Honda is recalling nearly 900,000 Odyssey minivans that could catch fire, say safety regulators» Read More
Exporters shed after a rally propelled by a weaker yen over the past week and a half, with automakers Toyota Motor Corp and Honda Motor Co down 1.3 and 1.4 percent respectively, and construction machinery maker Komatsu Ltd slipping 2.1 percent.
*Asbury plans to repurchase $25 M- $30 M of stock per year. Oct 23- U.S. auto dealership groups Sonic Automotive Inc and Asbury Automotive Group Inc posted higher third-quarter adjusted earnings as vehicle sales rose and costs stayed about flat.
A 40 mile stretch of a toll road between Austin and San Antonio, Texas will allow drivers to go 85 miles per hour — the highest speed limit on any highway in the U.S.
Chalk another one up for the recession and how it has altered life in America. New analysis by the automotive research firm Polk shows Americans can now expect to buy fewer new cars during their lifetime.
By Adam Tempkin and Charles Williams. Moreover, with frequent issuers Hyundai, Honda, Ally, World Omni and Ford already having tapped the market with large deals in recent weeks, issuance is bound to taper off, potentially focusing more on the so-called off-the run and esoteric sectors, as well as smaller auto issuers.
Electronics Corp for JPY 200 billion- NIKKEI. *The innovation network corp. of Japan to invest JPY 150 billion to acquire. *Toyota Motor Corp, Nissan Motor Co, Honda Motor Co, Denso Corp, Panasonic Corp, others to invest about JPY 50 billion combined-NIKKEI.
Investigators will determine if the problem is bad enough for Honda to recall the SUVs. The brakes can come on without drivers stepping on the pedal, the National Highway Traffic Safety Administration says in documents posted on its website Friday. Honda says it's cooperating with the investigation and starting its own probe.
BEIJING, Oct 12- Vehicle sales in China fell 1.8 percent in September from a year earlier as Japanese automakers' sales collapsed. Industry-wide sales in China, including passenger cars and commercial vehicles, totalled 1.62 million vehicles in September, compared with 1.65 million a year ago, according to the China Association of Automobile Manufacturers.---------------------------------------------------------------.
to' sell' from' under perform', while maintaining its' sell' rating on Hero MotoCorp. ,citing weak demand growth, a consumer shift to scooters over motorcycles, and rising competition. *The brokerage says this shift in sales trend would most benefit Honda Motorcycle and Scooter India, the domestic two-wheeler unit of Honda Motor Co.
TOKYO, Oct 11- Toyota Motor Corp has "high hurdles" to achieving its Lexus luxury brand's 2012 global sales target of 500,000 vehicles after sales of Japanese car brands plummeted in China, a company executive said on Thursday.
DETROIT, Oct 11- Ford Motor Co, vying to challenge Toyota Motor Corp's dominance in the hybrid market, said on Thursday that its 2013 C-Max Energi plug-in hybrid gets 100 miles per gallon, beating the 2012 Prius by about 5 percent.
NOTE: Reuters has not verified this story and does not vouch for its accuracy.
YANGON, Oct 11- Holy water is sprinkled over a new Honda sub-compact festooned with flowers and red ribbons. The Honda's owner, Nyein Chang Aung, hopes the blessing will protect him from accidents in a country with some of the world's most treacherous roads. As Myanmar opens up, its antiquated transportation system is undergoing dramatic change.
WASHINGTON-- Thousands of motorists may be driving cars and trucks installed with dangerous counterfeit bags and they should have them replaced at their own expense, the Obama administration warned Wednesday.
COLUMBIA, S.C.-- A group that promotes the use of alternative fuels is taking part in an event at the University of South Carolina. National Alternative Fuel Vehicle Day Odyssey was created by a program of West Virginia University in 2002 and has been held every two years since.
Oct 10- Toyota Motor Corp said it would recall more than 7.4 million vehicles worldwide as a faulty power window switch was a potential fire hazard, the latest in a series of setbacks for Japan's biggest automaker.
BEIJING-- China's auto sales shrank in September as a territorial dispute with Tokyo prompted buyers to avoid Japanese brands, hurting already weakening demand. In September, sales of Japanese vehicles plunged as the dispute between Beijing and Tokyo over a group of uninhabited islands in the East China Sea prompted buyers to avoid Japanese showrooms.
WASHINGTON-- Car owners whose air bags have been replaced in the past three years may have had dangerous counterfeit bags installed, the Obama administration warned Wednesday.
BEIJING/ SHANGHAI, Oct 10- Vehicle sales in China fell 1.8 percent in September from a year earlier, as Japanese automakers' sales collapsed, adding to downward pressures from a slowing economy and rising fuel costs that have weighed on the world's biggest auto market.
TOKYO, Oct 10- Japan's Toyota Motor Corp announced a massive recall on Wednesday to fix malfunctioning power window switches, saying it will pull back 7.43 million vehicles worldwide in the biggest single recall since 1996, performed by Ford Motor Co. The recall primarily affects cars in the United States, China and Europe.