Amid a revival in sales of Japanese goods in China and talk of renewed investment, a dusty industrial park near Nanjing offers a cold reality check.» Read More
Congress begins a five-week summer recess that same day. White House support for the 10- month extension has annoyed some Democrats who are opposed because it would push decisions on long-term funding to a newly elected Congress next year. At the very least, Congress should be keeping people on the job who are already there right now, "Obama said.
In a visit to a government highway research center in Virginia, Obama is expected to tout work on so-called vehicle-to-vehicle and vehicle-to-infrastructure communication technology to improve navigation, according to the White House.
DETROIT, July 12- Incoming Cadillac President Johan de Nysschen- the brand's third boss in two years- faces a daunting task that his predecessors failed to complete: How to reposition General Motors Co's 112- year-old premium brand as a true competitor to BMW and Mercedes-Benz.
DETROIT, July 11- Incoming Cadillac President Johan de Nysschen- the brand's third boss in two years- faces a daunting task that his predecessors failed to complete: How to reposition General Motors Co's 112- year-old premium brand as a true competitor to BMW and Mercedes-Benz.
TOKYO/ DETROIT, July 11- General Motors Co said on Friday it has hired Johan de Nysschen, chief of Nissan Motor Co's Infiniti premium brand, to run its Cadillac division. De Nysschen, 54, will report to GM President Dan Ammann, who cited the executive's experience with Volkswagen's Audi luxury brand.
General Motors has hired Johan de Nysschen to run its struggling Cadillac division.
TOKYO/ DETROIT, July 11- The chief of Nissan Motor Co's Infiniti premium brand, Johan de Nysschen, is leaving two years after he joined the Japanese carmaker, a Nissan spokeswoman said on Friday. General Motors Co has hired de Nysschen, 54, to run its luxury Cadillac brand, a source familiar with the plans who asked not to be identified said on Friday.
TOKYO, July 9- Japan's Nikkei share average fell to a fresh one-week low on Wednesday morning as U.S. stocks beat a retreat before the start of the earnings season, and the stronger yen hurt exporters. Bucking the weakness, ANA Holdings rose 1.3 percent after CLSA hiked its rating to' buy' from' outperform' citing its strong inbound and outbound traffic.
MEXICO CITY, July 3- Luxury car maker BMW revealed a $1 billion Mexican plant investment on Thursday, becoming the latest major automaker to take advantage of the country's growing industrial base and tariff-free access to the U.S. market.
MEXICO CITY, July 3- Luxury car maker BMW revealed a $1 billion Mexican plant investment on Thursday, becoming the latest in a line of major automakers to take advantage of the country's growing industrial base and tariff-free access to the U.S. market.
*Southwest growth helps Nashville bounce back. As Nashville discovered, it can take years of adjustments to come to terms with an airline's decision to pull back.
A list of the top car brands that customers come back to, either to replace old cars or make new additions to the household fleet.
Asian equity markets ended Wednesday trade with gains following upbeat U.S. economic data overnight.
*Google, Apple lead; Nokia, TomTom face make-or-break moment. Chip-makers or tech giants such as Infineon and Google are among a variety of companies involved in the rapid development and testing of intelligent cars from those that drive themselves to those allowing a driver to use mobile phone apps through the dashboard.
*Japan shares valuations attractive- traders. TOKYO, July 2- Tokyo's Nikkei share average rose to a five-month peak on Wednesday morning after Wall Street scored record-closing highs thanks to strong manufacturing activity in the U.S., Japan's biggest export market.
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.