CNBC's Eunice Yoon reports from GAC Group's Trumpchi SUV manufacturing plant in Guangzhou, China, on the company's ambitions stateside.
May 25- U.S. auto sales in May will edge up 0.5 percent from a year earlier, despite consumer discounts remaining at record levels, industry consultants J.D. Power and LMC Automotive said on Thursday. "While consumers will see substantial discounts this Memorial Day weekend, they are not expected to overcome the slowing demand in auto sales," said Deirdre Borrego,...
Malaysian carmaker Proton has finally landed a foreign partner in Chinese automaker Zhejiang Geely Holding.
Anna-Marie Baisden, head of autos research at BMI Research, speaks about the U.S. government's suing of Fiat Chrysler over violating emissions tests.
Insurance underwriters often look at credit scores to determine the likelihood that an individual will file a claim.
PRESIDENT OF MEXICO'S AUTO INDUSTRY ASSOCIATION SAYS 2017 WILL BE RECORD YEAR IN PRODUCTION, EXPORTS, SEES 1.65 MLN IN CAR SALES IN DOMESTIC MARKET.
This could happen as early as this week if no agreement is reached with the Italian-American automaker, two sources said.
GM TO HALT VEHICLE SALES IN INDIA, PRODUCE FOR EXPORT ONLY.
CNBC's Nancy Hungerford speaks about Volkswagen CEO Matthias Mueller and others at the top of the company being investigated for their disclosure of its emissions scandal.
It's the top priority for CEOs during their first meeting with the Treasury secretary.
A source familiar with the plan told CNBC Ford's cuts will involve primarily salaried workers in North America and Asia.
Though these are trying times for many of the American retailers, but some sectors are thriving.
BEIJING, May 11- Chinese auto sales fell in April by the steepest in almost two years, the automakers' association said on Thursday, as a tax increase on small-engine cars from the beginning of the year discouraged buyers. Vehicle sales in China, the world's largest auto market, fell 2.2 percent to 2.1 million in April, compared to a 4 percent rise in March, data from the...
BEIJING, May 11- China vehicle sales fell 2.2 percent year-on-year in April from a year earlier to 2.1 million vehicles, the China Association of Automobile Manufacturers said on Thursday. That compares with a 4 percent increase in March and 22.4 percent growth in February. In the first four months of 2017, sales grew 4.6 percent compared to the same period a year...
Ford is laying off 130 workers and cutting production of its medium-duty pickup trucks in Avon Lake, Ohio.
VW Brands CEO Herbert Diess speaks about earnings and his company's emissions scandal, adding that he "hope(s) that the worst is over."
LONDON, May 4- British new car registrations slumped by 20 percent in April, the biggest year-on-year drop for over six years after record demand in March, when customers brought forward purchases to avoid a tax increase, an industry body said on Thursday. Sales fell 19.8 percent to 152,076 vehicles last month, traditionally a period when fewer vehicles are sold...
Arndt Ellinghorst, head of the global automotive research at Evercore ISI, discusses BMW's first-quarter earnings.
LONDON, May 4- British new car registrations slumped by around 20 percent year-on-year last month following a record high in March when drivers brought forward purchases to avoid a tax hike, according to preliminary data from an industry body. Sales in Europe's second-biggest autos market hit a record in 2016 and continue to rise this year despite forecasts...
Investors should focus on the Model 3 and new developments instead, says The Motley Fool's David Kretzmann after Tesla posted a wider-than-expected Q1 loss.