With increases in production at U.S. auto plants, Americans are on track to buy a record number of new vehicles next year or by 2016.» Read More
Alec Gutierrez, Senior Market Analyst, Automotive Insights at Kelley Blue Book said low rates and enticing lease offers have helped to get consumers back into auto showrooms.
Automaker Fiat reached a deal to buy shares of Chrysler it didn't already own, and Evercore raised its price target on Twitter. The FMHR traders share their strategies to playing the stocks.
Fiat has gained control of Chrysler by purchasing the remaining stake for over $4 billion. CNBC's Phil LeBeau reports Fiat shares post their biggest one day gain since April of 2009.
Fiat has officially gained full control of Chrysler after purchasing the remaining stake for over $4 billion. CNBC's Phil LeBeau reports.
CNBC's Phil LeBeau reports on the deal between Fiat and Chrysler and says it is the "best outcome" for all the parties involved but highlights that Chrysler's "regional auto-maker" status will be a challenge.
Sales are expected to be up at least 4 percent year over year, with the industry anticipating all-time record spending on new vehicles.
Tim Kuniskis, Dodge president and CEO, discusses the success of the Ron Burgundy ad campaign and what risks where involved when deciding to tap the fictional news anchor to be the face of Dodge. "The real success has been the entertainment of the spots," Kuniskis says.
A look at the EPA's initial estimates for the most fuel-efficient automakers in 2013.
Because of a surge in business from Black Friday, the auto industry posted its best monthly sales since February 2007.
Still considered America's richest union, it has had troubles in recent years, including slumping membership and stalled organizing efforts.
If Chrysler goes public, it will most likely take place in Q1, reports CNBC's Phil LeBeau.
CNBC's Phil LeBeau says the Chrysler board is holding off on an IPO prior to the end of 2013.
Chrysler Group LLC said on Friday it is recalling 1.2 million Ram pickup trucks to check for a defect that could cause loss of steering.
"We think we're seeing some early signs of a bubble," Adam Jonas of Morgan Stanley says.
September auto-sales figures raise interesting questions about the battle for market share. Can Ford catch GM and become the No. 1 automaker in America?
Toyota is recalling about 694,000 Sienna minivans in North America due to a shift lever problem.
GM's CEO, Dan Akerson, told an automotive conference in Detroit that a female executive taking over a Big Three automaker was inevitable.
Toyota, the world's largest automaker, is increasing the number of vehicles it will build in the U.S. and export to other countries.
The automaker has filed paperwork for an initial public offering of up to $100 million, reports CNBC's Phil LeBeau.
CNBC's Mary Thompson reports Chrysler is going public again. Also, is the economy ready for the Fed to taper its bond purchases? David Malpass, Encima Global president, and Jim Pethokoukis, American Enterprise Institute, share their opinions.