The problem for Korea had seemed obvious: the won has climbed by a third against the Japanese currency, in theory allowing Japanese companies to undercut Korean competitors and carry home more yen.» Read More
DETROIT, May 23- U.S. auto sales in May are expected to rise 6 percent to 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday.
DETROIT, May 23- U.S. auto sales in May are expected to rise about 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday.
*China data heaps pressure on indexes at 5- yr highs. *Halfords wilts in wake of dividend cut. Federal Reserve could soon taper its stimulus programme and compounded by weak economic data from China.
The problem for Korea had seemed obvious: the won has climbed by a third against the Japanese currency, in theory allowing Japanese companies to undercut Korean competitors and carry home more yen.
TOKYO, May 23- Nissan Motor Co Ltd will recall about 841,000 vehicles worldwide including the Micra compact car, also known as the March, as a result of a steering wheel glitch, Japan's No.2 automaker said on Thursday.
May 23- South Korea's economic problems aren't made in Japan. Investors convinced that Japan's weakening yen will help its companies claw global market-share back from Korean competitors have bought almost $75 billion worth of Japanese stocks so far this year.
DETROIT-- General Motors Co. says the Spark EV subcompact will be among the lowest-priced electric cars in the U.S. The electric Spark will have a starting price of $27,495 when it goes on sale next month in California and Oregon. Nissan also offers a $199- per-month lease for three years with $1,999 down.
The company became the first automaker to repay money borrowed under the Advanced Technology Vehicle Manufacturing program.
The man who once called global warming a "crock of you know what" now wants to buy an electric car company, reports CNBC's Phil LeBeau.
CNBC's Phil LeBeau reports that former GM chair Bob Lutz is teaming up with a Chinese firm to bid for Fisker Automotive, among other auto news.
The Detroit automakers are largely forgoing the traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.
Some green-minded U.S. motorist helped the nascent battery car market reach a critical milestone this past weekend, purchasing the 100,000th plug-based vehicle.
CAPE TOWN, May 21- Ten striking South African miners were taken to hospital on Tuesday after being hit by rubber bullets, police said, as labour strife swells in mines and factories ahead of mid-year pay negotiations.
CAPE TOWN, May 21- A two-day wildcat strike at a Mercedes Benz plant in South Africa ended on Tuesday but industrial union NUMSA demanded a hefty pay hike for the sector, raising the prospect of labour unrest in factories alongside turmoil in the mines.
Caution prevailed in Asian trade on Tuesday as investors grow concerned about the duration of global monetary stimulus ahead of Federal Reserve chief Ben Bernanke's testimony to the U.S Senate.
TOKYO, May 21- Signs are that most firms in export-driven Japan Inc, having got the weaker yen they craved, now want the currency to either stabilise or recover ground, rather than continue a slide that will increasingly raise their costs.
LOS ANGELES, May 20- In October 2004, then California Governor Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a hydrogen-powered metallic blue Hummer loaned to him by General Motors Corp..
After 123 days being grounded and then repaired to ensure its battery systems do not catch fire, Boeing 787 Dreamliners are about to once again make commercial flight in the United States.
TOKYO, May 20- Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades. Prime Minister Shinzo Abe pledged to make Japan "the world's easiest country for companies to do business in" as part of his economic revival plan, which so far has been largely met with approval.
*Machinery data suggests companies are risk averse- analyst. *Hitachi up on higher operating margin forecast. TOKYO, May 17- The Nikkei share average edged down for a second day on Friday as caution over the recent steep gains continued to spur profit-taking while a pullback in Wall Street soured investor sentiment.