Global sales of BMW Group's core brand rose faster in June than at Audi and Mercedes-Benz as demand from China and the United States helped the premium carmaker to extend a lead over the two rivals in the first six months of the year. Sales at the brand were up 9 percent last month to [...]
Tesla Motors Inc., the world's best-performing automotive stock this year, will join the Nasdaq-100 Index next week, filling the spot vacated by Oracle Corp., which is moving to the New York Stock Exchange. The electric-car maker will be added to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading [...]
The Toyota Camry and the Honda Civic, the top-selling mid-size and compact cars in the U.S., face risks of reduced production as inventories of the models rise, an RBC Capital Markets report said. Toyota's Camry exceeded its seasonal historical average inventory by more than 15 days supply in June and Honda carried about 25 days [...]
Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent. The move is part of CEO Sergio Marchionne's step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen. Fiat [...]