Topic: Auto Sales

General Motors said Monday it has stopped including fuel-saving modules in some of its new pickup trucks due to an ongoing, industry-wide shortage of semiconductor chips.

Retail spending last month grew by about 2% in a positive economic sign amid a significant rise in COVID-19 cases nationwide, the Commerce Department said in its monthly report Friday.

Crowds flocked Monday to Beijing's Auto China 2020, the only major international car show held this year because of the coronavirus pandemic, with potential buyers gawking at new luxury cars and electric vehicles.

Retail spending in the United States increased slightly in July but marked the third straight month of growth, the Commerce Department said in its monthly report Friday.

New vehicle sales dropped less than expected in the first 12 days of April amid many closed showrooms due to restrictions to curb coronavirus spread, research firm J.D. Power said.

After two straight days of losses, stocks on Wall Street gained ground Thursday due to a sharp rise in oil prices.

U.S. auto sales will likely be down more than 15 percent this year as spending slows amid the coronavirus pandemic, British research firm IHS Markit said in a global research update Wednesday.

The German economy, which has struggled to find growth for a year, contracted during the second quarter of 2019, government figures showed Wednesday.

U.S. retail sales rose 0.5 percent in May, led by a sharp increase in auto sales -- but nearly all sectors showed growth, the Commerce Department reported Friday.

U.S. auto sales in the first quarter of 2019 indicate the worst downturn in the market in five years, industry monitor J.D. Power and Associates said Monday.