Asian stocks traded mixed on Thursday, with Chinese shares significantly lower after a lower-than-expected preliminary reading of mainland manufacturing activity.» Read More
Oct 2- The following are the 20 top-selling vehicles in the U.S. in September 2012 as reported by the automakers and ranked by total units. Top 20 selling vehicles in U.S. in September.
TORRANCE, Calif.-- Honda said Tuesday its September U.S. sales jumped 31 percent, boosted by strong demand for its Acura luxury vehicles. BY THE NUMBERS: Honda sold a total of 117,211 vehicles last month, up from 89,532 in the same month last year. TOP SELLER: Sales of the Accord sedan rose 57 percent to 29,182 from 18,639 in September 2011.
*Toyota, Honda see large sales gains. DETROIT, Oct 2- U.S. auto sales for September looked set to jump about 13 percent from a year ago, beating analyst estimates because of cheap financing, stronger consumer sentiment and rebounding sales from foreign automakers including Toyota Motor Corp.
*American Honda-reported September 2012 U.S. an increase of 30.9 pct. *American Honda-Honda Division posted September 2012 sales of 102,845.
--Group 1 Automotive Inc.' s credit measures, in our opinion, have the potential for continued modest improvement in the year ahead. --We are revising our' BB' rating outlook on Group 1 to positive from stable. Rating Action On Oct. 2, 2012, Standard& Poor's Ratings Services revised its rating outlook on Houston- based automotive retailer Group 1 Automotive Inc..
After two years being a strong number two in auto sales in the U.S., Ford is finding its lead over Toyota dwindling.
Sales rose for most automakers, led by gains of more than 30 percent for Toyota and Volkswagen. Toyota sales rose 42 percent from a year earlier, while Volkswagen jumped 34 percent from September 2011. Nissan, which has been hurt as Toyota and Honda recover from last year's earthquake in Japan, saw sales fall 1.1 percent.
U.S.-traded shares of Toyota Motor Corp. were slipped 22 cents to $76.85 although Japan's largest automaker said sales rose 42 percent. Honda Motor Co. sales rose 31 percent but its shares dropped a penny to $30.58. Nissan Motor Co. shares rose 11 cents to $16.84 although September sales declined by 1 percent.
Oct 2- The following are the U.S. auto sales results for September reported by top-selling automakers so far on Tuesday. Auto Sales For September 2012. SOURCE: Autodata Corp and Reuters calculations.
DETROIT-- Chrysler's U.S. sales rose almost 12 percent last month as the company reported its best September in five years. Volkswagen also reported a large sales increase, up 34 percent from a year earlier. "We remain optimistic about the health of the U.S. new vehicle sales industry and our position in it," said Reid Bigland, Chrysler's head of U.S. sales.
DETROIT, Oct 2- General Motors Co said U.S. auto sales for September are estimated to be 14.6 million vehicles on a seasonally adjusted annualized basis. That figure would be slightly higher than the 14.5 million vehicles on an annualized basis in August. Honda Motor Co was the largest automaker by U.S. sales that had not yet reported monthly numbers.
DETROIT-- Interest rates are low, trade-in values are high, and carmakers are rolling out attractive new models in key areas. All of these factors combined to keep auto sales strong in September.
Oct 1- Honda Motor Co Ltd:. *Honda Canada-voluntary recall of about 29,947 Honda accord v6 sedans to. replace power steering feed hose in Canada.
DETROIT-- Honda is recalling 600,000 Accord midsize cars in the U.S. and Canada to fix a faulty power steering hose that can leak fluid and cause a fire. Honda has a report of one fire but no injuries or crashes. Any owner who suspects a leak should take their car to a dealer for inspection, Honda spokesman Ed Miller said Monday.
DETROIT-- Honda is recalling 573,000 Accord midsize cars in the U.S. to fix a defective power steering hose that can leak fluid and catch fire. Honda says one fire was reported but no injuries. The National Highway Traffic Safety Administration says the hoses can deteriorate prematurely, causing cracks and leaks.
Oct 1- Honda Motor Co Ltd is expanding a recall in North America to include more than 600,000 Accord mid-size sedans to address a potential power steering fluid leak problem that could cause a fire under the hood.
In this market, whenever you get some good news Fast traders Guy Adami and Steve Cortes say sell it - be nimble, take the money and run.
Supply disruptions related to the earthquake and related crisis in Japan haven't affected Mercedes-Benz yet, but could down the road, warned Ernst Lieb, the automaker's U.S. CEO, in an interview with CNBC.
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If the US auto industry is to survive, it will have to undergo a major transformation—slashing operations, focusing on fewer models, shedding dealerships and making better cars, analysts say.