BEIJING— Ford Motor Co. said Thursday it will sell high-end Lincoln cars in China for the first time later this year when it opens eight dealerships in seven cities. Lincoln is a late comer to China's luxury car market, but Robert Parker, president of Lincoln China, said the brand is being introduced here after much deliberation and research.» Read More
Nearly 9 in 10 American adults say they would be worried about riding in a driverless car, according to a new study.
BEIJING, Feb 7- Toyota Motor Corp and its two local joint-venture partners sold about 85,600 automobiles in China in January, up 18.1 percent from a year earlier, the Japanese automaker said on Friday.
CNBC's Phil LeBeau and Karl Bauer, senior analyst at Kelley Blue Book, discuss the outlook for GM, which Bauer says has great products and is doing well in the U.S.
CNBC's Phil LeBeau looks into the causes behind GM's big fourth-quarter earnings miss.
General Motors missed quarterly earnings pushing the stock down sharply. CNBC's Phil LeBeau breaks down the numbers.
Karl Bauer, Auto Analyst at Kelley Blue Book, tells CNBC's Cash Flow why he likes Toyota Motor.
Mazda and Subaru have long been known as the "Steady Eddys" in the U.S. market, but they're starting to get the attention they deserve.
Feb 4- U.S. auto dealer Asbury Automotive Group Inc posted a better-than-expected quarterly profit as easier availability of loans amid an improving economy encouraged more people to buy cars.
*Germany has 3rd monthly sales gain in past 4 months. BERLIN, Feb 4- New car sales in Germany posted their highest gain in more than two years in January, reinforcing signs that Europe's auto market may turn the corner in 2014 after a six-year slump.
Explaining how the Japanese yen helped boost Toyota's Q3 earnings, with CNBC's Phil LeBeau.
Feb 4- U.S. auto dealer Asbury Automotive Group Inc posted a better-than-expected quarterly profit as an improving economy and easier availability of loans encouraged more Americans to buy cars. Asbury, which gets most of its revenue from sales of luxury cars made by BMW, Mercedes-Benz, Honda and Nissan, said it sold 10 percent more new cars in the fourth quarter.
Feb 4- U.S. auto dealer Asbury Automotive Group Inc posted an 18 percent rise in quarterly profit due to higher sales of both new and used vehicles. Net income rose to $26.9 million, or 87 cents per share, in the fourth quarter, from $22.8 million, or 73 cents per share, a year earlier. Asbury earned 88 cents per share from continuing operations in the quarter ended Dec. 31.
HAMBURG/ BERLIN, Feb 4- New car sales in Germany rose more than 6 percent in January, a person familiar with the matter told Reuters on Tuesday, adding to signs that Europe's auto market may turn a corner in 2014 after a six-year slump.
As automakers reported weak January sales, there was a welcome and healthy reaction from dealers, auto company executives and those following the industry.
TORONTO, Feb 3- Canadian auto sales nudged just 0.3 percent higher in January, as imports outsold Detroit Three vehicles, but bad winter weather and a big December sales push likely skewed the results, an independent auto industry expert said on Monday.
"Car Coach" automotive expert Lauren Fix and CNBC's Phil LeBeau discuss what may have caused lower auto sales in January.
CNBC's Phil LeBeau reports that 15.24 million vehicles were sold in January—far fewer than expected.
U.S. automakers Ford Motor Co and General Motors Co as well as Japan's Toyota Motor Sales USA and American Honda Motor Co saw auto sales plummet in January, missing analysts' estimates for the month.
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.