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Business - In emerging Indonesia, Honda`s Mobilio muscles in on Toyota`s turf


By Dennys Kapa and Aradhana Aravindan JAKARTA/SINGAPORE (Reuters) - Honda Motor`s Mobilio, a spacious yet affordable multi-purpose vehicle (MPV), has nearly doubled its market share this year, triggering a price war with Toyota Motor in Indonesia, the latest battleground for global carmakers. Toyota and its Daihatsu Motor affiliate have long enjoyed a more than 50 percent market share in Indonesia - where car ownership is less than 4 percent in a population of close to 250 million. ...


Thursday, October 23, 2014  22:41

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Most Recent - General Motors Fast Facts



Tuesday, October 21, 2014  13:33

Yahoo

Business - U.S. prosecutors probing Takata Corp over misleading statements: WSJ


NEW YORK (Reuters) - U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective airbags it sold to automakers including Toyota Motor Corp and Honda Motor Co Ltd, The Wall Street Journal reported on Wednesday. According to the paper, the investigation is in its very early stages. The company has not been accused of any wrongdoing. Spokespeople from Takata, Honda and Toyota could not immediately be reached for comment. (Reporting by Emily Flitter)


Saturday, October 25, 2014  07:28

Yahoo

Business - U.S. prosecutors probe Takata Corp over statements: WSJ


NEW YORK (Reuters) - U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp and Honda Motor Co Ltd , The Wall Street Journal reported on Wednesday. Word of the investigation follows a notice on Tuesday from the U.S. auto regulator, the National Highway Traffic Safety Administration, which increased the number of cars potentially affected by defective air bags made by Takata to at least 7.8 million, up from the roughly 4. ...


Thursday, October 23, 2014  10:30

Yahoo

Business - Toyota executive stands by Takata as supplier despite air bag troubles


By Maki Shiraki TOKYO (Reuters) - A top Toyota Motor Corp executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp despite the supplier`s struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants. U.S. safety regulators on Wednesday expanded the number of vehicles in the United States affected by recalls for this problem by 28 percent to 7.8 million vehicles. Toyota has the second largest number of vehicles affected by the U.S. recalls at 877,000, trailing only Honda Motor Co`s 5.1 million vehicles, according to the U.S. ...


Wednesday, October 22, 2014  15:19

Yahoo

Business - U.S. appeals court rules for GM over Spyker`s Saab sale


By Jonathan Stempel (Reuters) - General Motors Co persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company. The 6th U.S. Circuit Court of Appeals in Cincinnati on Friday said Spyker failed to show GM intentionally interfered with the Dutch company`s effort to sell Saab to Zhejiang Youngman Lotus Automobile Co, leading to Saab`s bankruptcy. GM had sold a majority of Saab to Spyker in 2010. ...


Friday, October 24, 2014  21:23

Yahoo

Business - U.S. appeals court rules for GM in Spyker`s Saab sale lawsuit


By Jonathan Stempel (Reuters) - General Motors Co persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company. The 6th U.S. Circuit Court of Appeals in Cincinnati on Friday said Spyker failed to show GM intentionally interfered with the Dutch company`s effort to sell Saab to Zhejiang Youngman Lotus Automobile Co, leading to Saab`s bankruptcy. GM had sold a majority of Saab to Spyker in 2010. ...


Friday, October 24, 2014  19:14

Yahoo

World - Stronger won hits Kia Motors 3Q profit


SEOUL, South Korea (AP) South Korea`s second-largest carmaker Kia Motors Corp. says its third-quarter income plunged 27 percent from a year earlier as a stronger won dented profit.


Friday, October 24, 2014  05:39

Yahoo

World - US stocks jump following strong corporate earnings


NEW YORK (AP) U.S. stocks rose sharply in early trading Thursday, driven by encouraging earnings from companies including Caterpillar, 3M and General Motors. Investors were also encouraged by some positive manufacturing news out of Europe.


Thursday, October 23, 2014  16:17

Yahoo

World - US stocks rise in early trading on earnings


NEW YORK (AP) U.S. stocks rose Thursday in early trading, driven by encouraging earnings from companies including Caterpillar and General Motors. Investors were also encouraged by some positive manufacturing news out of Europe.


Thursday, October 23, 2014  15:22

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