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Demand for new cars in Europe fell to the lowest level recorded since 1995, closing a year burdened by heavy declines in all major euro zone economies.
Toyota has dethroned General Motors as the world's top-selling automaker. The Japanese company sold 9.7 million cars and trucks worldwide in 2012, although it's still counting. GM sold 9.29 million. Both companies saw higher sales.
Volkswagen is going after the mid-size sport utility vehicle market, Jonathan Browning, VW of America CEO, told CNBC.
Jonathan Browning, Volkswagen of America president & CEO, discusses the automakers three new crossover models, with CNBC's Phil LeBeau
CNBC's Phil LeBeau reports GM is hoping new model offerings will help the company gain market share. And, Paul Ingrassia, Reuters managing editor, provides a preview of the auto sector this year and explains why Volkswagen is a company to watch.
Investors had one eye on the start of the earnings season in the U.S., but strategists said Europe's own earnings season could throw up a few surprises.
Thursday won the dismissal of a New York lawsuit by 26 hedge funds that accused the German automaker of causing more than $1 billion of losses by cornering the market in Volkswagen AG shares.
Crash tests reveal whether expensive luxury cars are safer than less expensive models.
Italian carmaker Fiat. is investing 1.2 billion euros in luxury brand Maserati, hoping technology and dealerships from its tie-up with Chrysler will help it to take on German rivals BMW and Porsche.
From auto sales to health care to the NFL to the price of gasoline, CNBC's anchors, reporters, editors and contributors make calls on what 2013 will bring.
What will the auto industry do next year?
You hear it all the time: market share doesn't matter, profits do. True, at the end of the day I'd rather have a profitable automaker selling fewer vehicles than a money loser leading in market share.
CNBC's Phil LeBeau speaks to Volkswagen of America president & CEO Jonathan Browning, about the Beetle Convertible coming out mid-December.
*Q3 revenue 18.8 bln euros vs 17.7 bln forecast. FRANKFURT, Nov 6- BMW, the world's largest premium carmaker, warned it was beginning to feel the pain of a sickly European market, overshadowing strong quarterly results and a forecast for record annual profit.
SAO PAULO, Nov 6- Brazilian car dealerships cut their 2012 sales forecast in half on Tuesday as short-term tax incentives boosted demand less than was expected in the world's fourth-largest auto market.
YOKOHAMA, Japan, Nov 6- Counting the cost of anti-Japanese protests in a territorial dispute with China, Nissan Motor Co cut its full-year net profit forecast by a fifth to $3.99 billion, and said it had lost share in its biggest market.
YOKOHAMA, Japan, Nov 6- Nissan Motor Co cut its full-year net profit forecast by a fifth to $3.99 billion, joining rival Honda Motor, after car sales tumbled in China, the world's biggest autos market, amid anti-Japanese protests over a territorial dispute.
*Toyota shares up 2.2 pct ahead of Q2 results. TOKYO, Nov 5- Toyota Motor Corp nudged its full-year net profit forecast up to $9.7 billion, even as it put the cost of recent anti-Japanese protests and a slowing economy in China, the world's biggest autos market, at lost sales of 200,000 cars.
TOKYO, Nov 5- Toyota Motor Corp raised its full-year net profit forecast to $9.7 billion even after its sales in China, the world's biggest autos market, were battered by a popular backlash against Japan over a territorial dispute.
*Combined losses could top $6 bln in Europe in 2012-13. PARIS/ DETROIT, Nov 3- Ford Motor Co, which clung to the road with a timely swerve before the 2009 crisis that bankrupted General Motors Co, may now be pulling a similar stunt in Europe.