MILAN— Italian carmaker Fiat SpA, which controls Chrysler, says its second-quarter profits dropped by more than a half due to lower performance in North and Latin America. Fiat said Wednesday that net profit was 197 million euros, compared with 435 million euros in the same period last year.» Read More
DETROIT— Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers.
DETROIT, July 30- South Korean automaker Hyundai Motor Co will recall about 883,000 Sonata mid-sized sedans in the United States and Puerto Rico because a potentially defective transmission-shift cable could increase the risk of a crash. Hyundai officials could not immediately be reached for comment.
India's largest online retailer Flipkart raises $1 billion in fresh capital as Amazon looms Toyota remains No. 1, at top in global vehicle sales after first 6 months, beating VW and GM Twitter posts stronger-than-expected 2nd- quarter results, stock flies high European shares down ahead of US data, Asia gains on US earnings reports Russia's central bank promises support for targets of new sanctions Nintendo reports worse-than-expected quarterly loss as Wii U sales momentum picks up slowly Small cars fare poorly in new frontal crash tests, Mini Cooper Countryman gets top rating Barclays chief applauds claw-back idea on bonuses as income in its investment bank falls Fed widely expected to make sixth reduction in bond purchases at this week's meeting Spanish economy expanded 0.6 percent during second quarter— fastest rate since 2007
*Finance Ministry cuts 2014 GDP growth f'cast to 2 pct from 2.6 pct. The poor output figures increases worries that Southeast Asia's second-largest economy may have slipped into recession in the second quarter, though the Finance Ministry said there was a little growth in April-June.
BANGKOK, July 30- Thai factory output fell nearly twice as much as expected in June, the latest piece of data signaling that eased political tension is not yet generating a revival for the struggling economy. In June, factory output dropped 6.6 percent from a year earlier, the Industry Ministry said on Wednesday.
Toyota remains No. 1, at top in global vehicle sales after first 6 months, beating VW and GM Twitter posts stronger-than-expected 2nd- quarter results, stock flies high Asia stock markets rise on earnings, await US economic growth report Eyeing weakness in Russian economy, West seeks to inflict more pain on Moscow Small cars fare poorly in new frontal crash tests, Mini Cooper Countryman gets top rating Fed widely expected to make sixth reduction in bond purchases at this week's meeting Growing demand for travel, mostly in developing nations, to pose safety challenge for airlines Key questions about Argentina's fight with US hedge funds over outstanding debt US consumer confidence rises to 90.9 in July, strongest reading since October 2007 American Express second-quarter profit increases 9 percent, tops estimate
GM was hit with a lawsuit brought on behalf of more than 650 people allegedly injured or killed in accidents involving cars that have been recalled.
DETROIT, July 30- The General Motors Co Chevrolet Volt was the only one of a dozen small cars tested by the Insurance Institute for Highway Safety to earn a "Top Safety Pick+" award, the IIHS said in a statement on Wednesday.
Crash tests involving two popular electric cars show the batteries in those vehicles hold up with no major issues after violent collisions.
BANGKOK, July 30- Thai factory output fell more than expected in June, showing the economy continues to struggle to regain traction. In June, factory output dropped 6.6 percent from a year earlier, the Industry Ministry said on Wednesday. Thailand is a regional hub and export base for global automakers and a major producer of hard disk drives.
*VW expected to overtake Toyota this year with China growth. TOKYO, July 30- Volkswagen is closing in on Toyota Motor Corp as the global leader in vehicle sales, with a rapid expansion drive in China- the world's biggest auto market- while Toyota curbs growth to focus on shoring up quality.
TOKYO, July 30- Volkswagen is poised to overtake Toyota Motor Corp as the global leader in vehicle sales, with a rapid expansion drive in China- the world's biggest auto market- while Toyota curbs growth to focus on shoring up quality.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Corning Inc., down $2.05 to $20. CenturyLink Inc., up $2.19 to $39.90.
Auto sales are expected to remain robust over the next few years, explains CNBC's Phil LeBeau. However, dealerships are struggling with not enough inventories.
The majority of Americans are ready to hand over control to self-driving vehicles—so long as they're able to maintain a bit of control.
DETROIT— Ally Financial Inc. on Tuesday reported a second-quarter profit after posting a loss in the same period a year ago as more people deposited money into its bank and demand for auto loans increased.
Eric Hauser, autos analyst at ISI Group, comments on Renault's quarterly results, which he describes as "light on cash generation".
WOLFSBURG, Germany, July 29- Volkswagen's move to add extra German production shifts for its top-selling Golf hatchback, which the group has attributed to strong demand, is also due to problems adjusting to its flagship new manufacturing platform, company sources told Reuters.
The recall covers the Verona from the 2004-2006 model years. All the cars were made by General Motors in Korea. Suzuki says there were no fires reported in Verona models.
DETROIT, July 29- Auto systems supplier TRW Automotive Holdings Corp, targeted for takeover by ZF Friedrichshafen, easily beat Wall Street profit expectations for the second quarter as revenue rose 2 percent. Excluding one-time items, TRW earned $2.32 per share in the quarter, versus $2.02 a year earlier, it said on Tuesday.