America’s cars are getting older. And that’s good news for both auto supply chains and car dealerships, Phil LeBeau, CNBC Auto Reporter, told Squawk Box.
Obama Administration officials working on a turnaround of General Motors and Chrysler asked for advice from the consulting firm Bain & Company, among other consulting firms, speaking to partners there at least twice, according to multiple sources familiar with the conversations.
CNBC's Phil LeBeau reports Goldman Sachs upgrades Telsa shares to a "buy" rating and place a price target at $35 on the stock. Also, a look at a new study that shows older and older cars are on the road, despite increasing new car sales.
The average car in the U.S. is now 11.1 years, with CNBC's Phil LeBeau.
A previous story incorrectly reported that Mitt Romney's former firm, Bain & Co., was part of a team of consulting companies that advised President Barack Obama on a decision to shutter car dealerships during the auto bailout.
A look at the interesting (and quirky) cars crossing the auction block for a wide-range of investors.
If you thought BMW was going to slow down now that it’s the #1 luxury brand in the US, think again.
CNBC's Phil LeBeau has the details on BMW's plans to open a plant in South Carolina that would cost nearly $900 million.
Internet radio company Pandora is "laser focused" on expanding its market share and disrupting the traditional radio business, CEO Joseph Kennedy told CNBC Wednesday.
Walk around the Detroit Auto Show and one thing stands out: America's automakers are coming on strong when it comes to cars. Gone are the days when Detroit's cars lagged the sedans you saw from overseas.
For the annual Car of the Year winner, named at the Detroit Auto Show, the bragging rights don't guarantee a sales boost, reports the AP.
Rolls-Royce Motor Cars sales hit record-breaking levels in 2011, with more cars sold than ever before in the brand’s 107-year history.
With over 500 cars and trucks on display at the 2012 North American International Auto Show, 40 new models are expected to be unveiled, from concept cars to vehicles that will hit the market this year.
Ford, Hyundai and Nissan unveiled new models at the 2012 Detroit Auto Show, where fuel efficiency and electric cars were among the key highlights. Plus, Fiat & Chrysler's CEO on an upbeat and competitive auto sector.
Toyota USA President Jim Lentz shares his forecasts for retail gasoline prices and the automaker with CNBC's Phil LeBeau at the 2012 Detroit Auto Show.
Is the U.S. auto industry back in the driver's seat? Many executives of the biggest car makers seem to think so. Here is a roundup of the comments some of them made to CNBC Monday from the Detroit Auto Show.
Discussing whether Toyota can regain sales momentum in 2012 following a tumultuous year in 2011 when the tsnuami in Japan offset production, with Jim Lentz, Toyota U.S.A. president, and CNBC's Phil LeBeau.
There hasn't been this type of energy at the Detroit Auto Show in years. To quote Chrysler CEO Sergio Marchionne, "It's a different world. It's like a throwback to the 90's. This is the kind of atmosphere we used to have at the Detroit Auto Show when things were going well."
Insight on the automaker's peak sales mark and plans to open a plant in Brazil this year, with John Krafcik, Hyundai Motor America CEO, and CNBC's Phil LeBeau.
BMW, Mercedes Benz and Porsche unveil new versions of key models at the auto show. CNBC's Phil LeBeau talked strategy with some of the top auto executives.