The Insurance Institute for Highway Safety issued its first list of used vehicles that it most recommends for young motorists.» Read More
Nissan Chief Executive Carlos Ghosn is advocating that women make up 10 percent of Nissan's managerial ranks in Japan by 2017.. But Ghosn said he wasn't about to rush things just because having women visible in management ranks has become more topical in Japan.
*Intel supplier Shinko Electric soars to 6- month high. TOKYO, July 17- Japan's Nikkei share average rose to a 1-1/ 2- week high on Thursday, buoyed by gains on Wall Street, while Shinko Electric Industries Co jumped on Intel Corp's strong forecast.
DETROIT, July 16- General Motors Co said on Wednesday its global sales topped 2.5 million vehicles in the recent quarter, up 0.5 percent as it posted its best showing since 2005 for a second quarter. General Motors sold 2,505,889 vehicles in the second quarter, gaining 8 percent in China and 7 percent in the United States, its two largest markets.
Ford Motor Co. rose$. 25 or 1.4 percent, to $17.79. General Motors Co. rose$. 10 or. 3 percent, to $37.68. Honda Motor Co. rose$. 29 or. 8 percent, to $35.66.
DETROIT— Volkswagen bumped General Motors out of second place in the global auto sales race during the first half of the year, but Toyota is expected to stay in first place. Toyota won't release first-half numbers until later this month.
WASHINGTON, July 16- Two U.S. senators on Wednesday unveiled a bill prompted by the General Motors Co recalls over defective ignition switches that would make it a crime for corporate officers to conceal dangers posed by their products.
DETROIT, July 16- German automaker BMW said on Wednesday it is recalling about 1.6 million cars worldwide to replace passenger-side front air bags made by Takata Corp because the inflators could break apart during deployment and injure passengers.
Ford Motor Co. rose$. 16 or. 9 percent, to $17.70. General Motors Co. rose$. 18 or. 5 percent, to $37.76. Honda Motor Co. rose$. 31 or. 9 percent, to $35.68.
DETROIT/ FRANKFURT, July 16- German automaker BMW said on Wednesday it is recalling about 1.6 million cars worldwide to replace passenger-side front airbags made by Takata Corp because the inflators could break apart during deployment and injure passengers.
DETROIT— BMW is expanding a recall of its most popular models to fix an air bag problem that is hitting much of the global auto industry. Air bag inflators in systems made by Takata Corp. can rupture. The problem is responsible for millions of recalled vehicles during the past few years made by manufacturers such as Chrysler, Ford, Honda, Mazda, Nissan and Toyota.
*JX Holdings rises on report saying it will build hydrogen stations. TOKYO, July 16- Japan's Nikkei share average was flat on Wednesday morning as investors stayed cautious ahead of China economic data, with weakness in U.S. shares also curbing investors' risk appetites.
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.
*VW declines comment on incentives from Tennessee. July 14- Volkswagen AG said on Monday it would invest about $900 million to build a mid-sized SUV at its U.S. plant in Tennessee starting in late 2016, nearly doubling the factory's work force. About $600 million of the $900 million will be invested in Tennessee, VW said.
NEW YORK, July 14- Federal prosecutors are developing a criminal fraud case hinged on whether General Motors made misleading statements about a deadly ignition switch flaw, and are examining activity dating back a decade, before GM's 2009 bankruptcy, according to multiple sources familiar with the investigation.
TOKYO, July 11- Japan's Nikkei share average dropped for a fifth day to a fresh 1 1/ 2- week low on Friday morning as concerns about the financial health of Portugal's top listed bank turned investors risk-averse.
*Benesse dives to 2-1/ 2- month low after data leak. TOKYO, July 10- Japan's Nikkei share average was flat on Thursday in choppy trade as worse-than-expected machinery data soured sentiment after minutes from the U.S. It had dropped 0.1 percent to 15,302.65 on Wednesday, its lowest closing level since June 30.
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.
Japanese manufacturers, rich but loath to spend it at home since the financial crisis, are now spending on equipment crucial to economic recovery.
"Until now, we just couldn't take the plunge," said Takashi Nanki, director and general manager at Shima Seiki Mfg Ltd, whose knitting machines make sweaters and knitwear for the likes of Gucci, Prada and Benetton. As a result, corporate Japan sits on a cash pile of some 232 trillion yen, according to Bank of Japan data.