×

Specialty Retail Automotive Retail

  • BEIJING, June 12- Chinese auto sales edged down 0.1 percent from a year ago in May, registering two consecutive months of declines for the first time since 2015, as the rollback of a government tax incentive dragged on demand. China auto sales fell to 2.1 million vehicles in May, the China Association of Automobile Manufacturers said on Monday.

  • MONTREAL, June 1- Canadian auto sales hit a record high in May, with General Motors Co and Ford Motor Co on Thursday reporting double-digit increases, fueled by demand for crossovers and light trucks, according to analysts who compile the monthly data. Automakers sold 216,861 vehicles in May, a number which "smashed all previous monthly records," and was up 11...

  • DETROIT, June 1- The pace of U.S. car and light truck sales slowed in May for the third month in a row despite steep discounts, but investors bid up shares of General Motors Co and Ford Motor Co after executives outlined plans to cut inventories. Ford shares closed up 2.6 percent at $11.41. GM shares closed 1.5 percent higher at $34.43.

  • A Magna International Inc. representative leads a demonstration of a semi-autonomous vehicle in Holly, Michigan.

    A new study from Strategy Analytics and Intel predicts the global passenger economy could be worth $7 trillion by 2050.

  • DETROIT, June 1- U.S. automakers on Thursday reported flat May sales after two months of declines, and that was enough for investors to bid up shares of General Motors Co and Ford Motor Co.. Ford shares were up 3.3 percent to $11.48 shortly after noon, with GM up 2.3 percent to $34.70. GM, Fiat Chrysler Automobiles and Toyota Motor Corp posted modest declines.

  • MONTREAL, June 1- General Motors Co on Thursday reported it sold 31,149 vehicles in Canada last month, a 36 percent rise compared with a year earlier, fueled by demand for crossovers and light trucks. About 1.97 million vehicles were sold in Canada last year, a record full-year high, due to higher consumer demand for pickups and SUVS. Scotiabank senior economist...

  • MONTREAL, June 1- General Motors Co on Thursday reported it sold 31,149 vehicles in Canada last month, a 36 percent rise compared with a year earlier, fueled by demand for crossovers and light trucks. About 1.97 million vehicles were sold in Canada last year, a record full-year high, due to higher consumer demand for pickups and SUVS. Scotiabank senior economist...

  • DETROIT, June 1- Ford Motor Co, bolstered by heavy sales to fleet customers, surpassed General Motors Co in U.S. new vehicle sales in May, according to figures reported early Thursday. Ford said May sales rose 2.2 percent from a year ago to 241,126 units. Fiat Chrysler Automobiles said May sales dipped 0.9 percent to 193,040. Toyota Motor Co's U.S. sales dropped 0.5...

  • DETROIT, June 1- Ford Motor Co, bolstered by heavy sales to fleet customers, surpassed General Motors Co in U.S. new vehicle sales in May, according to figures reported early Thursday. Ford said May sales rose 2.2 percent from a year ago to 241,126 units. Fiat Chrysler Automobiles said May sales dipped 0.9 percent to 193,040. Toyota Motor Co's U.S. sales dropped 3.2...

  • DETROIT, June 1- Ford Motor Co, bolstered by heavy sales to fleet customers, surpassed General Motors Co in U.S. new vehicle sales in May, according to figures reported early Thursday. Ford said May sales rose 2.2 percent from a year ago to 241,126 units. GM sales dropped 1.3 percent to 237,364..

  • DETROIT, June 1- U.S. new vehicle sales figures in May were likely propped up by heavy discounts, say industry analysts who expect that demand in the month was little changed or up just slightly after two months of falling sales. "While demand for new vehicles is still relatively strong, it's a bit of smoke and mirrors," said Jessica Caldwell, executive director of...

  • German Chancellor Angela Merkel and U.S. President Donald Trump arrive for the group photo at the G7 Taormina summit on the island of Sicily on May 26, 2017 in Taormina, Italy.

    Last year, the U.S. trade deficit with Germany totaled $64.9 billion. The auto industry drives the much of the deficit with Germany.

  • Trumpchi cars China's latest attempt to break into the US market

    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,...

  • Proton Holdings Saga vehicles move along the assembly line at the company's factory in Shah Alam, Selangor, Malaysia.

    Malaysian carmaker Proton has finally landed a foreign partner in Chinese automaker Zhejiang Geely Holding.

  • Hard to see where differences between Fiat and VW lie

    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.

  • Car driver

    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.

  • An auto worker assembles parts that will be welded by a robot for the Dodge Dart rear wheel house at Fiat Chrysler Automobiles NV's Warren Stamping Plant in Warren, Michigan.

    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.