SAO PAULO, Dec 5- Production and sales of motor vehicles in Brazil fell in November as weaker demand and high inventories kept pressure on the local auto industry. Stagnant demand for cars despite heavy tax incentives from President Dilma Rousseff underscored expectations that sales in Brazil will contract this year for the first time in a decade.» Read More
Figures on Tuesday from the Association of European Carmakers showed Germany, France and Italy, accounting for about half of the embattled region's sales, suffered declines at or near double-digit percentage levels.
Hurricane Sandy and the economic recovery may have raised repair costs in the Northeast, but drivers there are often close to cheaper ones.
Elon Musk, CEO of Tesla Motors, criticized the traditional way of selling cars in the US and indicated the model would hamper the 10-year-old U.S. automaker's growth prospects.
Peer-to-peer car sharing is only a few years old and as this new business model expands, it's running into a few roadblocks. Some states are asking questions about liability issues.
Cyclicals stocks have outperformed defensives recently as investors bet the U.S. economy is on firmer footing. The coming week could be a test.
The Raechel and Jacqueline Houck Safe Rental Car Act of 2013 would ban companies from renting a recalled vehicle until the safety hazard is fixed.
Diarmuid O'Connell, Tesla vice president; and Robert Glaser, North Carolina Automobile Dealers Association president, debate whether the automaker should be able to sell directly to consumers.
One month after rolling out a lease-to-own financing program that generated plenty of attention and bad reviews, Tesla is changing its financing program to be more buyer-friendly.
Ford, GM, Chrysler and Nissan reported double-digit U.S. sales gains last month, signaling the best April for car and truck sales in six years.
Once touted as a gimmick, hybrid hypercars are now speeding into action at the Shanghai Auto Show.
While "green car" buying set an all-time record for sales in 2012, demand for cars like the popular Toyota Prius continues to lag proponents' expectations.
Here are the some of the show stoppers at the Auto Shanghai Summit, together with highly anticipated models scheduled to be released soon in this red-hot market.
Auto sales are expected to be in the range of 15 million and 15.5 million units this year, General MotorsCEO Daniel Akerson told CNBC.
Tesla Motors launched a leasing program for the Model S electric car, partnering with Wells Fargo and US Bank.
Subaru and General Motors are recalling cars to check for corroded brake lines and problems with heated steering wheels, officials said.
March auto sales gave the latest indication the steady growth of the American economy is prompting more buyers to go back into showrooms for a new car, truck, or utility vehicle.
Major automakers posted strong monthly U.S. car sales last month, helped by growing confidence in the recovery and demand for pickup trucks and sport utility vehicles.
Muscle cars like the new 2014 Chevrolet Camaro Z28—capable of producing 550 horsepower—battled for supremacy in an increasingly competitive category and drew some of the largest crowds to this year's annual New York International Auto Show. NBC News reports.
Tesla Motors said it expects to report a first-quarter profit on both a net and adjusted basis following stronger-than-expected sales of its Model S sedan, sending its shares up nearly.
Jonathan Browning, Volkswagen of America CEO, shares insight on the company's plans for diesel vehicles, including sport wagons.