Buyers with good credit turning to used cars


Here is the latest Auto News from CNBC.

Buyers with good credit turning to used cars
Car buyers with the best credit records are shifting gears, with more of them taking out loans for used vehicles instead of new ones.

Navistar spikes 30%; CEO says VW’s $256 million stake signals ‘bottoming phase’
Shares of Navistar surge after Volkswagen agreed to form a strategic alliance to supply engines to the U.S. truck maker.

EU finds Volkswagen broke consumer laws in 20 countries: Report
Brussels finds that Volkswagen broke consumer laws in 20 countries by cheating on emissions tests, Die Welt reported.

Liberty Media nears deal for 10-15% stake in Formula One: Report
Liberty Media Corp is nearing a deal to buy a significant stake in the Formula One racing car series, the FT reported.

Uber and Lyft are getting pushback from municipalities all over the US
Uber and Lyft are battling the taxi industry and regulators in key cities across the U.S., even as they remain locked in a money-losing price war.

Driverless cars will destroy the most jobs in these US states
Driving jobs aren’t evenly distributed across the country, and some places are going to get slammed by automation more than others.

Mazda says to recall 2.3 million vehicles worldwide
Mazda Motor said it would recall a total of 2.3 million vehicles worldwide over potential problems with their rear gates.

Harley-Davidson plans to cut about 200 jobs
Harley-Davidson plans to cut about 200 positions as the company adjusts its production schedule due to a lower forecast for motorcycle shipments.

America is turning away from cars
Much like the station wagon was phased out by the late ’90s, the sedan is slowly fading away.

Germany goes to EU with accusation of Fiat emissions cheating
The European Commission has been asked to investigate Fiat Chrysler’s exhaust emissions for potential illegal manipulation devices.

August US auto sales down; carmakers say industry has peaked
U.S. auto sales fell in August, and some major automakers said on Thursday a long-expected sales decline has begun.

Musk’s bad day: Explosion + stock drops by Tesla, SolarCity = $370 million loss
One of his rockets blew up, and stock prices of two of his companies sank. Elon Musk was having a horrible day.

Before you hit up Labor Day car sales, secure better financing deals
Before you visit the dealership, shop around for auto loan offers.

SolarCity advisor Lazard made $400 million valuation mistake in Tesla deal
Lazard, the investment bank that advised SolarCity on its sale to Tesla, made an error that discounted the value of the solar energy company.

Ford teams up with the Dallas Cowboys on limited-edition F-150
The limited-edition F-150 is on sale now at select Ford dealerships in Texas.

Tesla plans to raise more cash this year
Tesla says either an equity or debt offering will help fund its new Model 3 sedan and build out the Gigafactory.

Google’s Waze to expand Uber-like ride-sharing service in San Francisco: Report
Google will launch a ride-sharing service in San Francisco, an unnamed source told The Wall Street Journal on Tuesday.

Target’s chief marketing officer to leave, join Uber
Target’s chief marketing officer is leaving the company and heading to Uber.

Japan govt finds Mitsubishi overstated mileage for 8 more models
Japan ordered Mitsubishi to stop domestic sales of eight vehicle models after an investigation found the automaker overstated fuel economy.

Alphabet executive steps down from Uber board amid growing competition
Alphabet executive David Drummond, who has been a director on the Uber Technologies board for close to three years, has stepped down.

It’s just about time to buy Tesla—prepare for a 50 percent rally: Trader
Todd Gordon of sees Tesla rallying in the coming months.

Op-ed: Here’s what the future looks like in a world of self-driving cars
Driving as we know it is about to fundamentally change, says VC Venky Ganesan. Here’s what the future will look like in a world of self-driving cars.

NFL star Colin Kaepernick takes online sacking after refusing to stand for US anthem
The signal caller for the San Francisco 49ers was buried in an avalanche of praise and criticism for his remarks on Friday.

A cheaper airbag, and Takata’s road to a deadly crisis
Takata’s airbags are now at the center of the auto industry’s biggest recall, The New York Times reports.

Google hires Airbnb exec to commercialize self-driving cars
Google’s self-driving car project took a step closer to market with the hire of a top executive from Airbnb.

