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
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.
*Toyota falters on recall of vehicles, BoFA Merrill cuts rating. Federal Reserve eased worries over the timing of rate hikes, though Toyota Motor extended losses as investors punished it for its latest global recall of vehicles.
*Toyota gives no cost estimate for recall. Toyota, the world's biggest automaker said, it was not aware of any crashes or injuries caused by the glitches, which were found in 27 Toyota models including the RAV4 and Yaris subcompact.
Ford Motor Co. fell$. 26 or 1.6 percent, to $15.84. General Motors Co. fell$. 91 or 2.6 percent, to $33.62. Honda Motor Co. rose$. 43 or 1.3 percent, to $34.19.
Toyota, GM recalls push US to near-record pace. DETROIT— Big U.S. recalls by General Motors and Toyota have put the auto industry on a record pace as companies try to avoid bad publicity and punishment from an increasingly aggressive government.
Toyota Motor Corp. said Wednesday it's recalling 6.39 million vehicles globally for various safety defects. Vehicles were made between June 2004 and December 2010. PLACES SOLD: Mostly North America, but also Japan, China, Europe, India and elsewhere.
NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Alcoa Inc., up 47 cents to $13. Morgan Stanley downgraded the Detroit automaker and the sector comes under pressure after another recall, this time from Toyota.
Ford Motor Co. fell$. 21 or 1.3 percent, to $15.89. General Motors Co. fell$. 76 or 2.2 percent, to $33.77. Honda Motor Co. rose$. 35 or 1.0 percent, to $34.11.
April 9- General Motors Co's Cadillac overtook Toyota Motor Corp's Lexus to emerge as the highest-ranked brand for customer satisfaction with dealer service, according to an annual survey by market research firm J.D. Power. Volkswagen AG's Audi jumped four places to take the second spot, which was occupied by Cadillac in the previous survey.
Confectionary company Mars Inc said it would buy Procter& Gamble Co's pet food brands IAMS, Eukanuba and Natura in the United States and Latin America for $2.9 billion to beef up its pet food business. LONDON/ ATHENS- Bailed-out Greece is set to end its four-year exile from bond markets on Thursday with a five-year debt issue, three sources say.
Companies are making headlines before the bell.
Toyota Motor said on Wednesday it would recall 6.39 million vehicles globally for faults affecting various parts.
*Toyota gives no cost estimate for recall. TOKYO, April 9- Toyota Motor Corp said on Wednesday it would recall 6.39 million vehicles globally for faults affecting various parts ranging from steering to seats in the company's second-largest recall to date.
DETROIT— Big U.S. recalls by General Motors and Toyota have put the auto industry on a record pace as companies try to avoid bad publicity and punishment from an increasingly aggressive government. On Wednesday, Toyota announced it was recalling nearly 1.8 million vehicles in the U.S. to fix a spate of problems, including air bags that might not inflate.
*FamilyMart tumbles after earnings report. TOKYO, April 9- Japan's Nikkei share average hit a two-week low on Wednesday morning after Bank of Japan Governor Haruhiko Kuroda's comments the previous day raised doubts over whether the BOJ will ease its policy stance anytime soon, sending the yen higher.
*Forward-looking measures of labour demand all flashing green. SYDNEY, April 9- Job losses in manufacturing have dominated Australian headlines-- 350 at BP, 180 at Philip Morris, 300 at Boeing in the past month alone-- but data proven to herald increased hiring tell a much cheerier tale.
Carfax estimates hundreds of thousands of GM cars recalled for faulty ignition switches will likely never be repaired.
Ford Motor Co. rose$. 07 or. 5 percent, to $16.01. General Motors Co. fell$. 13 or. 4 percent, to $33.98. Honda Motor Co. fell$. 83 or 2.4 percent, to $33.61.
Steve Beshear said Monday he wants Kentucky to be as synonymous with the auto industry as Detroit. The Democratic governor announced the formation of the Kentucky Automotive Industry Association to promote Kentucky as an automotive hub. Board members include representatives from Toyota, Ford, General Motors and various automotive supply companies.