Asian stocks declined on Wednesday following a weak handover from Wall Street and as investors showed little reaction to news of a U.S. budget deal.» Read More
Tesla's Model S, the focus of a Federal investigation, has topped the latest owner satisfaction survey from Consumer Reports.
LOS ANGELES, Nov 20- The United States automotive industry will move into the slow lane in 2014 as fewer buyers replace aging vehicles and growth drops to half this year's rate, the head of Toyota Motor Corp's North American operations said on Wednesday.
*Advertising more than 5- star rating "misleading" public- NHTSA. DETROIT, Nov 20- U.S. regulators on Wednesday blocked automakers from promoting vehicle safety ratings of more than 5 stars, three months after Tesla Motors Inc touted an outsized score on its Model S electric car in a press release.
CNBC's Phil LeBeau and Jim Lentz, Toyota North America CEO,discuss the reality of hydrogen fuel cell vehicles and when Toyota may begin production on a hydrogen car of their own.
TOKYO, Nov 20- Carlos Ghosn, the CEO of Renault SA and Nissan Motor Co, said he was unfazed by delays in his electric vehicle sales targets, predicting rivals would face even greater obstacles in their plans to launch fuel cell car sales over the next few years.
TOKYO/ SHANGHAI, Nov 20- Mazda Motor Corp will begin production at its new Mexico factory in January, the carmaker's chief said on Wednesday, describing the plant as a key foreign base for the Japanese company as it pares its reliance on domestic output.
GM believes the Colorado redux, which will debut at the Los Angeles Auto Show on Wednesday, will be far more successful than its last appearance when U.S. sales peaked in 2005 above 128,000. However, declining popularity and the company's need to save money during its 2009 bankruptcy reorganization forced it to exit the U.S. market last year.
TOKYO, Nov 20- Mazda Motor Corp will begin production at its new Mexico factory in January, the carmaker's chief said on Wednesday, describing the plant as a key foreign base for the Japanese company as it pares its reliance on domestic output.
TOKYO, Nov 20- Lexus is aiming for a steady 5 to 10 percent annual growth in the coming years, an executive said, as the luxury brand of the world's best-selling carmaker Toyota seeks to establish a more global presence in the premium market. The United States last year accounted for about half of Lexus' global sales.
*Exporters rise as USD stays above 100 yen. TOKYO, Nov 20- Japan's Nikkei share average was flat on Wednesday morning as recent outperformers including banks and non-life insurers pulled back, offseting gains in exporters after the dollar traded above 100 yen. Panasonic Corp rose 1.5 percent, Toyota Motor Corp added 0.5 percent and Nikon Corp rose 1.4 percent.
Japan's exports rose a stronger-than-expected 18.6 percent in October from a year before, thanks to the weak yen and a pick-up in overseas demand.
HIROSHIMA, Japan, Nov 20- Japan's Mazda Motor Corp has only a tenth of Toyota Motor Corp's research and development budget, but is betting it can make the century-old internal combustion engine as fuel efficient as hybrids like its rival's pioneering Prius.
According to KBB, Nissan's Leaf tops the list of autos likely to depreciate the most over the next five years. The list is led by three electric cars.
The Tesla CEO took to Twitter in his latest public defense of the safety of the Model S battery system.
Cadillac's ELR and Tesla's Model S will be competing in the rarefied air of models selling for more than $75,000.
*Toyota, Renault lead advance among mass automakers. *Daimler gains ground against BMW, Audi. Toyota and Renault led the advance among mass manufacturers, with Daimler gaining ground on premium rivals as total registrations rose to 1.04 million cars, the Association of European Automakers said.
TOKYO, Nov 19- Japan's Nikkei share average stepped back from six-month highs on Tuesday morning, with a bounce in the yen denting exporters while financials retreated after their recent earnings-led rally.
*Audi devises fewer technologies than rival BMW- analysts. *Audi to miss goal of overtaking BMW- IHS. While BMW trumpets its new "i" series of electric cars and Mercedes wins rave reviews for its new CLA and GLA ranges of sporty compact models, Audi risks looking like a laggard in an industry where innovation is a major draw for customers.
Car depreciation analysts said Honda is the top brand for retaining the most resale value, while Toyota and Audi also top many segments. USA Today.
BERLIN, Nov 18- Volkswagen's supervisory board should approve a five-year spending plan on Friday that aims to make the German carmaker the world's biggest while also trimming investment as revenues get tighter.