It’s a sign the US auto market is overheating
Delinquencies in subprime auto loans are on the rise, and that could signal bad news for lenders and automakers.

GM cleared in second US verdict over crash blamed on ignition switch
A Texas jury said a General Motors ignition switch, linked to nearly 400 injuries and deaths, was not to blame for a fatal 2011 crash.

Tesla wins US antitrust approval to buy SolarCity
Tesla has won U.S. antitrust approval to buy solar panel installer SolarCity.

GM car’s ignition switch not to blame in fatal crash, jury says
A jury has found that a General Motors ignition switch was not to blame for a 2011 accident.

Amazon launches Amazon Vehicles to help car buyers on Thursday launched Amazon Vehicles, an online platform for users to research on cars, auto parts and accessories.

Tesla wins US antitrust approval to buy SolarCity
Tesla Motors has won U.S. antitrust approval to buy solar panel installer SolarCity, the Federal Trade Commission said on Thursday.

Volkswagen reaches deal in principle to compensate US dealers
Volkswagen announced on Thursday its compensation deal made with dealers in connection with the company’s diesel emissions scandal.

Singapore to begin world’s first public trial of self-driving taxis
Singapore is taking the next step in the world’s move towards self-driving vehicles with the first public trial of autonomous-drive taxis.

Ford to recall 91,000 cars to fix fuel-pump issue
Ford Motor said on Wednesday it was recalling about 91,000 vehicles worldwide to replace faulty fuel-pump parts that could potentially cause a car to stall without warning.

New battery pack no game changer for Tesla: Kelley Blue Book
The new Tesla battery pack is unlikely to boost sales much, a Kelley Blue Book expert told CNBC.

Tesla punches up battery life, range and speed for new Model S, Model X
Tesla unveiled its Model S sedan and Model X crossover Tuesday, with substantially faster acceleration and longer battery range.

SolarCity, Tesla shares jump after Elon Musk tweet
SolarCity Chairman Elon Musk tweeted that that there will be a Tesla Motors product announcement Tuesday afternoon.

Uber and Lyft hate fingerprinting drivers, but new data show why they might be wrong
Uber and Lyft have had fights with cities over fingerprinting drivers, which they have said does not improve safety.

VW, suppliers settle dispute after marathon talks
Carmaker says the two parts suppliers with which it has locked in a contract dispute had agreed to start delivering parts again.

US rejects automakers’ request to extend fuel comment deadline
Regulators denied a request to extend the comment period on environmental analysis to determine whether fuel efficiency requirements are feasible.

Traffic fatalities on the rise as Americans drive more miles, text behind the wheel
For the second year in a row, the number of people killed in traffic fatalities increased substantially from January through June.

Delphi, Mobileye join forces on autonomous car platform
Delphi Automotive is joining with Israeli software maker Mobileye to develop the building blocks for a fully autonomous car in about two years.

France’s Renault emissions probe left out crucial details
A report omitted details about how Renault’s diesel cars were able to emit fewer deadly gasses when subject to official emissions testing, the FT reports.

Tesla Autopilot instills a ‘false sense of security’
A Texas man who crashed his Tesla while on Autopilot says the technology is not ready for what the company is allowing it to do.

Tesla-bago: People are turning electric cars into campers
A few tweaks can put a Tesla into ‘camper mode’ and make it a climate-controlled tent with wheels and a glass ceiling.

One auction just sold $345 million in classic cars. Here’s why that’s a bad sign
Sales at high-end car auctions in Pebble Beach and Monterey, California, fell 13 percent from last year.

VW plants halted over supplier dispute
Dispute between the automaker and two suppliers has forced VW to suspend production of some models at German plants.

Lyft is said to fail to find a buyer, despite talks with several companies
Ride-hailing companies increasingly face a brutal set of competitive conditions, the New York Times reports.

Ford’s supercar gets extension
Demand from ultra-wealthy car buyers for the new Ford GT has led the automaker to sell another 500 copies of the carbon fiber supercar.

