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Despite hopes the European market might have finally bottomed out, auto sales for the 2013 first half plunged to a 20-year low, with little sign the downturn will reverse itself.
Car sales for June in the European Union fell to their lowest point since 1996, prompting analysts to warn the data could get worse before it gets better.
The race to be No. 1 in China has become a proxy for the battle the companies are waging to be the global leader in auto sales.
The Ford pickup has replaced the Cadillac Escalade as the preferred target of car thieves, according to the Highway Loss Data Institute.
Earnings season officially kicked off today, and a number of negative preannouncements from S&P 500 companies could mean ugly results.
U.S. buyers snapped up new cars and trucks in June at a pace not seen since before the recession. Continuing demand for big pickups helped boost sales for Detroit's automakers.
European shares closed mixed on Tuesday, after better-than-expected economic data from Germany, and stock market gains in the U.S.
European car sales last month plunged to the lowest level in two decades for May.
Ford plans to add 800 more white-collar workers by the end of 2013 after already signing on 2,200 so far this year. It's another sign of surging domestic demand.
European shares closed lower on Wednesday, mirroring losses in U.S. markets.
Floods that have devastated parts of Germany could briefly impede growth in Europe's biggest economy and result in an economic loss of 12 billion euros.
With the government getting out of General Motors, one big trader is betting that the stock isn't going higher anytime soon.
European shares closed mixed on Monday afternoon, after briefly touching fresh five-year highs earlier during the session.
Millions of Americans have walked away from GM, Ford and Chrysler because of quality, reliability and service problems. But times are changing in Detroit.
European stocks closed higher after volatile trade on Friday, boosted by a rally in the auto sector. The pan-European FTSEurofirst 300 closed provisionally at a new 5-year closing peak.
New car registrations increased by 1.8 percent to 1.08 million vehicles last month, marking the first rise since September 2011.
Toyota Motors refuses to be tempted away from its low-risk growth strategy, even as the world's bestselling carmaker met its mid-term profit goals.
Ford, GM, Chrysler and Nissan reported double-digit U.S. sales gains last month, signaling the best April for car and truck sales in six years.
The troubled European car market is now dragging down even Volkswagen, the region's leading automaker. The New York Times reports.
Erich Hauser, automotives analyst at Credit Suisse, talks about European auto-makers and says the spread between their performance in Europe and in the U.S. will continue to widen this quarter.