After the tech sector's brutal selloff and this year's strong run for utility and healthcare stocks, investors are now eyeing a shift into "cyclical" names.» Read More
SAO PAULO, Jan 7- Motor vehicle sales in Brazil are likely to stage a feeble recovery in 2014 from their first annual drop in a decade, an industry group said on Tuesday, as tighter credit and higher taxes stifle the world's fourth-largest car market.
SHANGHAI, Jan 6- China has urged carmaker Chrysler Group LLC, majority-owned by Italy's Fiat SpA, to correct possible defects in its Jeep Wrangler, after vehicles imported into the country were found to have an elevated fire risk, China's quality watchdog said on Monday.
TORONTO, Jan 3- Canadians bought more vehicles in 2013 than ever before, as consumers brushed off high debt and a slow economic recovery to buy trucks and luxury models, though icy weather limited December purchases, numbers released on Friday showed.
TORONTO, Jan 3- Canadians bought more vehicles in 2013 than in any year since 2002, as consumers brushed off high debt and a slow economic recovery to buy trucks and luxury models, though icy weather limited December purchases, numbers released on Friday showed.
*Late Thanksgiving date, bad weather hit December sales. The December results were hit by the late Thanksgiving weekend that pulled more sales into November than usual, as well as snow and ice storms that kept consumers away from dealerships, several automakers and analysts said.
TORONTO, Jan 3- Ford Motor Co's Canadian arm sold fewer vehicles in December than a year earlier but held its position as the country's best-selling automaker in 2013 as truck sales helped it notch overall growth of 2.7 percent, the company said on Friday. Honda Motor Co Ltd said its Civic was Canada's top-selling car for the 16th straight year.
Rising borrowing costs, disappointing economic growth and fading consumer confidence have been dampening demand in Brazil, the world's fourth-largest auto market.
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*GM, Ford, Toyota, Chrysler December U.S. sales all miss. *Toyota sales down 1.7 percent. General Motors Co said that the U.S. auto industry will have December U.S. auto sales at a 15.6 million-vehicle annualized selling rate, well below the 16 million vehicles expected by 27 economists surveyed by Thomson Reuters.
European equities closed lower on Tuesday, after data released from the euro zone gave a mixed picture of the region's recovery.
U.S. stock index futures pointed to a slightly lower open on the first trading day of 2014 amid fears of slower growth in China which weighed on Asian stocks.
Happy Thursday. Starting off the year right, with the first morning six-pack of 2014.
Italian carmaker Fiat struck a $4.35 billion deal to gain full control of Chrysler.
MILAN/ DETROIT, Jan 1- Italian carmaker Fiat SpA struck a $4.35 billion deal to gain full control of Chrysler Group LLC, ending more than a year of tense talks that have obstructed Chief Executive Sergio Marchionne's efforts to combine the two automakers' resources. But it remains to be seen whether a merger will be enough to cut Fiat's losses in Europe.
MILAN/ DETROIT, Jan 1- Italian carmaker Fiat SpA said on Wednesday it has signed an agreement to buy the stake in U.S. automaker Chrysler Group LLC it does not already own, ending months of tense negotiations and allowing Chief Executive Sergio Marchionne to pursue his goal of creating the world's seventh-largest auto group.
DETROIT, Dec 30- December U.S. auto sales, spurred by end-of-the-year bargains, likely rose about 4 percent from a year earlier, industry analysts said.
Car makers in Brazil are worried that higher taxes and new obligatory safety standards will increase the value of cars and reduce sales in the world's fourth largest auto market. Auto sales in Brazil are on track to shrink this year for the first time in a decade, as credit gets tighter and the government gradually winds down its stimulus.
Renault, Toyota and Volkswagen led a 0.9 percent November gain in European car sales, according to industry data published on Tuesday.
DETROIT, Dec 16- Every Wednesday, Ford Motor Co's top executives gather before sunrise to work through some of the company's most vexing problems. Mulally, 68, is a top contender to lead Microsoft Corp, according to sources familiar with the software company.
SAO PAULO, Dec 5- Production and sales of motor vehicles in Brazil fell in November as weaker demand and high inventories kept pressure on the local auto industry. Stagnant demand for cars despite heavy tax incentives from President Dilma Rousseff underscored expectations that sales in Brazil will contract this year for the first time in a decade.