Despite the improving backdrop for Europe's auto industry, manufacturers are keeping an eye on the uncertainty in Russia» Read More
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."
Michigan Governor Rick Snyder signed a bill that will keep electric carmaker Tesla Motors from selling its cars directly to consumers in the state.
DETROIT, Oct 21- Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors Inc from selling its cars directly to consumers in the state, home to the biggest U.S. automakers. Michigan becomes the fifth U.S. state to keep Tesla from easily selling cars directly to consumers, joining Texas, New Jersey, Arizona and Maryland,...
General Motors is calling for Governor Rick Snyder to sign legislation that would ban the direct sale of automobiles in Michigan.
Oct 21- U.S. auto dealer Asbury Automotive Group Inc's quarterly profit jumped 43 percent as easier credit for customers helped the company sell more imported cars. Asbury sells new and used cars made by BMW, Mercedes-Benz, Lexus, Honda Motor Co, Nissan Motor Co Ltd and Toyota Motor Corp, among others. Asbury's net profit rose to $32.5 million, or $1.08 per share, in the...
Oct 21- U.S. auto dealer Asbury Automotive Group Inc reported a 43 percent jump in quarterly profit as it sold more vehicles amid easier availability of credit. Net profit rose to $32.5 million, or $1.08 per share, in the third quarter ended Sept. 30 from $22.7 million, or 73 cents per share, a year earlier. Revenue rose 8 percent to $1.51 billion.
Toyota delivered a surprise when it announced plans to give the 2015 Camry an extensive update, showing off its more sculpted and tech-savvy look.
The National Highway Traffic Safety Administration is warning owners of approximately 3.75 million vehicles about potentially faulty airbags. CNBC's Phil LeBeau has the details.
"I am not losing anything by putting on gloves and a mask. It is just an extra precaution," one man said.
J.D. Power and Associates says that sales of new cars and trucks at U.S. auto dealerships will climb to 13.83 million in 2015.
DETROIT, Oct 15- General Motors Co's global sales rose 2 percent in the third quarter, driven by strong demand in the two largest auto markets in the world, China and the United States. Japan's Toyota Motor Corp will report third-quarter sales on Nov. 5. Those results helped offset declines in South America, Europe and its international operations in Asia excluding...
WASHINGTON, Oct 15- U.S. retail sales declined in September even when factoring out weakness at auto dealers and gasoline stations, providing a surprisingly cautionary sign for the strength of consumer demand. Total retail sales dropped 0.3 percent during the month, the Commerce Department said on Wednesday. Drops in receipts at gasoline stations and auto...
A new study says millions others cannot afford to buy the average used vehicle in their city.
CNBC's Phil LeBeau discusses Fiat Chrysler's plans for growth and expansion.
CNBC's Jane Wells reports shares of Tesla are down today despite a slick rollout of its dual motor Model S.