European shares closed mixed on Tuesday, after better-than-expected economic data from Germany, and stock market gains in the U.S.» Read More
Figures on Tuesday from the Association of European Carmakers showed Germany, France and Italy, accounting for about half of the embattled region's sales, suffered declines at or near double-digit percentage levels.
European car sales last month plunged to the lowest level in two decades for May.
*BMW unit in tax probe, others raided over pricing- media. SEOUL, June 14- Recent free trade deals have helped foreign premium-brand automakers such as BMW and Mercedes-Benz drive up sales in South Korea, previously a heavily protected market dominated by Hyundai Motor and affiliate Kia Motors. "Korea is a highly protected market.
CANBERRA, June 12- Automobile maker Volkswagen AG will recall almost 26,000 cars in Australia in response to potential gearbox problems, the company said on Wednesday, mirroring recalls already ordered in China, Singapore and Japan.
BERLIN, June 11- Floods that have devastated parts of southern and eastern Germany could briefly impede growth in Europe's biggest economy, an industry body said, while ratings agency Fitch said the economic cost could be as high as 12 billion euros.
*China gets complaint vs EU cars with 2 litre-plus engines. *China angry over EU duties vs Chinese solar panels.
"The performance of new car registrations in May marks a significant milestone for UK automotive," said Mike Baunton, the industry trade body's interim chief executive.
With the government getting out of General Motors, one big trader is betting that the stock isn't going higher anytime soon.
*GM passes VW for No.2 in sales; Hyundai passes Renault. General Motors Co sold 53,829 cars and light trucks in the month, passing the 53,442 sales registered by Volkswagen AG. Ford Motor Co sold 27,546 passenger vehicles last month and Hyundai Motor Co passed Renault SA in sales, with 19,102 cars and light trucks sold compared to 18,111 vehicles.
Automakers suffering from weak economies and excess plant capacity had taken heart when demand picked up a little in April, suggesting a slide of almost 10 percent in Europe's first-quarter car sales would not play out in the full year.
DETROIT, June 3- Strong pickup truck sales, spurred by an improving housing market, boosted May U.S. auto sales after a disappointing April, early results from major automakers showed on Monday. Pickup truck sales in May rose about 2 percentage points to 11.7 percent of the overall industry, Ford Motor Co said.
TOKYO, May 31- Apple Inc hiked prices of iPads and iPods in Japan on Friday, becoming the latest and highest-profile brand to join a growing list of foreign firms asking Japanese consumers to pay more as a weakening yen squeezes income. Apple, one of the most visible foreign companies in Japan, raised the price of iPads by up to 13,000 yen at its local stores.
JOHANNESBURG, May 29- Labour unrest in South Africa's mines, which threatens to spread to bigger sectors like manufacturing, is plunging the economy into a vicious cycle that may spiral into stagflation, disinvestment and more social upheaval.
*Deal is latest in round of inflation-busting wage hikes in Germany. *Germany eyes federal election, also IMF urging.
European shares closed mixed on Monday afternoon, after briefly touching fresh five-year highs earlier during the session.
Millions of Americans have walked away from GM, Ford and Chrysler because of quality, reliability and service problems. But times are changing in Detroit.
European stocks closed higher after volatile trade on Friday, boosted by a rally in the auto sector. The pan-European FTSEurofirst 300 closed provisionally at a new 5-year closing peak.
New car registrations increased by 1.8 percent to 1.08 million vehicles last month, marking the first rise since September 2011.
*North American production sales up 3 pct; 5 pct in Europe. Aurora, Ontario- based Magna credited rebounding North American auto demand and increased revenue from Europe, where its sales rose even though the industry overall has been hurt by lower production.
Toyota Motors refuses to be tempted away from its low-risk growth strategy, even as the world's bestselling carmaker met its mid-term profit goals.