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  • By Winni Zhou and Jake Spring. BEIJING, Dec 10- Vehicle sales in China are expected to grow 5-7 percent in 2016, faster than the 3 percent increase anticipated for this year, the head of the nation's automakers' association said, thanks to a tax cut for small-engine cars. "Three percent expansion is not normal as it's falling behind GDP growth," Dong Yang, secretary...

  • Nikkei slips as sliding oil, firmer yen hurt sentiment Wednesday, 9 Dec 2015 | 9:41 PM ET

    Panasonic Corp shares fell 1.4 percent to a 1-1/ 2 month low during the morning session, while Nissan Motor Co Ltd slipped as much as 2.1 percent to a 5-1/ 2 week low. Bridgestone Motor Corp shares fell 1.9 percent after U.S. auto parts retailer Pep Boys rebuffed the tire maker's bid to buy the company in favor of a proposal from Carl Icahn. Department store operator...

  • TOKYO, Dec 9- Japan's Nikkei share average fell to its lowest in more than three weeks on Wednesday morning after U.S. stocks dropped on concerns over sliding oil prices, offsetting Japan's better-than-expected machinery orders data. "Those who had bought Nikkei futures on expectations that the index will rise on ECB's easing are looking for the right timing to...

  • WASHINGTON, Dec 8- Auto safety regulators on Tuesday called for a major overhaul to U.S. crash safety tests that will require automakers to add crash avoidance technologies to new vehicles if they want to gain the top, five-star ratings. The U.S. National Highway Traffic Safety Administration is proposing three new ratings for cars and trucks on pedestrian...

  • BEIJING, Dec 8- Passenger car sales in China are expected to grow 10 percent in 2016, roughly equivalent to this year's rate, the China Passenger Car Association said on Tuesday. Passenger car sales- narrowly defined as the sales of sedans, multi-purpose vehicles and sports utility vehicles- in China have grown 9.7 percent in the first 11 months of the year...

  • That has prompted local carmakers to eye exports to minimise losses, while Ford's rival General Motors Co quit Russia. Ford has a presence in Eastern Europe with a factory in Romania but it does not produce all of the models there that it produces in Russia, where it makes the Fiesta, Focus, EcoSport and Transit, among others. Ford sold around 30,500 cars in Russia in...

  • *Renault prepares to shield Nissan from Paris- sources. *Renault warned against ceding control of Nissan. PARIS, Dec 6- Renault is drawing up proposals to relinquish some power over its partner Nissan, sources said, and is shoring up support ahead of a likely boardroom clash with the French government.

  • *Oil shares fall after OPEC plans to maintain production high. TOKYO, Dec 7- Japan's Nikkei share average rose on Monday after U.S. jobs data suggested that the economy was strong enough to sustain a U.S. "Since the Japanese market saw a deep fall on Friday, the U.S. job data offered a quick chance to buy back," said Takuya Takahashi, a strategist at Daiwa Securities.

  • DETROIT, Dec 4- The United Auto Workers union won its first organizing vote on Friday at a foreign-owned auto assembly plant in the U.S. About 71 percent of skilled trades workers who cast ballots at Volkswagen AG's factory in Chattanooga, Tennessee voted to join the UAW, according to the company and the union. Gary Casteel, UAW secretary-treasurer and head of the...

  • If the UAW wins, and survives an appeal by Volkswagen to the National Labor Relations Board, the 164 skilled trades workers will be the first members of UAW Local 42 in Chattanooga to gain collective bargaining rights. Gary Casteel, UAW secretary-treasurer and head of the union's organizing efforts, downplayed the significance of the vote and its influence on...

  • "There is an important date which is the Renault board meeting on Dec. 11," Ghosn told Le Figaro daily in an interview published on Thursday. Japanese carmaker Nissan has set out new proposals to end parent Renault's control and block French government interference in their alliance, two sources said on Wednesday. The revised demands aim to defuse a governance row...

  • PARIS, Dec 2- Japanese carmaker Nissan has set out new proposals to end French parent Renault's control and block state interference in their alliance, sources said, aiming to defuse a row over moves by Paris to boost its influence on Renault. In a document outlining its position, Nissan is seeking limits to government voting rights in Renault as well as written...

  • CHENNAI, India, Dec 2- The heaviest rainfall in over a century caused massive flooding across the Indian state of Tamil Nadu, driving thousands from their homes, shutting auto factories and paralysing the airport in the state capital Chennai. Prime Minister Narendra Modi has blamed climate change for the rain, injecting urgency into the debate at global climate...

  • Figures may be revised on Wednesday when Daimler AG issues Mercedes-Benz results, Autodata said. "Black Friday has become a much bigger part of the auto industry over the last several years," said Nissan's U.S. sales chief, Dan Mohnke. Jeff Schuster, forecaster for LMC Automotive, said promotions drew customers even if incentives did not rise sharply.

  • DETROIT, Dec 1- U.S. auto sales were on a path to posting their strongest November ever, helped by marketing promotions and strength in sport utility vehicles, according to monthly sales figures released by automakers on Tuesday. Nissan's U.S. sales chief, Dan Mohnke, added: "Black Friday has become a much bigger part of the auto industry over the last several years.

  • DETROIT, Dec 1- U.S. auto sales rose in November on strength in sport utility vehicles and marketing promotions while industry sales were forecast rising above 18 million vehicles on an annualized basis. General Motors Co said on Tuesday the U.S. auto industry will sell 18.2 million vehicles for the month at an annualized rate. Still, it looks like consumers took...

  • Asian equities close higher; Nikkei hits 20,000 Tuesday, 1 Dec 2015 | 2:05 AM ET

    Asian markets closed mostly in positive territory as investors shrugged off a lower finish on Wall Street and a miss on China PMI.

  • *Nissan down on report saying it may raise stake in Renault. TOKYO, Dec 1- Japan's Nikkei share average rose on Tuesday morning as a weak yen and rising U.S. futures underpinned sentiment, shrugging off soft Chinese factory surveys. "A weak yen and rising U.S. futures dominate market sentiment today," said Yutaka Miura, senior technical analyst at Mizuho Securities,...

  • Chinese stocks tank; rest of Asia closes in the red Friday, 27 Nov 2015 | 2:09 AM ET

    Asian stocks closed sharply in the red, led by a heavy afternoon sell off in the Chinese market as the regulatory body went after brokerages.

  • Asian markets ended mixed on Thursday amid hopes for fresh European stimulus while new data reinforced expectations for tighter U.S. monetary policy.