Higher prices for new cars and relatively low rates for auto loans means Americans are borrowing a record amount to pay for their new rides.» Read More
European shares closed higher on Tuesday, as the imminent threat of Western military action against Syria receded and fresh Chinese data boosted investor sentiment.
Europe's auto industry may not return to growth until it undergoes heavier restructuring similar to that undertaken in the U.S.
Hans Dieter Poetsch, CFO of Volkswagen, tells CNBC that the European car industry did not get restructured and still has overcapacity pushing on the prices.
Brands as diverse as BMW, Volkswagen and Porsche are introducing hybrids, plug-ins and battery electric vehicles at the Frankfurt Motor Show.
Global auto profits will grow by 50 percent by 2020, with more than half of that coming from China, according to a new report.
European shares closed down in choppy trade on Tuesday, while shares in mobile device maker Nokia surged 34 percent.
Mercedes-Benz will launch about 20 new or upgraded models in China, part of a broader effort aimed at reversing the brand's struggles in the world's biggest auto market.
The surge reflects new technology that not only maintains an estimated 30 percent mileage advantage over gasoline engines but also resolves traditional concerns.
A Chinese automotive association is collecting data on the price of all foreign cars sold in the country for a government agency that has fined companies for price-fixing in sectors ranging from milk powder to jewelry.
TV's top car geeks pick their favorite convertible designs of all-time.
The auto industry continued its poor performance in an influential US safety group's new crash test as half of the small cars tested did not fare well.
Toyota Motor's slower-than-expected growth in Southeast Asia is becoming a headache as the world's best-selling carmaker closes on its six-year-old profit record.
Volkswagen's Bugatti Veyron Grand Sport Vitesse certainly has its share to boast about. It is the world's fastest production roadster—and the most expensive.
CNBC's Robert Frank test drives the Bugatti Veyron 16.4 Grand Sport Vitesse, which happens to be the fastest production roadster on the planet. And one of the most expensive.
General Motors' says its July U.S. sales rose 16 percent on big gains in full-size pickup trucks, selling just over 234,000 vehicles, but short of the 19 percent gain forecast.
Think you can guess the cheapest car to drive? Hint: It clocks in at 7 cents per mile. The most expensive costs 36 cents per mile. Check out the answers from GasBuddy.com.
In a survey that focuses on the things that surprise and delight car buyers rather than the problems that frustrate them, VW edged its way to first place.
This diesel plug-in hybrid recently received a mind-boggling rating from European authorities of 261 mpg, far and away a record.
FedEx, Jack Daniels and Volkswagen also have origins or significant North American investments in Tennessee, Gov. Bill Haslam says.
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.