Uber and Lyft quit Austin in May, here’s what’s happened in the city since
Uber and Lyft are locked in a battle over driver fingerprinting, as companies flooding the market for a slice of the ride-hailing business.

Top trader Lebenthal, up 28% this year, adds to GM position because of dividend
Jim Lebenthal, whose model portfolio is up 28% this year, added to his GM position. Here’s why…

Volvo and Uber team up to develop self-driving cars
It is the latest move by traditional vehicle manufacturers to team up with Silicon Valley firms long seen as disruptive threats to their industry.

The cars set to fetch $10 million and more at Pebble Beach
Thousands of the world’s wealthiest car collectors are set to roll into Pebble Beach for the richest car auction on the planet.

Genesis drivers can now say: ‘Hello Alexa, start my car.’
Genesis G80 and G90 owners can now use Amazon’s Echo and voice commands to remotely start their car, lock doors and other tasks.

$370 million in collectible cars slated for Pebble Beach auction
Wealthy car collectors will converge on Pebble Beach this week for the scenic community’s annual auction of collectible cars.

Electric car ‘range anxiety’ overhyped: Enough juice 90% of the time
The belief that electric cars can’t drive far enough on a charge, does not seem to be true for the majority of trips.

Ford will have a fully autonomous vehicle on the streets in less than five years
The commercial vehicle, which will not include a steering wheel or pedals, will be used by ride-hailing and ride-sharing firms.

Ford CEO says autonomous vehicles may be as groundbreaking as moving assembly line
Ford is racing to keep up with its traditional competitors and technology companies in building self-driving cars.

Hyperloop One moves forward amidst legal battle
Hyperloop One, a controversial company with big dreams and potentially big legal problems, is planning to develop Hyperloop runs around the world.

Tesla bulls not ‘doing their homework.’ 40 rivals on the way: Tesla bear
Elon Musk is “the most deceptive CEO I have ever seen,” said Stanphyl Capital’s Mark Spiegel.

Audi says it’s found a way to curb frustration at stoplights
Certain Audi models will include a feature that tells motorists how long it will be until the red light changes to green.

VW, US Justice Dept hold criminal probe settlement talks, sources say
VW and the Justice Department have held preliminary settlement talks about resolving a criminal probe.

Tesla removes ‘autopilot’ from China website after Beijing crash
Tesla removed the word “autopilot” and a Chinese term for “self-driving” from its China website after a driver complained.

Lyft rebuffs acquisition interest from General Motors: Report
Lyft rebuffed acquisition interest from General Motors and will raise a new funding round instead, technology website The Information reported.

Lyft reportedly rebuffed acquisition interest from GM
Lyft rebuffed acquisition interest from General Motors and will raise a new funding round instead, a report said.

Something’s got to change at Tesla, analyst says
Emmanuel Rosner said that there’s a bigger picture that Tesla needs to focus on after one of its cars crashed in China.

This money manager is betting big on Tesla
Money managers Catherine Wood and Christopher Retzler always keep an eye on unloved companies.

‘Self-driving’ in spotlight again as China sees first Tesla autopilot crash
Tesla said one of its cars had crashed in Beijing while in ‘autopilot’ mode, with the driver contending sales staff sold the function as self-driving.

Marc Faber: Tesla shares are going to $0
The investor known as “Dr. Doom” says that investors should short a few “overvalued” stocks — providing Tesla as an example.

Lyft is doing something no other US ride-hailing app has done before
Lyft will begin selling $20 cards at participating Starbucks next week, hoping to drive traffic to its service.

Endless commutes cost you $960 a year
The average commuter wasted 42 hours and $960 snarled in traffic last year, a recent study finds.

Ahead of top Ferrari auction, is the classic car market decelerating?
The classic car market is slowing, with collectors focusing on provenance, rarity and condition of automobiles, an expert told CNBC.

Google executive quits self-driving car project
Chris Urmson, who was instrumental in building Google’s self-driving car project, said on Friday he is leaving the team after seven and a half years.

Introducing the Kensho New Economy Indices
Tech is reshaping stock market sectors at a staggering rate. The Kensho New Economy Indices give investors a way to profit.

