General Motors is dropping Chevy as its No. 1 brand for mass-market vehicles in Europe and is making Opel its primary mainstream line.» Read More
PARIS, Dec 4- The rush to Paris's Charles-de-Gaulle airport for flights to China began on Friday, Oct. 11. "There's a big exodus to China right now," a bemused trade unionist at the Paris- based company told Reuters that weekend. It has survived two world wars and become an emblem of France.
TORONTO, Dec 3- Ford Motor Co's Canadian arm maintained its spot as the country's best selling brand, data released on Tuesday showed, as growing demand for trucks helped power a sixth consecutive monthly record for Canadian vehicle sales in November.
Because of a surge in business from Black Friday, the auto industry posted its best monthly sales since February 2007.
*Amazon shares drop, with holiday shopping in focus. *Yum Brands stock falls after company says Nov China sales flat. Amazon.com Inc slipped 2 percent to $384.66 and was one of the biggest drags on the S&P 500. The S&P retail index shed 0.8 percent after the holiday shopping season got off to a tepid start.
U.S. stocks pulled lower on Tuesday, with the S&P 500 and the Dow Jones Industrial Average extending losses into a third session.
TORONTO, Dec 3- Ford Motor Co's Canadian arm sold more than all other carmakers in Canada in November helped in part by strong sales in the Fusion, according to auto sales data released on Tuesday. However, in terms of sales growth, Chrysler Canada sales rose almost 13 percent year-over-year in November outpacing all of its Detroit competitors.
BOSTON, Dec 3- A U.S. senator has asked 20 of the world's biggest automakers for information on how they secure their vehicles from cyber attacks, in light of reports by security experts who say they have identified ways to hack into cars.
*Tesla's stock jumps after Morgan Stanley names it a top pick. *Amazon.com shares down, with holiday shopping in focus. Shares of Ford Motor declined 3 percent to $16.54 while shares of General Motors were down 2.7 percent at $38.04 even as November auto sales for most companies exceeded expectations.
Still considered America's richest union, it has had troubles in recent years, including slumping membership and stalled organizing efforts.
Tuesday's midday movers:
GM's sales are up 14 percent from this time last year. "Fast Money" traders Joe Terranova and Pete Najarian debate if there is any reason not to buy General Motors. Pete Najarian believes the auto maker will lose market share in China, and U.S. production needs to step up.
DETROIT, Dec 3- Aggressive discounting and the continued popularity of big pickup trucks helped propel November vehicle sales well past expectations, with the three Detroit automakers and two of Japan's top three reporting year-to-year increases on Tuesday.
Pickup trucks continued to drive a resurgence in auto sales in November as the Big Three Detroit automakers all exceeded analysts' expectations.
DETROIT, Dec 3- Pickup trucks continued to drive a resurgence in U.S. vehicle sales in November as the Big Three Detroit automakers all exceeded analysts' expectations.
CNBC's Phil LeBeau speaks to General Motors VP of U.S. sales Kurt McNeil about positive November U.S. sales data. "We're not concerned about our inventory levels," he says.
U.S. stock index futures pointed to a tepid Wall Street open on Tuesday, as caution set in ahead of Friday's non-farm payrolls jobs report.
Chrysler, an affiliate of Italy's Fiat SpA, said Tuesday that November sales were 142,275, partly on the strength of its new 2014 Jeep Cherokee. Analysts polled by Thomson Reuters had expected 135,189. Chrysler said it was the best November since 2007, before the auto industry plunged into a deep recession.
SHANGHAI/ BEIJING, Dec 3- China's auto lobby has fiercely opposed a possible move by Beijing to ease restrictions on foreign ownership in the car industry, saying that the move would seriously weaken the position of indigenous carmakers.
LAUNCESTON, Australia, Dec 3- Australia's new Liberal government is discovering that it's easier to promise to be business friendly and welcoming to foreign investment than it is to deliver in practice.
DETROIT, Dec 2- The United Auto Workers union is considering hiking membership dues by 25 percent, the first increase since 1967, as it faces dwindling membership and rising costs, a top UAW official and several union sources said.