*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.» Read More
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.
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 on Tuesday as revenue rose 2 percent. Excluding one-time items, TRW earned $2.32 per share in the quarter, versus $2.02 a year earlier.
PARIS— French carmaker Renault says its profits in the first half of the year rose, partly thanks to lower costs as its revenue dropped. The maker of the Twingo and Clio hatchbacks said Tuesday its net income rose to 749 million euros from 39 million euros a year earlier.
*Renault cost-cutting boosts margin as sales decline. PARIS, July 29- Renault made progress towards a core profitability goal as cost-cutting helped to counter currency headwinds in the first half, the French carmaker said, but sales and cash flow suffered ahead of the replacement of key models.
TOKYO— Honda's quarterly profit surged nearly 20 percent on demand for remodeled cars in Japan and elsewhere in Asia. Honda, Japan's No. 3 automaker, posted 574 billion yen profit on 11.84 trillion yen sales for the last fiscal year, which ended March 2014.
At Fox Ford and Lincoln not far from Chicago's Loop, Mike Fullmer says sales are so brisk his biggest concern is keeping up with demand.
Koji Endo, Managing Director at Advanced Research Japan, discusses how domestic sales and recent recalls will impact Honda's first quarter results on Tuesday.
Alec Gutierrez, Senior Market Analyst, Automotive Insights at Kelley Blue Book, discusses Nissan's robust results in the second quarter and outlines his earnings estimates for Honda.