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European stocks closed higher after volatile trade on Friday, boosted by a rally in the auto sector. The pan-European FTSEurofirst 300 closed provisionally at a new 5-year closing peak.
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European stocks closed higher after volatile trade on Friday, boosted by a rally in the auto sector. The pan-European FTSEurofirst 300 closed provisionally at a new 5-year closing peak.
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FRANKFURT, Germany-- Daimler AG has unveiled the newest version of its S-Class model from luxury brand Mercedes-Benz, a car that will play a key role in the company's effort to restore its earnings performance. The new S-class sedan was shown off Wednesday in Hamburg, Germany.
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Americans are driving less, waiting longer to get licensed and are increasingly turning to alternatives to driving such as mass transit or car-sharing programs. NBC News reports.
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*Union wants 5.5 pct wage hike, has rejected 2.3 pct offer. STUTTGART/ HAMBURG, May 7- Almost 100,000 metal and electrical workers went on strike across Germany on Tuesday as they sought to put pressure on their employers to increase a pay offer, engineering union IG Metall said.
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BRUSSELS, May 7- The top speed of vans in the European Union should be electronically limited to 120 km per hour, according to a proposal backed by the European Parliament's environment committee. Under Tuesday's proposal, vehicle makers would have to fit all new vans sold in the European Union with devices to restrict their speed from Jan. 1 next year.
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FRANKFURT, May 7- Volkswagen AG's luxury unit Audi said sales rose 6.6 percent in April to 133,500 vehicles, maintaining the car maker's lead over Daimler AG's. Growth was driven by China, where sales were up 13.1 percent for the month, and by the United States, where sales increased by 14.2 percent, Audi said on Tuesday.
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STUTTGART/ HAMBURG, May 7- Almost 100,000 metal and electrical workers went on strike across Germany on Tuesday as they sought to put pressure on their employers to increase a pay offer, engineering union IG Metall said.
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STUTTGART, Germany, May 6- German automaker Daimler is recalling 3,500 Mercedes-Benz Citan vans in Europe because of faulty airbags.
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DETROIT, May 3- Tesla Motors Inc, the automaker led by billionaire Elon Musk, overhauled financing strategy for the Model S electric sedan in response to criticism that its initial plan last month overstated the potential cost savings.
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BERLIN, May 3- German new-car production rose 17 percent to 500,800 autos in April, reducing the year-to-date decline to 5 percent or 1.83 million cars, the VDA automakers' association said on Friday.
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BERLIN, May 3- Germany's auto market returned to growth in April as new vehicle sales increased 3.8 percent to 284,000 vehicles, the VDIK industry association for import brands said.
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*Goldman Sachs cuts price target to 57 euros from 62 euros; rating. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
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FRANKFURT, May 3- Germany's new car market returned to modest growth in April as the month had one business day more than the year-earlier period and purchases by consumers picked up, a source said. New car registrations edged up by between 1 percent and 2 percent in April, the person, who is familiar with Germany's car data, told Reuters on Friday.
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*Raises full-year 2013 EPS forecast to $3 from $2.70- $2.90. May 2- Audio systems maker Harman International Industries Inc, whose brands include JBL and Harman Kardon, raised its earnings forecast for the year ending June, and said it will shift more jobs to lower-cost countries in the next five years.
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FRANKFURT, May 2- Almost 50,000 metal and electrical workers at more than 100 firms went on strike in Germany on Thursday to press employers to raise their pay offer, engineering union IG Metall said, adding there would be further industrial action in coming days. That would help Germany show it is doing its part to foster growth in the euro zone.
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FRANKFURT, May 2- Thousands of German metal and electrical workers went on strike on Thursday to press employers to raise their pay offer and engineering union IG Metall said there would be more industrial action on Friday. Germany's biggest industrial union is calling for wage hikes of up to 5.5 percent for some 3.7 million workers from May.
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May 2- Audio systems maker Harman International Industries Inc, which owns brands such as JBL and Harman Kardon, reported a 80 percent drop in quarterly profit as lower automotive production in Western Europe hit revenue in the company's biggest business.
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PARIS, May 2- France's car sales decline slowed to a 5.2 percent drop in April, according to data published on Thursday, raising hopes that auto demand may be about to stabilize. PSA Peugeot Citroen lost more market share in April as it posted a 12.1 percent sales decline, but French peer Renault outperformed rivals with a more modest drop of 2.8 percent.
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May 1- The following are the 20 top-selling vehicles in the U.S. through April of 2013 as reported by the automakers and ranked by total units. Top 20 selling vehicles in U.S. in April.
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May 1- The following are U.S. auto sales results for April reported on Wednesday by top-selling automakers. Auto Sales For April 2013.