Google Aggressively Moves Into Car Business
Google has lined up powerful allies as part of its push into the world of auto software. The new Open Automotive Alliance was launched Monday and includes Audi, GM, Honda, Hyundai and Nvidia.
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Newest first · Page 264Ford Sales in China in High Gear, GM Slumps
Ford edged past Toyota and Honda in 2013 in terms of sales in China, helped by redesigned cars and the ongoing effects of a territorial dispute between China and Japan. It still lags sales…
GM Slashes More Than 1,000 Brazilian Workers
ThinkstockAutomaker General Motors Co. (NYSE: GM) has confirmed its layoff of more than 1,000 employees at its Brazilian operations in Sao Jose dos Campos in Sao Paulo state. The layoff has been in the…
Auto Sales Prices Rise Slightly in December
Sales prices of automobiles rose by more than $1,000 month-over-month in November. However, sales prices declined $159 when compared with December 2012 prices.
Disappointing December Auto Sales
Automakers reported December U.S. sales Friday morning. Two of the companies projected 2013 sales to reach an annual rate of less than 16 million new vehicles sold in 2013, a drop from last month's…
Fiat Pays Up for Chrysler: A Union Wins One
Sunday's announcement that Fiat has agreed to acquire the 41.5% stake in Chrysler Group owned by a United Auto Workers (UAW) benefits trust fund for a total of $4.35 billion ends a nearly year-long…
China May Be Why Fiat Paid Too Much for Chrysler
The dominant theory about Fiat's buyout of a UAW health care trust that gives it 100% ownership in Chrysler is that the Italian car group has made huge hedge in the United States. However,…
2013 Car Market: The Year of the Pickup
Most analysts have pointed to luxury auto imports as the leaders in terms of growth. However, the real victors in the U.S. car industry are heavy pickup trucks, particularly those made by the Big…
Fiat Buys Out Unions to Take 100% Control of Chrysler: The PR Spin
ThinkstockFiat bough out the UAW’s ownership position in Chrysler and will hold 100% of the U.S. car company. The spin: January 1, 2014 , Auburn Hills, Mich. – Chrysler Group and the International Union,…
Ford Blows Its Own Horn on Retail Sales
Automakers are expected to report December sales on Friday, but Ford issued an announcement on Monday morning claiming that it will sell 2.4 million vehicles in 2013 and it will retain its lead as…
The Most Expensive Luxury Imports in America
In a year in which high-end cars have sold particularly well, the prices of several imports have moved higher than $100,000 -- in some cases, much higher. The imports in this segment of the…
Tesla Sees Rising Demand in China
ThinkstockTesla Motors Inc. (NASDAQ: TSLA) opened its first showroom to the public in Beijing in November and, according to ChinaDaily, hundreds of high-end Tesla electric cars have been ordered or preordered in China since.…
More Bad News for GM in China: 1.5 Million Cars Recalled
General Motors will recall nearly 1.5 million vehicles in China due to potential safety issues. GM already faces growing competition from local carmakers, legislators desperate to reduce the sources of air pollution in major…
Volkswagen Likely to Come Out on Top in China Car Sales
courtesy of Volkswagen of AmericaVolkswagen has said that it aims to be the largest carmaker in the world. And for the first time in nine years, it appears to be set to come out…
Could Tesla Be Swallowed Up By a Big Three Automaker?
When 24/7 Wall St. listed its 10 brands that will disappear in 2014, Tesla Motors was not among them. However, veteran trader Yra Harris of Praxis Trading told CNBC this week that he predicts…