Asian shares were lower on the first trading day of the week, as investors switched to a 'risk-off' mode.» Read More
Feb 4- U.S. auto dealer Asbury Automotive Group Inc posted a better-than-expected quarterly profit as an improving economy and easier availability of loans encouraged more Americans to buy cars. Asbury, which gets most of its revenue from sales of luxury cars made by BMW, Mercedes-Benz, Honda and Nissan, said it sold 10 percent more new cars in the fourth quarter.
Asian equity markets suffered heavy losses on Tuesday after weak economic data sparked fears of a slowing U.S. economy.
*Toyota raises FY 2013/ 14 oper profit outlook 9 pct to record $23.7 bln. TOKYO, Feb 4- Toyota Motor Corp expects the U.S. auto market to continue a mild recovery in 2014 despite poorer than expected sales last month, an executive said, although concerns linger that it will face intensified competition and eroding profits in its largest market.
Toyota Motor Corp raised its operating profit forecast for the financial year as the yen, which fell against the dollar, buoys profits.
TOKYO, Feb 4- Toyota Motor Corp raised its operating profit forecast for the financial year by 9 percent to a record 2.4 trillion yen as the yen, which has fallen against the dollar by some 9 percent this financial year, buoys profits of the export-oriented car maker.
Car sharing companies, which started gaining traction in cities about a decade ago, are increasingly becoming a threat to new vehicle sales.
Ben Collett, Head of Asian Equities at Sunrise Brokers, explains why he isn't worried about the Nikkei's selloff and singles out 3 stocks to watch for.
Toyota reports quarterly profits on Tuesday that are likely to be nearly five times what it booked a year ago.
TORONTO, Feb 3- Canadian auto sales nudged just 0.3 percent higher in January, as imports outsold Detroit Three vehicles, but bad winter weather and a big December sales push likely skewed the results, an independent auto industry expert said on Monday.
U.S. automakers Ford Motor Co and General Motors Co as well as Japan's Toyota Motor Sales USA and American Honda Motor Co saw auto sales plummet in January, missing analysts' estimates for the month.
NEW DELHI, Feb 3- India's largest carmaker Tata Motors unveiled its first new models in four years on Monday, banking on two small cars to reverse the company's sliding passenger car sales in the face of growing foreign competition.
NAGOYA, Japan, Feb 3- Toyota Motor Corp is one of the conspicuous success stories of Japan's radical efforts to revive its economy, with profits rebounding and its 60,000 workers in Japan hoping this year to receive their first base wage rise in six years.
TOKYO, Feb 3- Mitsubishi UFJ Financial Group Inc reported a 5.5 percent rise in net profit in the group's latest quarter, making up for slowing stock-related earnings with income from overseas lending.
For global automakers, the dusty backroads of rural India could be the new El Dorado.
MUMBAI, Feb 3- For global automakers, the dusty backroads of rural India could be the new El Dorado. That's pushing the likes of General Motors and Honda Motor Co to fan out in search of buyers in places where fewer than 20 people in every thousand own a car- for now.
DETROIT, Jan 31- Snow and bone-chilling weather likely hurt U.S. auto sales in January but should not prevent the industry from continuing its rebound, analysts said. However, the inclement weather led Buckingham Research analyst Joseph Amaturo to predict a rate of 15.3 million vehicles.
Toyota has told U.S. safety officials that seat material in several vehicles has failed to meet fire retardation standards and could face recall.
TOKYO, Jan 31- Honda Motor Co warned auto demand is cooling in emerging markets and especially Southeast Asia, but Japan's third-biggest carmaker remained upbeat about its prospects and said it aims to sell a record 4.5 million vehicles or more in 2014..
Jan 30- AutoNation Inc, the largest U.S. automobile dealer group, sped by Wall Street's quarterly earnings expectations on robust sales of luxury cars like Mercedes-Benz and BMW, and its shares rose as high as 6.4 percent.
Jan 30- AutoNation Inc, the largest U.S. automobile dealer group, sped by Wall Street earnings expectations on Thursday on robust sales of luxury cars like Mercedes-Benz and BMW.