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European shares closed mixed on Monday afternoon, after briefly touching fresh five-year highs earlier during the session.
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European shares closed mixed on Monday afternoon, after briefly touching fresh five-year highs earlier during the session.
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Millions of Americans have walked away from GM, Ford and Chrysler because of quality, reliability and service problems. But times are changing in Detroit.
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Shares of automakers rose Friday, with General Motors Co. stock reaching its highest price in more than two years, as Europe became the latest part of the globe to report rising auto sales.
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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.
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New car registrations increased by 1.8 percent to 1.08 million vehicles last month, marking the first rise since September 2011.
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Detroit automakers have begun to close the quality and reliability gap with their rivals, and a new study suggests that domestic models may even be taking the lead in many key market segments. NBC News reports.
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*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.
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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.
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*Toyota met mid-term profit and margin goal in FY 2012/ 13. TOKYO, May 8- Toyota Motor Corp refuses to be tempted away from its low-risk growth strategy, even as the world's bestselling carmaker met its mid-term profit goals in the year ended March, aided by the weaker yen.
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*Toyota likely met mid-term profit and margin goal in FY 2012/ 13. *Toyota not building new plants for three years By Yoko Kubota. TOKYO, May 8- Toyota Motor Corp refuses to be tempted away from its low-risk growth strategy, even as the world's bestselling carmaker is likely to show that it met its mid-term profit goals in the year ended March, aided by the weaker yen.
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*Toyota likely met mid-term profit and margin goal in FY 2012/ 13. *Toyota not building new plants for three years. TOKYO, May 8- Toyota Motor Corp refuses to be tempted away from its low-risk growth strategy, even as the world's bestselling carmaker is likely to show that it met its mid-term profit goals in the year ended March, aided by the weaker yen.
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*Union wants 5.5 pct wage hike, has rejected 2.3 pct offer. STUTTGART/ HAMBURG, May 7- Almost 100,000 metal and electrical workers went on strike across Germany on Tuesday as they sought to put pressure on their employers to increase a pay offer, engineering union IG Metall said.
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SAO PAULO, May 7- Brazil produced a record number of automobiles in April as recovering demand raised hopes that carmakers could shake off an uneven first quarter. The auto data may ease concerns over weak demand in a sector making up about a fifth of Brazil's industrial output.
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FRANKFURT, May 7- Volkswagen AG's luxury unit Audi said sales rose 6.6 percent in April to 133,500 vehicles, maintaining the car maker's lead over Daimler AG's. Growth was driven by China, where sales were up 13.1 percent for the month, and by the United States, where sales increased by 14.2 percent, Audi said on Tuesday.
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MOSCOW, May 7- The following are some of the leading stories in Russia's newspapers on Tuesday. -Russia's Justice Ministry has suspended the registration of several political parties including the one set up by the supporters of the popular anti-corruption blogger Alexei Navalny.
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STUTTGART/ HAMBURG, May 7- Almost 100,000 metal and electrical workers went on strike across Germany on Tuesday as they sought to put pressure on their employers to increase a pay offer, engineering union IG Metall said.
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STUTTGART, Germany, May 6- German automaker Daimler is recalling 3,500 Mercedes-Benz Citan vans in Europe because of faulty airbags.
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Frankfurt, May 6- The DAX top-30 index looked set to open unchanged on Monday, according to premarket data from brokerage Lang& Schwarz at 0618 GMT.
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SAN JOSE CHIAPA, Mexico, May 4- The automotive industry's growing love affair with Mexico was celebrated here on Saturday as Audi executives laid the foundation stone for its first assembly plant in the Americas.
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DETROIT, May 3- Tesla Motors Inc, the automaker led by billionaire Elon Musk, overhauled financing strategy for the Model S electric sedan in response to criticism that its initial plan last month overstated the potential cost savings.