car sales

Ford Accelerates Growth in China

Ford, which expects 70% of its sales growth to come from Asian-Pacific and African markets in the next decade, plans to open 100 dealerships in China this year.

GM's IPO: Recovery -- Not the End of the Road

Considering where the iconic carmaker has been in recent years, the pending IPO -- and robust investor demand for shares -- is a remarkably positive step. But GM still has plenty of problem spots that will need fixing if this historic event is to have lasting meaning.

Ford Shares Hit Six-Year High on Solid Sales Report

Stock in Ford hit levels not seen since the summer of 2004 Thursday, a day after the Dearborn, Mich., automaker reported solid sales for the month of October. The stock rose as much as 4.3% to $15.83 a share in morning trading on Wall Street.

September Auto Sales: Don't Expect Much Sizzle

Overall demand for new cars and trucks, while better than a year ago, is likely to be lower than that recorded in August, itself an unimpressive month. That would mean auto sales are stuck in a four-month-long rut.

CarMax Earnings Rise to 48 Cents Per Share

CarMax Inc (KMX) reported quarterly earnings of 48 cents per share, up from 46 cents per share a year earlier. Net sales rose 13% to $2.34 billion, from $2.08 billion a year earlier, the company said in a statement. Comparable store used unit sales rose 4%, with total used unit sales rising 5%.

Get Ready to Pay More for Tires

Tires are getting more expensive across the world. Goodyear Tire & Rubber Co. (GTR) and Cooper Tire & Rubber Co., (CTB) the two largest U.S. tiremakers, plan to raise prices by as much as 6.5% starting October, according to Bloomberg News. In Europe, Bridgestone (BRDCY) is upping its prices by about 6%.

Ford Sees an Expanding Global Car Market

"We see the economy improving, but the strength of the recovery in individual markets has been uneven," said John Fleming, head of Ford's global manufacturing in London on Thursday. He said demand could rise by as much as 10%.

GM Execs Upbeat Despite Weak August Sales

GM reported Wednesday that sales fell 25% in August as the U.S. economic recovery appeared to stall and cautious consumers held back on buying cars. But despite the downturn, GM officials said they remain upbeat that the hard-hit auto industry will continue to improve in the months ahead.

Hyundai Shifts Santa Fe SUV to Kia Plant in Georgia

Next month, Korean automaker Hyundai will begin building its popular Santa Fe SUV at a Kia plant in West Point, Ga., where its sister company makes the Kia Sorrento SUV. The move is expected to boost the number of workers associated with the plant from 1,900 to 7,000.

August Auto Sales May Be the Worst in 28 Years

Auto sales braked sharply in August, starting out strong, then slowing to a level that may be the lowest in 28 years. The slowing economy made nervous consumers hesitant to buy, despite the bevy of end-of-model-year deals.

August Auto Sales Are Zooming Along. . .So Far

July was a mixed bag for auto sales, with sales improving, but not as much as the abundance of incentives for would-be car buyers led industry watchers to expect. But if August car sales continue on track, it may be the best month of 2010 so far, Edmunds.com reports.

BMW Earnings: Sign of Recovery at the High End

BMW, the largest maker of luxury cars in the world, announced that its profits rose sharply from %u20AC119 million last year to %u20AC831 million ($1.1 billion) in the second quarter.

Slimmer GM Posts $4.3 Billion Loss in 2009

The financial results show "there is still significant work to be done," said GM's Chief Financial Officer Chris Liddell. "However, I continue to believe we have a chance of achieving profitability in 2010."

S&P Sees Rising U.S. Sales for Toyota, Honda and Nissan This Year

Japanese automakers Toyota, Honda and Nissan expect positive growth in 2010, bouncing back from vehicle recalls and sagging global car sales in 2009. Standard & Poor%u2019s forecasts a combined 11.5% increase in car sales for the three brands in the U.S. as demand for vehicles heats up.

Ford, GM Sales Surge in January as Toyota Tumbles

Ford Motor and General Motors, the two largest U.S. auto makers, reported higher sales in January, as consumers steered cleared of the showrooms of the companies' nearest Japanese competitor, Toyota Motor, which is mired in massive recall involving millions of vehicles.

Stocks in the News: Kraft Foods, Cadbury, Google, Ford

News that could affect stock prices today: Kraft's Cadbury bid gets slim support from shareholders; Google releases its Nexus One smart phone; Ford, Toyota, Honda reported improved December sales; retailers saw strong finish to the year.

Detroit Ends Tumultuous Year with Mixed Results

Detroit automakers closed 2009 with mixed results. While overall sales for the year fell at Ford Motor, General Motors and Chrysler Group, each reported strong December sales as bargain-hungry consumers sought to cinch deals before year's end.

Ford Sales Surge in December

Ford Motor reported Tuesday that sales of its vehicles rose 33 percent in December compared to a year ago. Sales for the full year, however, were down 15 percent compared to 2008. The company increased its domestic market share by a full percentage point, to 15 percent.