Tesla Motors discloses $1.1 billion in third-quarter cash needs
Tesla Motors disclosed third quarter cash requirements in payments and planned expenditures, about a third of the cash on hand mid-year.

Google’s self-driving car unit is losing three key execs
The project’s tech lead is among the executives departing, Recode reports.

Man says Tesla Autopilot drove him to the hospital, saved his life
Tesla’s controversial semi-autonomous Autopilot system took the wheel when a man suffered a life-threatening emergency.

One day pretty soon, your car will be as smart as your phone
Automakers have been working to put in more technology into cars to make them smarter and in line with changing customer expectations.

Here’s why Tesla should have one HUGE equity offering
Another Tesla equity offering could be on the horizon — one analyst says the company should make it a big one.

For Elon Musk, star-touched vision and messy reality collide
Musk must live in the real world, where production gaffes impact delivery targets, cars crash and more, USA Today reports.

Ford recalls 830,000 2012-2016 Ford and Lincoln vehicles to fix latches
Ford Motor on Thursday announced a recall of 830,000 Ford and Lincoln vehicles to replace faulty side door latches.

This is what is blowing Elon Musk’s mind
Fully autonomous vehicles are still one of Tesla’s top two priorities.

Elon Musk is furious at a small California state agency
Tesla’s Elon Musk had harsh words for a California state government program he says is being mismanaged.

Tesla misses Wall Street targets, but logs gains in vehicle production
The electric car maker says is seeing increases in demand for its vehicles, and plans for its Model 3 are on track.

Lyft hit a record of 14 million rides last month. Here’s its run-rate revenue
July was a record month for Lyft, which performed 13.9 million rides, according to a letter that Recode obtained.

Fiat Chrysler shares jump after report of interest in parts unit
Shares in FCA rose after a Bloomberg report said Samsung was in advanced talks to buy some or all of parts maker Magneti Marelli.

Under Tesla’s wing, SolarCity’s future remains uncertain
After four rocky years as a publicly traded company, SolarCity may now be wading into an equally uncertain future.

Slowdown in the US? This company’s predicting demand for autos to fall in coming months
The CFO of auto-parts and tire maker Continental told CNBC Wednesday he is cautious about the outlook for the U.S. autos sector.

Jeep maker sued over crash that killed ‘Star Trek’ actor
Anton Yelchin parents sued the makers of the Jeep Grand Cherokee, an SUV that was under recall when it killed the 27-year-old.

The auto boom may have finally run out of gas
After six straight years of rising sales, there is a new reality settling in at dealerships: Sales may have finally peaked.

Lyft should be worried about Uber’s Didi deal, Uber adviser says
Uber’s sale of its China business to Didi Chuxing should be a major concern for Lyft, Bradley Tusk says.

Ignore those car recall notices at your own peril
Experts say you should never ignore a recall notice. You could imperil your safety.

GM, Ford say July US sales fell
U.S. auto sales fell in July, according to automakers GM and Ford, as unusually hot weather kept buyers indoors.

BMW’s X1 offroader and luxury cars are helping profits race ahead
BMW’s second-quarter operating profit beat expectations thanks to record sales of luxury cars including the X1 offroader.

Oil regains hold on stocks; data to show if economy going into low gear
Personal income and spending and car sales will be important reports Tuesday for markets.

Tesla’s SolarCity acquisition continues to divide opinion
Some say Tesla’s deal with SolarCity is not the best used of cash or energy right now.

The Big Wall Street banks got shut out of the Tesla-SolarCity deal
Another week, another big tech deal where Wall Street’s top institutions didn’t get a piece of the action.

Taxi app rival Didi Chuxing to buy Uber’s China business in $35 billion deal
Didi Chuxing is to acquire Uber’s China business in a deal that would reportedly value the combined company at $35 billion.

Tesla to acquire SolarCity in a $2.6 billion all-stock deal
Tesla Motors said it would buy solar panel installer SolarCity for $2.6 billion in shares to form a one-stop clean energy shop.

Verizon to buy GPS vehicle tracking company in a $2.4 billion deal
Verizon Communications said it will buy GPS vehicle tracking company Fleetmatics for about $2.4 billion in cash.

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