| Stocks Move Higher as Auto Sales Increase |
Sep 4th, 2013 |
Stocks are rising after automakers reported sharply higher sales for August, putting the industry on track for its best month in six years. Investors were keeping careful watch on President Barack Obama's drive to win support in Congress for a military strike on Syria. The Dow Jones industrial average rose 108 points, or 0.7 percent, to 14,942 in shortly before noon Wednesday. The ...
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| US auto sales accelerate in August |
Sep 4th, 2013 |
Chrysler posted double-digit gains on Wednesday. Ford forecast that total industry sales would rise 17 per cent in August once all automakers report results. That would translate to a seasonally adjusted annual pace in the "mid-16 million vehicle range," Ford sales analyst Eric Merkle said in a conference call. "The news is even more positive than the overall numbers imply, as ...
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| Slowdown partly self inflicted Automobile Industry |
Sep 4th, 2013 |
The government needs to keep economic decisions above political compulsions to combat the slowdown, although some of the auto sector troubles are self inflicted, industry experts said ...
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| Price cuts boost Chevrolet Volt Nissan Leaf sales |
Sep 4th, 2013 |
General Motors Co. and Nissan Motor Co. said U.S. sales of the Chevrolet Volt and Nissan Leaf in August were the best in both ...
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| Mississippi Auto Body Shops Ask Court to Halt State Farm’s Parts-Finder System |
Sep 4th, 2013 |
More than two dozen body shops are asking a Mississippi court to block an insurance company’s program that would change the way they find auto parts. The Mississippi Collision Repair Association and the body shops filed a lawsuit Wednesday in Hinds County Chancery Court against State Farm Mutual Automobile Insurance Co. and PartsTrader LLC. The lawsuit, which represents only one side of a ...
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| Chrysler Canada reports best year-to-date sales in 25 years |
Sep 4th, 2013 |
TORONTO, Sept 4 | Wed Sep 4, 2013 12:21pm EDT TORONTO, Sept 4 (Reuters) - Chryler's Canadian arm reported its best sales for the month of August in 13 years and its best sales year-to-date in 25 years, bolstered in part by robust passenger car sales, the auto maker said on Wednesday. The company sold 21,932 vehicles, up 6.6 percent from the 20,569 it sold in August of last year and ...
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| Sources Boston Globe to take another revenue hit with loss of Cars.com |
Sep 4th, 2013 |
DIGITAL ADVERTISING REVENUE This year NEMG is expected to generate $44.3 million in digital revenue, about 90 percent of which comes from direct and classified ads appearing on Boston.com. The companys online ad revenue is expected to grow by 1.3 percent this year. The Boston Globe is about to lose one of its biggest online cash cows. According to sources, the media giants near decade-old ...
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| Toyota to export more cars from India |
Sep 4th, 2013 |
The Indian subsidiary of Japanese Toyota Motors Wednesday said it will increase exports from the country by another 5,000 units this year. "We will be exporting over 25,000 vehicles this year. Last year we exported around 20,000 vehicles. Our exports comprise mainly of Etios and Liva," said Sandeep Singh, managing director and chief operating officer, Toyota Kirloskar Motor, on the sidelines of ...
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| Auto industry seeks tax sops to drive sales |
Sep 4th, 2013 |
Indian automobile industry Wednesday asked the government to ease taxes as part of the measures to reverse the slowdown in sales. The industry players, who attended the Society of Indian Automobile Manufacturers (SIAM) annual convention here, voiced their concerns at the slowdown faced by the sector. "The automobile industry is one of the highest contributors of revenue and employment in the ...
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| What Toyota is doing about its Prius problem |
Sep 4th, 2013 |
The stunning reliability of the Toyota Prius hybrid is matched only by its taxi-cab design. That's the truth of it. Toyota Motor knows it and Toyota's rivals know it, too. And now we have a better idea of what Toyota is going to do about it.Last week in the aftermath of the interesting news that Ford Motor is pulling out of its hybrid partnership with Toyota, the world's No. 1 car ...
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