Toyota remains No. 1 in global vehicles sales so far this year, followed by Volkswagen, which bumped General Motors out of second place.» Read More
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.
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.
*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.
Some of 2014's biggest winners are slated to share their next big ideas at this year's Delivering Alpha Conference.
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.
Compared to last June, sales have climbed 1 percent and the stock has seen double-digit growth. What's fueling the surge at the height of GM's recall crisis?
*Fresh strike at Impala Platinum mine. JOHANNESBURG/ CAPE TOWN, July 4- General Motors suspended production at its main South African plant after a strike hit parts supplies, the U.S. automaker said on Friday, becoming the latest victim of relentless labour unrest in Africa's most advanced economy.
SHANGHAI, July 4- General Motors Co expects Cadillac sales in China to rise by at least 40 percent this year, as the U.S. carmaker steps up local production in a market key to transforming Cadillac into a global luxury brand, a senior executive said.
*Toshiba soars after Nikkei reports Westinghouse in talks to win nuclear deal. TOKYO, July 3- Japanese stocks were flat in a choppy early session on Thursday as investors took time out ahead of the U.S. jobs data later in the day, while Toshiba Corp soared on a report that its U.S. subsidiary is expected to win a deal in Bulgaria.
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.
*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.