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SHANGHAI, Sept 5- Ford Motor Co will recall 191,770 cars in China from Friday to replace some parts after a quality watchdog found a fuel leak risk in the Ford Focus, the country's best-selling compact sedan.
DETROIT, Sept 5- A group of companies, including several large automakers, have joined a public-private research initiative to lay the groundwork for a system that wirelessly connects vehicles and helps smooth the flow of traffic, the University on Michigan said on Friday.
Ford Motor Co. fell$. 06 or. 3 percent, to $17.21. General Motors Co. fell$. 22 or. 6 percent, to $34.41. Honda Motor Co. fell$. 08 or. 2 percent, to $33.81.
SAO PAULO, Sept 4- Automobile production in Brazil rose in August, though the slight gain looks unlikely to offset concerns over an industry crisis weighed by a sluggish local economy, weak consumer confidence and falling exports. Brazil's auto industry, which makes up a fifth of the country's manufacturing output, has slashed production this year as sales lag.
SAO PAULO, Sept 4- Automobile production in Brazil rose 5.3 percent and sales fell 7.6 percent in August from July, national automakers' association Anfavea said on Thursday. Compared with a year ago, auto output fell 22.4 percent and sales dropped 17.2 percent.
Strong demand in Ontario and parts of western Canada drove industry sales of 171,560 new vehicles in the month of August, up from 159,004 a year ago, said Dennis DesRosiers of DesRosiers Automotive Consultants.
One pro thinks Tesla is overvalued, but another thinks the stock will continue to move higher.
U.S. stocks closed mixed on Wednesday, coming off morning highs amid economic reports and central bank news.
WASHINGTON, Sept 3- New orders for U.S. factory goods posted a record gain in July and auto sales last month appeared to increase at their fastest annualized pace since early 2006, offering further bullish signals for the economy. "U.S. economic activity continues to improve," said Jennifer Lee, a senior economist at BMO Capital Markets in Toronto.
August auto sales were the highest for that month in more than a decade, with the industry selling at an annualized pace not seen since early 2006.
TORONTO, Sept 3- Ford Motor Co of Canada Ltd said on Wednesday that it was the country's top seller of new vehicles in the month of August, as sturdy truck demand helped it maintain leadership for a fifth consecutive month. Truck sales rose 33.3 percent, to 24,302 vehicles, while car sales dropped 31.8 percent to 2,523, said Chrysler, a unit of Fiat SpA.
GM held on to the top spot, while Toyota Motor Corp edged Ford Motor Co for the second straight month. The lowest gasoline prices in four years helped GM and Chrysler Group, a unit of Fiat SpA, achieve double-digit gains in sales of full-size pickups, which provide the bulk of profit.
TORONTO, Sept 3- Ford Motor Co of Canada Ltd said on Wednesday that it was the country's top seller of new vehicles in the month of August, as sturdy truck demand helped it maintain leadership for a fifth consecutive month. Honda Canada reported a 44 percent jump in August sales of its Honda and Acura brands, to 13,663 vehicles.
CNBC's Phil LeBeau provides the August auto sales numbers by major brands including Ford, GM and Toyota.
NEW YORK, Sept 3- The key Nasdaq index fell on Wednesday as a drop in Apple shares pulled down the technology sector, while earlier gains in the broader S&P 500 dissipated amid uncertainty over ceasefire negotiations between Ukraine and Russia.
General Motors Co narrowly missed expectations, but held on to the top spot, while Toyota Motor Corp edged Ford Motor Co for the second straight month. The lowest gasoline prices in four years helped GM and Chrysler Group, a unit of Fiat SpA, achieve double-digit gains in sales of full-size pickups, which provide the bulk of profit.
NEW YORK, Sept 3- U.S. stocks rose on Wednesday, with the S&P 500 touching a new record high on optimism a resolution would be reached between Ukraine and Russia and data showing manufacturing activity continues to strengthen.
WASHINGTON, Sept 3- New orders for U.S. factory goods jumped in July and automobile sales in August were unexpectedly strong, offering further signs of strength in the manufacturing sector. The Commerce Department said on Wednesday new orders for manufactured goods increased a record 10.5 percent on robust demand for transportation equipment.
August auto sales were unexpectedly strong, led by Ford Motor Co, Chrysler Group and Nissan Motor Co, which easily beat analysts' estimates as the industry is seen reaching volumes not seen since before the recession. Ford sales were up 0.4 percent, while Chrysler, a unit of Fiat SpA, showed a 20 percent gain, the automakers reported on Wednesday.
DETROIT, Sept 3- Chrysler Group, a unit of Fiat SpA, handily beat analysts' expectations by showing a 20 percent gain in U.S. auto sales for August, and forecast a stronger-than-expected month for the full industry. Nissan Motor Co also beat expectations, showing a sales gain of 11.5 percent to 134,388 vehicles.