Japan Inc doubled profits last year - the best performance since 2007 - but rather than selling more goods more profitably, much of these gains were simply a reflection of dollars and euros translating into more yen. The FT reports.» Read More
DETROIT, March 7- General Motors Co needs to get through its ignition-switch recall and the resulting federal investigation quickly to avoid any lasting damage to its brand, but the federal probe could keep the problem in the public eye for at least six months.
DETROIT, March 4- EcoMotors, a Michigan- based engine maker backed by Microsoft founder Bill Gates and venture capitalist Vinod Khosla, has formed a joint venture in China with a subsidiary of First Auto Works. FAW's manufacturing partners in China include Volkswagen AG, Toyota Motor Corp and General Motors Co.
GEELONG, Australia, March 6- Behind closed doors at City Hall, Geelong's eccentric mayor sits searching for an analogy to put into perspective the punishing job losses battering his city.
TOKYO, March 6- Japan's Nikkei share average was steady on Thursday morning after rising to a one-week high the previous day, but trading was subdued with investors on the sidelines before the release of U.S. jobs data on Friday.
DETROIT, March 5- Poor sales of the compact Dodge Dart led to a week of layoffs for 325 workers at the Fiat Chrysler Automobiles plant in Belvidere, Illinois, a company spokeswoman said on Wednesday.
*Seat to focus on Europe after China export failure. GENEVA, March 5- If Volkswagen wants to beat Toyota to the global autos throne, it can't afford to take its foot off the gas in mass-market cars.
*Hyundai, Toyota, Renault see strong growth in the segment. Europe's largest carmaker has been trying for more than a year to hit internal cost requirements for the vehicle, which would likely sell for between 6,000 euros and 8,000 euros and be built in China, the biggest market for budget cars.
Hyundai, the world's fifth largest car maker with its Kia Motors Corp affiliate, is banking on the first restyling of the mid-size sedan since 2009 to help reverse a slowdown in sales and revenue growth, as it battles competition from foreign rivals at home and a slide in reliability rankings in the United States, its second-biggest market after China.
GENEVA, March 3- Toyota Motor Corp expects to sell more than 865,000 vehicles in Europe this year, up from 847,530 in 2013, helped by a gradually recovering market and the popularity of its hybrid models, the head of its European operations said on Monday.
U.S. stocks declined on Monday on worries about Russian intervention in the Ukraine.
*GM, Ford, Chrysler, Nissan top sales expectations. *Toyota, Honda fall short of forecasts. While General Motors Co, Ford Motor Co and Chrysler Group all reported stronger-than-expected sales, the higher incentives raised concerns about industry profitability in the future.
TORONTO, March 3- Record-setting truck sales in Canada helped offset weaker demand for cars in February, automakers said on Monday, as Chrysler Canada reported a 10 percent jump in monthly sales.
*Toyota sales down 4 percent, missing expectations. *Chrysler, Nissan beat sales expectations. DETROIT, March 3- U.S. auto sales in February were slightly brisker than expected as hefty incentives lured customers into dealerships late in the month despite cold and snowy weather, raising concerns about industry profitability.
Some of Monday's midday movers:
*Toyota sales down 4 percent, missing expectations. *Chrysler, Nissan beat sales expectations. DETROIT, March 3- U.S. auto sales in February were slightly brisker than expected as hefty incentives lured customers into dealerships late in the month despite cold and snowy weather.
US car sales for February fell over last year, but beat expectations. Carmakers offered big rewards to those willing to brave the storms.
DETROIT, March 3- U.S. auto sales in February were more brisk than expected as hefty incentives lured customers into dealerships late in the month despite cold and snowy weather. General Motors Co raced past analysts' expectations, saying Monday that sales dipped 1 percent to 222,104 vehicles.
DETROIT, March 3- Chrysler Group and Nissan Motor Co each posted double-digit gains in U.S. A poll of 34 analysts by Thomson Reuters showed expectations that overall U.S. sales would be flat with a year earlier.
DETROIT, March 3- Nissan Motor Co said on Monday that its U.S. Nissan had its best February in the U.S. market on record, selling 115,600 vehicles. Fred Diaz, Nissan's senior vice president for U.S. sales, said February was the 11th month in the last 12 that the company set U.S. sales records.
FRANKFURT, March 3- Carmakers are tapping smartphone technology to spruce up low-cost city cars and try to get an edge in a market that has grown to account for almost 10 percent of new car sales in austerity-scarred Europe.