DETROIT, Feb 3- U.S. automakers Ford Motor Co and General Motors Co saw January auto sales plummet, missing analysts' estimates for the month.
CNBC's Phil LeBeau reports on the decline in January auto sales for Toyota was largely due to bad weather conditions.
PARIS/ BERLIN, Feb 3- Car sales in France and Spain rose for the fifth straight month in January, suggesting the recovery in Europe's autos market is strengthening following a six-year slump.
Depending upon the month and the state, insurance rates can vary by nearly 50 percent, according to a new report.
DETROIT, Jan 31- Snow and bone-chilling weather likely hurt U.S. auto sales in January but should not prevent the industry from continuing its rebound, analysts said. However, the inclement weather led Buckingham Research analyst Joseph Amaturo to predict a rate of 15.3 million vehicles.
*Expects 2014 adj earnings $4.16/ share vs prev forecast of $3.85. Jan 30- Harman International Industries Inc raised its full-year forecast after reporting a 53 percent jump in quarterly profit as a recovering European automobile industry increased demand for its audio systems.
A team of employees from Tesla are racing from Los Angeles to New York City in a pair of Model S sedans in hopes of setting a Guinness World Record.
Jan 30- AutoNation Inc, the largest U.S. automobile dealer group, sped by Wall Street's quarterly earnings expectations on robust sales of luxury cars like Mercedes-Benz and BMW, and its shares rose as high as 6.4 percent.
Jan 30- AutoNation Inc, the largest U.S. automobile dealer group, sped by Wall Street earnings expectations on Thursday on robust sales of luxury cars like Mercedes-Benz and BMW.
Ford Motor president of Americas Joe Hinrichs discusses its new F-Series truck, as well as inventory cuts. "We increase inventory in the Winter, and bring it down in Spring and Summer," he says.
Jan 30- AutoNation Inc, the largest U.S. automobile dealer group, sped by Wall Street earnings expectations on Thursday on robust sales of luxury cars like Mercedes-Benz and BMW. AutoNation showed net income of $109.4 million, or 89 cents per share, in the fourth quarter, versus $83.2 million, or 67 cents per share a year ago.
AutoNation Chairman and CEO Mike Jackson says a revenue increase year-over-year of 12 percent in 2013 made it "a perfect year," and expects to break through 16 million units in 2014. He discusses inventory in the industry.
BRUSSELS, Jan 28- Europe is set to end six years of falling auto sales in 2014 with a 2 percent increase in passenger car registrations, the Association of European Carmakers said on Tuesday. New car registrations in the European Union fell 1.7 percent last year to 11.85 million, the lowest level since 1995, when the EU had only 15 countries compared with 28 now.
CNBC's Phil LeBeau looks at the impact of car congestion and what some cities are doing to combat it. It's a tricky problem for automakers, says LeBeau, but congestion means they'll have to develop smaller vehicles.
The idea of banning, or at least reducing, the use of automobiles in city centers has become an increasingly hot topic among urban planners.
Not only is credit more available, the rates on used vehicle loans is expected to stay at a reasonable level.