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Japanese automobile giant Honda disappointed markets with a trimmed forecast for 2013 this week, but the negative number masks signs of a recovery for the automaker and the rest of the nation's battered sector, said analysts.
Honda Motors trimmed its annual net profit forecast by 1.3 percent to 370 billion yen after car sales have been knocked in China, and as it continues to struggle in Europe.
In North America it is growing profits and margins while Europe is a money losing operation.
Toyota Motors regained the crown as the world's top selling automaker in 2012, posting record-high sales and beating rivals General Motors and Volkswagen.
Earnings season is shifting into high gear in the final week of January, with six Dow Jones components, and more than a fifth of the S&P 500 companies reporting.
The yen's steep decline has burnished the outlook for Japanese stocks, prompting analysts to raise profit forecasts for currency-sensitive exporters and foreign investors to plough $17 billion into the market.
Two crossovers and a luxury coupe have everyone buzzing at the Detroit Auto Show.
Volkswagen is going after the mid-size sport utility vehicle market, Jonathan Browning, VW of America CEO, told CNBC.
Americans are "willing again to reward themselves," Bentley President Christophe Georges told CNBC Monday from the Detroit Auto Show.
Ford's turnaround plan is "clearly working," Ford CEO Alan Mulally said in a First on CNBC interview on Monday from the Detroit Auto Show.
BMW showed its new Concept 4 Series Coupe to CNBC at the Detroit Auto Show, saying it has "so much more substance" than its 3 Series predecessor.
Car manufacturer Honda said on Friday it planned to cut around 800 jobs at its south Marston plant near Swindon in Britain by the second quarter of 2013.
Rolls-Royce, long considered the ultimate ultra-luxury car, is more popular than ever before.
Have you ever heard of the vehicle miles traveled tax? No? Well get ready to hear more about it, because the vehicle miles traveled tax, or VMT, is the latest way states are looking to make up for falling gas tax revenues.
As firms like Foxconn shift factories away from higher-cost centers, they are discovering that workers in new locations across China are not as abundant as they had expected, prompting multinationals and their suppliers to use millions of teenage students from vocational and technical schools on assembly lines.
Japan's Nikkei share average climbed to a 22-month high on its first trading day of 2013, as a deal in Washington to avert the "fiscal cliff" buoyed investor risk appetite and the weaker yen lifted exporters such as Toyota Motor Corp.
Automakers ended the year with the December sales rate expected to be about 1.5 million vehicles stronger. The final monthly sales rate is projected to be 15.5 million vehicles.
The rebound in U.S. auto sales shows few signs of slowing, according to a new report that projects new vehicle registrations will top 15 million this year.
South Korea's Hyundai Motor and affiliate Kia Motors are targeting a 4 percent increase in global sales this year to a combined 7.41 million vehicles, their slowest growth since 2003.
They may not be sexy or exciting to drive, but a new study by Consumer Reports says hybrids offer the best value for those buying a new vehicle.