HONG KONG, July 14- China shares posted their best daily gain in a month on Monday as carmakers extended recent gains after the government announced a fresh boost for the sector. The Shanghai Composite Index ended up 1 percent at 2,066.65 points, a four-week high, while the CSI300 of the leading Shanghai and Shenzhen A-share listings climbed 1.1 percent.» Read More
*Could push aluminium price to $2,500 per T- Japan industry body. TOKYO, July 11- Prices for aluminium could climb around a third to as high as $2,500 per tonne if more U.S. automakers start producing vehicles made from the metal, said the new head of Japan's aluminium industry body.
SHANGHAI, July 14- China has told government officials to use more electric and plug-in hybrid cars as part of its drive to cut pollution by putting 5 million such vehicles on the road by 2020..
JOHANNESBURG, July 13- South Africa's metalworkers' union NUMSA rejected the latest pay offer from engineering and steel sector employers on Sunday, saying black workers were still underpaid, and threatened to widen its two-week old strike.
Billions of dollars are riding on how these rules are written, and lobbyists from the railroads, tank car manufacturers and the oil, ethanol and chemical industries have met 13 times since March with officials at the White House and the Pipeline and Hazardous Materials Safety Administration.
BEIJING— At least 30 percent of newly purchased government cars will be electric and other types of "new energy vehicles," China's official news agency reported Sunday, as the country attempts to tackle air pollution and encourage the electric car market.
Earlier this month the brand revealed what it is calling "the most powerful muscle car ever," coming in at a screeching 707 horsepower.
DETROIT, July 12- Incoming Cadillac President Johan de Nysschen- the brand's third boss in two years- faces a daunting task that his predecessors failed to complete: How to reposition General Motors Co's 112- year-old premium brand as a true competitor to BMW and Mercedes-Benz.
DETROIT, July 11- Incoming Cadillac President Johan de Nysschen- the brand's third boss in two years- faces a daunting task that his predecessors failed to complete: How to reposition General Motors Co's 112- year-old premium brand as a true competitor to BMW and Mercedes-Benz.
FRANKFURT/ BERLIN, July 11- German car parts maker ZF Friedrichshafen's takeover offer for rival TRW looks unlikely to draw rival bids for the U.S. company but could trigger further deals down the line, bankers and analysts said on Friday.
General Motors has hired Johan de Nysschen to run its struggling Cadillac division.
July 11- Chrysler Group LLC said it would recall almost 900,000 sport utility vehicles to fix the wiring for vanity mirror lights in sun visors, to prevent short circuits. About 651,000 of the 895,000 vehicles being recalled are in the United States.
TOKYO/ DETROIT, July 11- The chief of Nissan Motor Co's Infiniti premium brand, Johan de Nysschen, is leaving two years after he joined the Japanese carmaker, a Nissan spokeswoman said on Friday. General Motors Co has hired de Nysschen, 54, to run its luxury Cadillac brand, a source familiar with the plans who asked not to be identified said on Friday.
July 11- Chrysler Group LLC said it would recall almost 900,000 sport utility vehicles to fix the wiring for vanity mirror lights to prevent any potential short circuits. The recall affects some 2011-2014 models of Jeep Grand Cherokee and Dodge Durango, the company said in a statement.
NEW YORK— Chrysler says it is recalling 651,000 Jeep and Dodge SUVs in the U.S. because vanity mirror lights that have undergone repairs can short circuit and start a fire if not reassembled correctly. The recall is for certain 2011 to 2014 Jeep Grand Cherokee and Dodge Durango models.
*Could push aluminum price to $2,500 per T- Japan industry body. TOKYO, July 11- Prices for aluminum could climb around a third to as high as $2,500 per tonne if more U.S. automakers start producing vehicles made from the metal, said the new head of Japan's aluminum industry body.
HONG KONG, July 11- China shares edged up on Friday, lifted by solid gains for carmakers and property developers, which investors expect to benefit from policy changes. On Thursday, Jinan in eastern Shandong province removed restrictions on home purchases, sparking hopes more cities will follow suit.
HONG KONG, July 11- China shares edged up early Friday, aided by gains for auto stocks on improved first-half car sales and belief that a government policy promoting "green" vehicles will help in the second half. Hong Kong markets opened lower, following losses overnight on U.S. bourses, then scratched out gains that couldn't be maintained as banks underperformed.
Jerry Brown announced Thursday that he signed legislation creating a $420 million tax credit for aerospace contractor Lockheed Martin, in a measure that also includes other tax incentives apparently designed to benefit California- based electric car maker Tesla Motors Inc..
*Lumber Liquidators tumbles after revised outlook. NEW YORK, July 10- U.S. stocks dropped on Thursday as concerns about the financial health of Portugal's top listed bank gave investors a reason to cash in recent gains.
July 10- Germany's ZF Friedrichshafen said it was in early-stage buyout talks with U.S. auto parts supplier TRW Automotive Holdings Corp.. The companies did not disclose any financial details of the deal, but a Bloomberg report said ZF valued TRW at $11 billion to $12 billion.