INGOLSTADT, Germany, Jan 30- German luxury carmaker Audi could reach its goal of 2 million sales a year before its 2020 target, helped by revamped models and new sport-utility vehicles, its chief executive told Reuters. Rupert Stadler said demand in Europe, where Audi sold 44 percent of its cars last year, was stable, while he was upbeat about prospects for China,...» Read More
CNBC's Phil LeBeau takes a close look at the October performance of U.S. auto makers.
DETROIT, Nov 3- Automakers reported their strongest U.S. October sales in years on Monday, but top-seller General Motors Co missed expectations. Ford Motor Co said utility vehicles and trucks accounted for 72 percent of its sales, up from 68.5 percent a year ago.
Toyota auto sales increased 6.9% in October beating estimates of 6.1%, reports CNBC's Phil LeBeau.
DETROIT, Nov 3- U.S. automakers reported their strongest October sales in years on Monday, but top-seller General Motors Co missed expectations. Nissan Motor Co and Honda Motor Co each reported robust sales of their crossover models and record October U.S. sales for their core brands. Chrysler Group and its Ram brand took advantage as Ford Motor Co has lowered...
France has lagged behind Europe's fragile auto market recovery following a brutal six-year slump that ended in 2013. French car sales for the first 10 months of this year are up just 1.4 percent, and Roudier said the CCFA's 2 percent full-year growth forecast would be reviewed in coming weeks. The domestic auto market leaders, Renault and PSA Peugeot Citroen,...
Critics of geographic recalls say they are irresponsible and ignore many realities of the marketplace, including the mobility of drivers.
As awkward moments go during the celebrations of sports championships, the "Chevy Guy" presenting the World Series MVP with a truck is up there.
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...
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 CEO Elon Musk took to Twitter to shoot down a Wall Street Journal article, calling the sales figures quoted in the article "incorrect."
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.
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...
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.
David Friedman said the agency "greatly" regrets that the information provided in its initial advisory was inaccurate.
A NHTSA spokesperson said a further increase could follow in its massive air bag recall, noting, "The agency has an open investigation going."