Several thousand jobs will be lost in Australia by 2017 as the curtain comes down on a century of car manufacturing Down Under.» Read More
*Peugeot targets 2 pct automotive margin for 2018. PARIS, April 14- PSA Peugeot Citroen will nearly halve its product line and focus investment on new technology in an attempt to return to profit, the struggling carmaker's new boss Carlos Tavares said on Monday.
Ford Motor Co. rose$. 00 or percent, to $15.63. General Motors Co. rose$. 50 or 1.6 percent, to $32.43. Honda Motor Co. rose$. 36 or 1.1 percent, to $34.10.
*Peugeot targets 2 pct automotive margin for 2018. PARIS, April 14- PSA Peugeot Citroen's new boss Carlos Tavares vowed to halt losses and restore profitability at its core manufacturing division in 2018, as he set out a long-awaited recovery plan for the struggling French carmaker.
TOKYO, April 14- Japanese stocks slumped to a fresh six-month low on Monday as market sentiment stayed fragile after a rocky session on Wall Street and on escalating tensions in Ukraine. The Nikkei share average closed down 0.4 percent at 13,910.16, its lowest level since Oct. 8.
*Dip-buying in Toyota and other large-caps supports. TOKYO, April 14- Tokyo stocks slipped to a fresh six-month low on Monday as market sentiment stayed fragile after a rocky session on Wall Street and on escalating tensions in Ukraine. Bargain hunting in large caps like Toyota Motor Corp offered some support and helped the benchmark Nikkei trim earlier losses.
Today's vehicles are generally better than ever—both in terms of initial defects and long-term reliability. So what's with all the recalls?
New documents show Barra was kept clearly in the loop about a recall issue involving steering problems on the Saturn Ion and other GM products.
General Motors Co. fell $1.37 or 4.1 percent, to $31.93. Honda Motor Co. rose$. 42 or 1.3 percent, to $33.74. Toyota Motor Corp. rose $1.50 or 1.5 percent, to $104.89.
Ford Motor Co. rose$. 18 or 1.2 percent, to $15.81. General Motors Co. fell$. 56 or 1.7 percent, to $32.74. Honda Motor Co. rose$. 49 or 1.5 percent, to $33.81.
The "Fast Money" traders share their final trades of the day.
TOKYO, April 11- Honda Motor Co said on Friday it may postpone the start-up of a new $530 million manufacturing plant in Thailand as economic and political uncertainty drives automakers to rethink their investments.
BEIJING— China's growth in auto sales decelerated further in March and local brands lost market share in the face of intense foreign competition, an industry group reported Friday. Sales rose 7.9 percent to 1.7 million vehicles, according to the China Association of Automobile Manufacturers.
*Fast Retailing slides on cut in full-year profit outlook. TOKYO, April 11- Japanese shares tumbled to six-month lows on Friday and could log their worst performance since the March 2011 tsunami and nuclear disaster after a rout in U.S. tech shares spurred selling by momentum players.
April 10- German carmaker BMW said it would voluntarily recall more than 156,000 vehicles in the United States, including its popular 3 Series compact sedan, to check for potentially defective bolts that could lead to engine damage.
Ford Motor Co. fell$. 03 or. 2 percent, to $15.82. General Motors Co. rose$. 19 or. 6 percent, to $33.81. Honda Motor Co. fell$. 57 or 1.7 percent, to $33.62.
Asian stocks ended higher on Thursday, with mainland shares outperforming, as investors shrugged off disappointing Chinese trade figures.
SINGAPORE/ BANGKOK, April 10- Indonesia is set to overtake Thailand as Southeast Asia's biggest car market as early as this year, driven by an expanding middle class and growing demand for budget, environmentally friendly vehicles, company executives and analysts said.
TOKYO— Toyota has developed an efficient gasoline engine using technology fine-tuned with gas-electric hybrids, in which the Japanese automaker is an industry leader. Toyota Motor Corp. said Thursday the engine will be rolled out in 14 models this year and next year.
TOKYO, April 10- Japanese stocks ended flat in lacklustre trade on Thursday after disappointing China trade data erased early gains made when minutes from the U.S. Federal Reserve's monetary meeting eased worries over the timing of rate hikes.
YANGON, Myanmar— Mike Shwe Hlaing has a lot full of used SUVs and a potentially huge market to sell them to if Myanmar manages to spread some of the affluence blooming in its biggest city to a poor and still mostly road-less countryside.