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General Motors Co bucked Wall Street's low expectations as well as negative publicity over a flood of safety recalls, reporting a 1 percent rise in U.S. sales in June. He added that GM's sales remain strong in part because consumers focus on brand names such as Chevrolet and Buick rather than the corporate name " General Motors."
U.S. stocks jumped on Tuesday, with the Dow rising to within two points of 17,000.
WASHINGTON, July 1- U.S. manufacturing activity rose at a steady clip in June and major automakers reported better-than-expected sales, pointing to momentum in the economy after a turbulent start to the year.
DETROIT, July 1- Major automakers reported better-than-expected U.S. sales in June, capping a strong second-quarter comeback from a brutal winter, but some companies displayed signs of softening demand for their most popular models.
General Motors reports a modest rise in US sales in June, despite safety recall.
WASHINGTON, July 1- U.S. manufacturing activity held steady at firmer levels in June and automobile sales were on track to beat expectations, pointing to momentum in the economy after a rough winter. The Institute for Supply Management said on Tuesday its index of national factory activity was at 55.3, little changed from May's 55.4 reading.
General Motors' Monday recall helped U.S. automakers secure a record none want to be part of, NBC News reports.
DETROIT, July 1- General Motors Co bucked Wall Street's low expectations and negative publicity over a flood of safety recalls, reporting a modest rise in U.S. sales in June. Chrysler Group and Nissan Motor Co also reported year-to-year increases on Tuesday. They, along with Ford Motor Co, topped analysts' expectations.
Asian stocks were mixed on Tuesday as investors reacted to key factory activity data from the mainland.
WASHINGTON, June 30- Japanese carmakers boosted investment in their U.S. plants by more than $5 billion in 2013, the biggest increase on record, new figures from the Japan Automobile Manufacturers Association showed on Monday.
*BMW to make announcement in Mexico on July 3. MEXICO CITY/ MUNICH, June 30- Germany's BMW AG will unveil this week plans to build a new factory in Mexico, a government official said, as the company seeks to meet growing demand for premium cars.
FRANKFURT, June 27- Daimler AG and Nissan Motor Co are jointly investing $1.36 billion to develop premium small cars and build a factory in Mexico, the companies said on Friday, in a step that deepens cooperation between the Mercedes-Benz and Infiniti brands.
Asian equity markets declined on Friday following hawkish comments from a Federal Reserve official.
*Engineering shares extend gains on Toyota's fuel cell announcement. TOKYO, June 27- Japan's Nikkei share average slipped on Friday as concerns about U.S. economic growth hurt sentiment and as the stronger yen pulled down exporters.
KL taxi drivers are known for their reluctance to use the meter. But now the app GrabTaxi allows users to check drivers' backgrounds and gauge fares.
DETROIT, June 23- Honda Motor Co and six other automakers on Monday announced a regional recall of vehicles in some high humidity regions in the United States to replace inflators in air bags supplied by Japan's Takata Corp.
*Honda, Nissan, Mazda recall vehicles for potential Takata air bag issue. TOKYO/ DETROIT, June 23- Honda Motor Co and other Japanese automakers on Monday recalled almost 3 million cars with potentially explosive air bags supplied by Takata Corp, bringing the total recall so far to about 10.5 million vehicles over the past five years.
FRANKFURT, June 23- Germany's BMW Group is analysing a limited number of its cars in Hawaii, Puerto Rico and the Virgin Islands, it said on Monday, as part of a broader investigation into the safety of air bags supplied by Japan's Takata Corp..
Honda, Mazda, and Nissan are recalling millions of vehicles for a defective airbag manufactured by supplier Takata that could possibly explode.
TOKYO, June 23- Honda Motor Co and other Japanese automakers on Monday recalled more cars with potentially explosive air bags supplied by Takata Corp, bringing the total recall so far to around 10.5 million vehicles over the past five years.