David Friedman said the agency "greatly" regrets that the information provided in its initial advisory was inaccurate.» Read More
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.
BEIJING— Growth in China's car sales slowed again in September while the country's own auto brands increased their market share slightly. Global automakers are looking to China to drive global sales but growth has slowed steadily from May's rate of 13.9 percent as the world's second largest economy cools. The China Association of Automobile Manufacturers...
CNBC's Jane Wells reports shares of Tesla are down today despite a slick rollout of its dual motor Model S.
Discussing how competitors and investors view Tesla innovation after it unveiled its new "D" version of the model "S", with Adam Jonas, Morgan Stanley auto analyst.
The "Squawk on the Street" news team discusses Tesla's unveil of an all-wheel drive version of its "S" model sedan.
CNBC's Jane Wells reports Tesla's "D" stands for its dual engine all-wheel drive Model S. Tesla CEO Elon Musk said "this car is nuts."
BMW outsold German rivals Audi and Mercedes-Benz in September thanks to strong demand in Europe.
Discussing whether investors should buy into the hype around Tesla's new product upgrades, with Colin Rusch, Northland Capital Markets.
Tesla CEO turned a product upgrade announcement into a major media event, building anticipation over the week by dropping a few clues on social media.
A new study raises questions about the dangers facing drivers using hands-free, voice-activated systems.