Toyota Motor Corp said it will give its Japan-based workers their biggest pay raise in 21 years in the year starting in April.» Read More
NEW YORK, March 14- General Motors was hit on Friday with what appeared to be the first lawsuit related to the recall of 1.6 million cars, as customers claimed their vehicles lost value because of ignition problems blamed for a series of fatal crashes.
Ford Motor Co. fell$. 10 or. 7 percent, to $15.08. General Motors Co. rose$. 30 or. 9 percent, to $34.09. Honda Motor Co. fell$. 37 or 1.0 percent, to $35.47.
Ford Motor Co. fell$. 03 or. 2 percent, to $15.15. General Motors Co. rose$. 56 or 1.7 percent, to $34.35. Honda Motor Co. fell$. 24 or. 7 percent, to $35.60.
Ford Motor Co. fell$. 03 or. 2 percent, to $15.16. General Motors Co. fell$. 06 or. 2 percent, to $33.73. Honda Motor Co. fell$. 42 or 1.2 percent, to $35.42.
*Metal shares take another hit after copper price hurt on China concern. TOKYO, March 14- Japanese stocks skidded 2.7 percent to a one-month low on Friday morning as concerns over Ukraine and slowing growth in China rattled investors, underpinning the safe-haven yen and hurting exporters.
Ford Motor Co. fell$. 22 or 1.4 percent, to $15.18. General Motors Co. fell$. 77 or 2.2 percent, to $34.09. Honda Motor Co. fell$. 72 or 2.0 percent, to $35.84.
Transportation Secretary Anthony Foxx on Thursday promised an "aggressive investigation" into whether General Motors was slow to report to the federal government problems with ignition switches in its autos, which have led to 12 deaths.
*Car companies spend more on research and development. FRANKFURT, March 13- The car industry's international patent filings jumped 18 percent in 2013, the World Intellectual Property Organisation said on Thursday, in part reflecting a push for new technologies to lower exhaust emissions.
BERLIN, March 13- German automaker Volkswagen will reinforce steps to boost earnings in coming years as its long-planned target to increase sales to over 10 million cars a year is almost met.
BERLIN, March 13- German carmaker Volkswagen expects to sell more than 10 million vehicles across its multi-brand group this year, aiming to hit a long-running target four years earlier than previously planned.
WASHINGTON-- The U.S. Commerce Department reports on spending at retail businesses and restaurants in February. The report will be released at 8:30 a.m. Eastern Thursday. SLIGHT GAIN: Economists expect that retail spending rose 0.2 percent last month, according to a survey by FactSet.
TOKYO, March 12- Big Japanese companies such as Toyota Motor Corp offered the most generous pay raises in years on Wednesday, a victory for the government's efforts to defeat deflation, but workers will still struggle to offset a looming sales tax increase.
*Yamato Holdings soars to 8- year high on price hike report. TOKYO, March 12- Japan's Nikkei share average slid more than 2 percent on Wednesday as investors locked in profits after a recent rally to a five-week high, while a stronger yen hit overall sentiment and dragged down exporters like Toyota Motor.
NEW YORK/ WASHINGTON/ DETROIT, March 11- Federal prosecutors are examining whether General Motors is criminally liable for failing to properly disclose problems with some of its vehicles that were linked to 13 deaths and led to a recall last month, according to a source familiar with the investigation.
*Toyota, other top firms to offer 3 pct pay raises. TOKYO, March 12- Big Japanese companies such as Toyota Motor Corp will offer the most generous pay raises in years on Wednesday, but workers will still struggle to offset a sales tax increase, highlighting the difficulties the government is facing in overcoming entrenched deflation.
*Senate, House panels to investigate stalling problem. WASHINGTON, March 11- Congress's investigation of a deadly defect in some General Motors cars widened on Tuesday, and a House committee ordered the automaker and a federal regulator to provide details on steps they took to get unsafe cars off the road.
*Mercedes to shrink sales gap to Audi- IHS. INGOLSTADT, Germany, March 11- German luxury carmaker Audi, source of nearly half of Volkswagen's profits, expects another drop in operating earnings this year as it invests in new models and foreign expansion in a bid to catch up with sales at luxury rival BMW.
INGOLSTADT, Germany, March 11- German luxury carmaker Audi is bracing for another drop in operating profit this year as the costs of foreign expansion, new models and technologies weigh on its results.
*Market dominated by Toyota vehicles. Yet by 8 a.m. on a recent Friday, Hadebe and his rattling Toyota had already overcome rain, traffic and an ever-rising petrol price to ferry nearly 40 commuters from South Africa's black township of Soweto to nearby Johannesburg.
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.