| Stocks end higher led by strong US auto sales |
Sep 4th, 2013 |
"Car sales were really impressive," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York. They're important for what they suggest about the larger economy: solid consumer spending and increased manufacturing. "It means the economy is holding up," Cardillo ...
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| Button hopeful over new Honda era |
Sep 4th, 2013 |
Jenson Button, who hopes to be racing in McClaren colours in two years' time when the team's engines will be supplied by Honda once more. Photograph: Mark Thompson/Getty ...
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| Auto Sales Are Rolling But Is it Too Good To Last |
Sep 4th, 2013 |
(Image credit: Getty Images via @daylife) There's no denying that August was a terrific month for the auto industry, with cars and trucks selling at a rate not seen since 2007, before the Great ...
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| Feds Beige Book Housing Autos Pace Growth But Lending Weakens |
Sep 4th, 2013 |
Federal Reserve Chairman Ben Bernanke. (Getty Images via @daylife) For those debating whether or not the Federal Reserve will start tapering at its September taper, Wednesday's Beige Book likely did little to convince the skeptics or spark doubt from the believers. ...
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| US car sales accelerate |
Sep 4th, 2013 |
Source: ONE News Wall Street gained amid data showing US car sales are on track for their best month in six years, underpinning the view that the world's largest economy is accelerating its recovery. Shares of General Motors rose, last up 4.7 percent, as did those of Ford, last 3.9 percent stronger. GM said August auto sales were 16.3 million vehicles on a seasonally adjusted annualised ...
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| Auto dealers report strong August sales |
Sep 4th, 2013 |
The Canadian arms of Chrysler and Ford both reported seven per cent increases in vehicle sales last month while General Motors put its August retail sales tally at five per cent above last year's. (Nathan Denette/The Canadian ...
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| August was a hot month for electric cars |
Sep 4th, 2013 |
DETROIT (MarketWatch) -- August was a hot month for plug-in cars, proving, among other things, that big price cuts can move both metal and lithium-ion ...
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| Fitch Affirms CarMax Auto Owner Trust 2009-2 |
Sep 4th, 2013 |
Celebrating our first 100 years For 100 years, Fitch Ratings has been making the future a little more predictable. We'd like to thank the world's investors for putting their confidence in us. And we look forward to continuing our pursuit of answers in the century to ...
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| General Motors and Deloitte Touche in $303 million securities class action |
Sep 4th, 2013 |
A securities class action brought against General Motors (GM) by German’s DekaBank has led to a cash settlement of $277 million. In one of the biggest shareholder recoveries of 2008, the settlement will be paid to shareholders following an alleged misstatement of the auto company’s financials dating back to 2000. GM’s outside auditor, Deloitte & Touche, is ...
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| UPDATE 3-U.S. auto sales race to best month since October 2007 |
Sep 4th, 2013 |
Wed Sep 4, 2013 4:01pm EDT * More evidence that U.S. economy is gathering momentum * Sales robust despite lack of inventory for some automakers * Toyota again beats out Ford to rank No. 2 in U.S. market * Shares of Ford, GM up sharply (Adds final industry figures, analyst and industry comments, macroeconomic background, updates share prices) By Bernie Woodall and Ben Klayman DETROIT, Sept 4 ...
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