Car sales sputtered in May, slumping to levels that were much lower than expected as higher vehicle prices led consumers to put off purchases in the face of a weakening economy.
General Motors Co and Ford Motor Co reported slightly lower U.S. vehicle sales in May as broader economic weakness and higher vehicle prices prompted consumers to delay major car purchases.
Higher car prices and a shortage of fuel-efficient vehicles likely threw a roadblock in the U.S. auto industry's recovery path in May, when the Japan crisis had its biggest impact on U.S. sales so far.
Carmaker Ford Motor is harnessing the power of cloud computing, analytics and Google innovation to make smart cars.
Ford Motor Company (F) announced today it is building its first transmission plant in China to support its growth plan there, in the world's largest auto market, the carmaker said in a statement.
Ford Motor Company India will invest $72 million in expanding its diesel engine production capacity by over 30% in India within next one year, the carmaker said in a statement.
Ford Motor Co Chief Executive Alan Mulally made about $1.7 million through a stock option that kicked in after Ford shares traded above $15 a share for 30 straight days, the automaker said on Friday.
Ford is using Google's Prediction API to create smarter cars.
Hertz Global Holdings Inc fired the latest salvo in a 13-month-long battle for Dollar Thrifty Automotive Group Inc , offering nearly $2.1 billion as it looks to form the No. 2 U.S. car rental firm and bump a stalled bid from Avis Budget Group Inc .
U.S. safety regulators said they have expanded to 2.7 million vehicles an investigation into the possibility that straps holding fuel tanks can rust and break on Ford Motor Co F-150 pickup trucks from the 1997-2001 model years.
Hertz Global Holdings Inc fired the latest salvo in a 13-month-long battle for Dollar Thrifty , offering nearly $2.1 billion as it looks to create the No.2 U.S. car rental firm and bump a rival bid from Avis Budget that has stalled with regulators.
Hertz Global Holdings Inc is back in the market for smaller car rental firm Dollar Thrifty , offering close to $2.1 billion as it looks to bump a rival bid from Avis Budget that has struggled to win regulatory clearance.
Hertz Global Holdings Inc is back in the market for smaller car rental firm Dollar Thrifty , offering close to $2.1 billion, taking advantage of rival Avis Budget's problems getting regulatory clearance for a rival bid.
General Motors Co is expected to report on Thursday first-quarter operating earnings more than double a year earlier, driven by a recovery in the U.S. market and strong sales in Asia.
US carmakers posted strong numbers for car sales in April 2011 while Japanese carmakers struggled with the disruptions caused by the 2011 T?hoku earthquake.
General Motors Co and Ford Motor Co reported strong U.S. sales gains in April, as high gasoline prices drove consumer demand for fuel-efficient cars.
U.S. auto sales are expected to show a 16 percent increase for April, as the sales crunch dealt by the Japanese earthquake and tsunami is not expected to show up in new auto purchases until May, automakers and analysts said.
Solid earnings from big U.S. companies such as Ford, 3M Co and United Parcel Service lifted stocks on Tuesday, but investors braced for a report on consumer confidence amid concerns about the recent rise in oil prices.
Ford Motor Co reported its best first-quarter profit in 13 years, driven by strong sales in its home market and demand for more fuel efficient vehicles.
The Ford Motor Co will idle plants in Taiwan, China and South Africa beginning this week due to the shortage of parts from Japan after the March 11 earthquake and tsunami, the company said on Monday.
The global car sharing company Hertz Corporation is expanding its London fleet with electric vehicles (EV) for members to drive in and around the capital.
Ford Motor Co reluctantly agreed on Thursday to greatly expand a recall of its F-150 pickup, the best-selling vehicle in North America, on concerns that some air bags could unexpectedly deploy.