U.S. consumers bought more cars in September than in the previous year, but early sales results from leading automakers on Wednesday were mixed.» Read More
WASHINGTON, Sept 3- New orders for U.S. factory goods jumped in July and automobile sales in August were unexpectedly strong, offering further signs of strength in the manufacturing sector. The Commerce Department said on Wednesday new orders for manufactured goods increased a record 10.5 percent on robust demand for transportation equipment.
August auto sales were unexpectedly strong, led by Ford Motor Co, Chrysler Group and Nissan Motor Co, which easily beat analysts' estimates as the industry is seen reaching volumes not seen since before the recession. Ford sales were up 0.4 percent, while Chrysler, a unit of Fiat SpA, showed a 20 percent gain, the automakers reported on Wednesday.
DETROIT, Sept 3- Chrysler Group, a unit of Fiat SpA, handily beat analysts' expectations by showing a 20 percent gain in U.S. auto sales for August, and forecast a stronger-than-expected month for the full industry. Nissan Motor Co also beat expectations, showing a sales gain of 11.5 percent to 134,388 vehicles.
More than 30,000 Americans are killed in highway crashes each year, but experts believe that death toll could sink to zero.
DETROIT, Aug 29- U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years in the rear-view mirror.
Asian stock markets declined on Thursday in a quiet session amid a lack of catalysts.
TOKYO, Aug 28- Tokyo stocks fell on Thursday morning as concerns about Japan's economic recovery pushed investors to the sidelines as they waited for another batch of key data on Friday.
DETROIT, Aug 26- The Chrysler Group's Ram 1500 EcoDiesel was named the top full-size pickup truck in the U.S. market and Toyota's Highlander the top mid-size SUV by Consumer Reports, the magazine said on Tuesday.
It listed the automakers fined as the local unit of Honda Motor Co, Toyota Motor Co, Volkswagen AG and its unit Skoda Auto, BMW AG, Daimler AG's Mercedes-Benz, Fiat SpA, Ford Motor Co, General Motors Co and Nissan Motor Co.. The other Indian carmakers fined were Maruti Suzuki Ltd, Hindustan Motors Ltd and Mahindra& Mahindra Ltd..
NAGOYA, Japan/ TOKYO, Aug 24- When a Japanese carmaker issued a tender for shock absorbers a few years ago for a model it planned to sell in Indonesia, two suppliers came back with bids that were "so obviously coordinated," said an executive at the automaker.
Two popular cars were once again on the top of the National Insurance Crime Bureau's list of most stolen vehicles.
Asian indices traded higher on Friday but trading remained light as investors await possible clues about interest rates at the Jackson Hole Symposium.
DETROIT, Aug 21- General Motors Co's premium Cadillac group is considering expanding its offices from Detroit to Manhattan, GM said Thursday, as part of an effort to remake the brand's image and broaden its appeal outside North America under new boss Johan de Nysschen.
Asian stocks traded mixed on Thursday, with Chinese shares significantly lower after a lower-than-expected preliminary reading of mainland manufacturing activity.
Analysts' opinions vary greatly over how much influence electric vehicles will have on drivers and automakers.
According to Bob Lutz, most vehicles will be nondescript people carriers that are self-driving.
Apple and Google are facing off in a battle over the ultimate mobile device—your car.
Most Asian equities traded higher on the last trading day of the week, taking cues from a firm finish on Wall Street overnight.
TOKYO, Aug 7- Japan's Nikkei share average edged down on Thursday morning in choppy trade, extending its declines into a sixth day as the strong yen dragged down exporters, while rising tensions in Ukraine dulled risk appetite.
NEW YORK/ LAS VEGAS, Aug 5- Chrysler and Nissan said they are reviewing a report by well-known cyber security experts that rates their vehicles among the three "most hackable" cars on the market, along with a General Motors model.