Scott Wine, Polaris chairman and CEO, weighs in on its revival of the legendary Indian Motorcycle. We are giving back to the heritage of original bikes, he says.» Read More
SAO PAULO, Aug 1- The pace of new vehicle sales in Brazil slipped in July, a market source with access to registration data said on Thursday, suggesting weaker consumer confidence has begun to catch up with the world's fourth-biggest auto market.
James Albertine, analyst at Stifel Nicolaus, and Charles Dumas, chief economist and director at Lombard Street Research, say the auto industry's healthy sales in June are likely to continue into July.
DETROIT, July 31- Long Island car dealer Gary Brown is enjoying the summer heat brought on by U.S. consumers' increasing demand for new cars and trucks, and like the rest of the industry, expects sales in July will continue the trend. "We're still on fire," the owner of Brown's Jeep Chrysler in Patchogue, New York, said. "
A top consumer group blasted insurance companies that use education and occupation to set rates for auto coverage, calling it "unfair and discriminatory."
General Motors CFO Daniel Ammann talks to CNBC's Phil LeBeau about the company's earnings beat and how GM is progressing in Europe, led by cost control and new products.
DETROIT, July 19- The U.S. auto industry is poised for a robust second half of the year with sales nearing levels recorded before the 2008-2009 economic downturn, influential industry analysts J.D. Power& Associates and LMC Automotive said on Friday.
DETROIT, July 18- AutoNation Inc, the largest U.S. auto dealer group, reported a higher second-quarter profit on Thursday as new-vehicle sales jumped 11 percent, and reaffirmed its outlook for industry new-vehicle sales this year.
DETROIT, July 18- AutoNation Inc, the largest U.S. auto dealer group, posted a higher second-quarter profit on Thursday as new-vehicle sales jumped 11 percent. AutoNation's net income rose 14.4 percent to $89.9 million, or 73 cents a share, from $78.6 million, or 64 cents a share, a year earlier.
*BMW CEO sees no sign of recovery until well into 2014. Italy's Fiat saw the biggest drop in sales among major manufacturers last month, suffering a 13.6 percent slide, followed by a 10.9 percent fall at France's Peugeot, while Ford bucked the trend with a 6.9 percent rise.
Nissan's move to drop its brand name in the cheaper car segment is garnering mixed reaction from analysts who say the carmaker could lose buyers with the unfamiliar 'Datsun' label.
Costco Wholesale reported June same-store sales that beat analysts' estimates, while L Brands sales came in lower than expected.
DETROIT, July 10- Ford Motor Co. will reduce the price of its 2014 Focus Electric compact car by 10 percent, the latest in a series of price cuts by major automakers on their battery-powered cars. The 2014 Focus Electric, which will reach dealerships in the next few weeks, will have a starting price of $35,200, Ford spokeswoman Amanda Zusman said.
July 9- Sirius XM Radio Inc said Tuesday that the number of people paying for its radio service rose to 25 million in the second quarter, helped by strong auto sales, and it raised its subscriber expectations for the year.
GM, Ford, Toyota results blow past expectations. DETROIT, July 2- Sales of brawny pickup trucks fueled strong demand for new vehicles in the United States in June, driving the industry toward its strongest month since late 2007, before the financial crisis that drove General Motors Co and Chrysler into bankruptcy.
*Brazil is world's No. 4 car market. SAO PAULO, July 2- Sales of new passenger vehicles in Brazil are likely to increase by 3.3 percent this year, national dealership group Fenabrave said on Tuesday, raising its growth forecast from a prior 2.6 percent after a solid first half of 2013..
*GM, Ford, Nissan results stronger than expected. DETROIT, July 2- Sales of big, brawny pickup trucks fueled strong demand for new vehicles in the United States in June, driving the industry toward its strongest month since before the recession that drove General Motors Co and Chrysler into bankruptcy.
DETROIT, July 2- Ford Motor Co said that the overall U.S. auto industry will report its best monthly sales rate since December 2007, at a little over 16 million vehicles on an annualized basis. Ford said total vehicle sales in the auto industry in June would be near 1.43 million, including medium and heavy trucks.
*Italy June car sales down 5.5 pct vs 8 pct fall in May. *Italy car orders up 7 pct in June. In Italy, Europe's fourth-largest car market, June sales fell 5.5 percent on the year compared with the 8 percent plunge seen a month earlier, while in Spain they fell 0.7 percent versus May's 2.6 percent drop.
GM surged to the top of the charts in the 2013 J.D. Power Initial Quality Survey, the most influential measure of vehicle quality during the first months off the showroom lot.
About 1.2 million Jeeps originally listed as part of a recall have been excluded from the compromise between Chrysler and the NHTSA, and instead fall under a "service action."