Asian markets declined in tepid trade on Tuesday as investors digested a raft of Chinese economic reports and ignored a record close on Wall Street.» Read More
TOKYO-- Sales of Toyota and Honda vehicles nosedived in China during September as anti-Japanese sentiment flared over a territorial dispute that threatens to hobble what was a booming business relationship between Japan and its biggest export market.
The latest numbers on wholesale prices the dealers are paying shows not only how far prices have dropped, but also raises the questions of how much further they could slide.
"The banks' decision is further evidence that the unilateral actions by Japan is freezing bilateral relations and now starting to weigh on the world's economy," Xinhua cited Mei Xinyu, a researcher at the International Trade and Economic Cooperation Institution under China's Ministry of Commerce, as saying.
BEIJING, Oct 8- General Motors Co's auto sales in China climbed only 1.7 percent in September, barely benefiting from its Japanese rivals' plunging sales, in contrast to European and South Korean carmakers.
BEIJING, Oct 8- General Motors Co's September auto sales in China climbed only 1.7 percent in September, barely benefiting from its Japanese rivals' plunging sales, in contrast to European and South Korean carmakers.
A territorial dispute with China, which has disrupted Japanese firms operating on the mainland and hurt exports, is expected to deal a significant blow to Japan’s economy, which is already losing its momentum and could contract in the fourth quarter, JPMorgan said
Oct 8- The following are the top stories on the New York Times business pages on Monday. *The recall of 268,000 CR-V crossovers in the United States announced on Saturday was Honda Motor's third recall for the week.
*Toyota, Honda to cut working hours, slow line speed-Nikkei. TOKYO, Oct 8- Japan's Toyota Motor Corp, Nissan Motor Co and Honda Motor Co plan to slash production in China by roughly half, the Nikkei newspaper reported on Monday, as a territorial row between Asia's two largest economies cuts sales of Japanese cars in the world's biggest auto market.
TOKYO, Oct 8- Toyota Motor Corp, Nissan Motor Co and Honda Motor plan to roughly halve their production levels in China, the Nikkei reported on Monday, as a territorial row between the two countries cuts sales of Japanese cars in the world's biggest auto market. Nissan has two passenger car factories in China-- in Huadu and Zhengzhou-- with two lines each.
California motorists faced another day of record-breaking gasoline prices Sunday, though relief appeared to be on the way.
TOKYO, Oct 7- Honda Motor Co said it would recall about 489,000 CR-Vs in Europe and the United States after finding rain water may enter the vehicles' power window switch on the driver's door, which could ultimately cause the switch to overheat and catch fire.
It's a record, though just barely. The price of gasoline hit an all-time average high in California of $4.6140 a gallon Saturday, fueled by a reduced supply and a volatile market.
Honda Motor is recalling CR-V crossovers from the 2002 to 2006 model years because an electrical switch in the driver’s side door could melt and cause a fire. Separately, Chrysler said it was recalling trucks because of axle nut issue.
THE INVESTIGATION: Federal safety regulators are investigating Honda's Odyssey minivan and Pilot SUV because they can roll away unexpectedly. The agency will decide if the vehicles should be recalled.
DETROIT-- U.S. safety regulators are investigating complaints that Honda Odyssey minivans and Pilot SUVs can roll away after drivers remove the ignition key. The probe by the National Highway Traffic Safety Administration affects more than 577,000 older-model vehicles, which were big sellers with families because of their space and reputation for quality.
An estimated 577,100 Honda vehicles are being investigated by the National Highway Traffic Safety Administration's Office of Defects Investigation. "Honda will cooperate with NHTSA through the investigation process, and will initiate our own internal review of the available information," said a spokesman for American Honda Motor Co..
DETROIT-- U.S. safety regulators are investigating complaints that Honda Odyssey Minivans and Pilot SUVs can roll away after drivers remove the ignition key. The probe by the National Highway Traffic Safety Administration affects more than 577,000 vehicles from the 2003 and 2004 model years that have automatic transmissions.
*Nikon extends losses on report of disappointing H1 profit. TOKYO, Oct 5- Japan's Nikkei average hit a one-week high on Friday, lifted by gains in some battered cyclical stocks, but Nikon Corp tumbled on reports of poor earnings and carmakers were sold off on concern about plummeting sales in China.
OKLAHOMA CITY-- The governors of Oklahoma and Colorado say their effort to encourage manufacturers to produce compressed natural gas vehicles is gaining momentum. Mary Fallin and Colorado Gov. Fallin says dealerships representing Ford, Chrysler, General Motors and Honda have submitted more than 100 bids.