Chevrolet Malibu manufacturing production factory

Auto industry outlook hinges on China sales holding up amid tariffs

The outlook for the global auto industry over the next 12-18 months remains stable so far, thanks in part to rising sales in China, India and Europe. But looming trade tensions and the threat of tariffs could hurt sales next year, said Moody’s on Tuesday. The credit rating agency said it expects light vehicle sales […]

It's unclear why the auto sector is as weak as it is

It’s unclear why the auto sector is as weak as it is

While many of the market’s semiconductor stocks slid into Tuesday’s close, CNBC’s Jim Cramer noticed one key player prevail: the stock of Advanced Micro Devices, which has rallied an astounding 192 percent just in 2018. “Many of the semiconductor stocks were down today, but not this one,” the “Mad Money” host said. “Why? End markets.” […]

Police officers are seen in front of a cargo ship with containers at a port in Qingdao, Shandong province, China April 6, 2018.

Auto industry caught in the trade war crosshairs

The trade war comes along at a particularly bad time for BMW. The automaker recently authorized a $1 billion expansion for its plant in Spartanburg, South Carolina, its largest manufacturing complex in the world. The move was intended to create about 1,100 new jobs with the addition of the all-new X7 model, BMW’s largest and […]