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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.
Facing tougher competition in what is now the world's biggest autos market, Nissan and its Japanese rivals Toyota Motors and Honda Motors are having to increase the locally made content in their cars.
Global carmakers have poured billions of dollars in India's once-booming car market are now struggling as slow economic growth keep their target customers from parting with their cash.
China, once a major weakness for Ford, is expected to generate 40 percent of the automakers annual sales by the end of the decade. The projection means China will likely pass the United States as Ford's largest market by 2020.
India's annual car sales fell for the first time in a decade in the just-ended financial year, calling into question bullish growth expectations that fuelled billion-dollar bets from global manufacturers.
With its rare apology, Apple went from pariah to praiseworthy in the eyes of China's state-controlled media, a lesson for other foreign firms not to underestimate the power of the government press.
French car registrations fell again in March as consumers, worried about the economy, maintained the wait-and-see attitude which has prevailed over the past 16 months.
Detroit may be a mess, but analysts say its automakers are in the best shape in decades. And U.S. March auto sales due out Tuesday should be strong.
Mercedes will offer a "significant" drop in the entry-level prices of its AMG brand, Mercedes-Benz USA President Steve Cannon told CNBC on Wednesday.
The Bentley Flying Spur is making its U.S. debut at the New York Auto Show, but CNBC got a sneak peek Tuesday morning.
Disgusted with tech? Jim Cramer identified a theme that he thinks still works.
Europe's new car market shrank a further 10.2 percent in February.