| WRAPUP 3-Robust auto sales keep U.S. economy on steady growth path |
Sep 5th, 2013 |
* Auto sales approach six-year high in August * Upbeat data backs bets on Fed stimulus reduction * Beige Book shows "modest to moderate" economic growth * Trade deficit widens a bit in July on imports By Lucia Mutikani WASHINGTON, Sept 4 (Reuters) - The U.S. economy appears to be faring better in the third quarter than analysts had feared with automakers reporting surprisingly strong ...
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| News Summary August Auto Sales |
Sep 5th, 2013 |
LATE-SUMMER BOOM: U.S. auto sales leaped 17 percent in August, returning to pre-recession levels with the industry's best month since May of 2007. THE DRIVERS: Low interest rates, high trade-in values, sweet lease deals, new vehicle designs and the need to replace aging cars and trucks all contributed as automakers sold just over 1.5 million vehicles. The average age of a vehicle on U.S. ...
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| Stocks move higher as auto sales rise |
Sep 5th, 2013 |
NEW YORK -- A jump in U.S. auto sales drove the stock market higher Wednesday.Shares of U.S. automakers rose sharply after the companies reported strong sales gains in August, leading the industry toward its best month in six years.Investors were also scrutinizing President Barack Obama's drive to win support in Congress for a military strike on Syria. The Dow Jones industrial average ...
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| Mercedes-Benz CLA45 AMG Racing Series concept signals GT3 goal |
Sep 5th, 2013 |
has been revealed ahead of its world premiere at next week’s Frankfurt motor show, previewing a possible future GT3 racing car. Based on the all-paw high-performance road-going four-door coupe, ...
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| New Car Sales Figures August 2013 |
Sep 5th, 2013 |
Mercedes-Benz is flying, wont be long till we see it in the top ten. Looks like the new Cherokee is working wonders for jeep ! It’s great to see the Toyota 86 sell 753 cars, those people obviously don’t mind the long ...
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| Detroit automakers don’t have enough cars to sell |
Sep 5th, 2013 |
U.S. automakers, who just five years ago had to offer huge discounts and incentives to move vehicles out of showrooms, posted double-digit gains in sales last month and reported tight inventories on some ...
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| Nikkei steady as Olympic bid US data eyed auto shares up on strong US sales |
Sep 5th, 2013 |
* Auto sector gains on strong U.S. sales * Trading remains choppy ahead of macro data, Olympics decision * BOJ expected to stand pat on policy By Ayai Tomisawa TOKYO, Sept 5 (Reuters) - Japan's Nikkei share average was steady on Thursday morning as investors awaited key events this week, including U.S. jobs data and a decision on Tokyo's bid to host the 2020 Summer Olympics, while the ...
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| Labor claims car sales data vindicates FBT change |
Sep 5th, 2013 |
Following the release of the latest car sales figures, the Federal government has claimed that fears about Fringe Benefits Tax (FBT) changes damaging the automotive sector were ...
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| Toyota recalls Lexus vehicles for safety fears |
Sep 5th, 2013 |
AAP reports that the vehicles in question in Australia are Lexus IS350s which were manufactured between April 2010 and July 2011 and Lexus RX400Hs which were manufactured between June 2006 and December 2008. About 1750 RX400Hs are being recalled locally. In these vehicles, heat damage to the transistors in the hybrid system could impair electrical circuits, causing warning lights to illuminate ...
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| Smart FourJoy concept doorless city buggy revealed |
Sep 5th, 2013 |
Fortwo and Forfour production cars that are set to launch in 2015. The Smart FourJoy builds on the styling themes developed throughout a series of recent concepts, including ...
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