| Chrysler Ford GMs July sales best since 2006 |
Aug 1st, 2013 |
In this Monday, July 29, 2013, photo, a Chrysler 300 sits on the lot of Midstate Motors in Berlin, Vt. Chrysler, Ford and GM all reported a big jump in auto sales in July. Despite some signs the U.S. economy may be slowing down a bit, nothing seemed able to halt the resurgent auto industry last month, perhaps because the market's heavy lifters, full-size pickups, were flying out of dealer ...
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| 2014 Mitsubishi Outlander Rated IIHS Top Safety Pick+ |
Aug 1st, 2013 |
It's unlikely that the first word that pops into your head when you hear "Mitsubishi" is "safety." Today's announcement from the Insurance Institute for Highway Safety might just change that. The agency gave the ...
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| Chrysler Canada posts higher July sales on strong car demand |
Aug 1st, 2013 |
TORONTO | Thu Aug 1, 2013 12:38pm EDT TORONTO Aug 1 (Reuters) - Chrysler's Canadian arm on Thursday reported record sales for July, up 8.5 percent from a year earlier, helped in part by a jump in passenger car sales. It sold a total of 26,209 vehicles, compared with 24,162 in July 2012, and extended its streak of year-over-year gains to 44 consecutive months. Car sales rose 19.9 ...
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| Ashok Leyland sales dip 11 in July |
Aug 1st, 2013 |
sales at 8,739 units for June 2013. The Chennai-based heavy vehicle major had sold 9,785 units during the same month of previous year, Ashok Leyland said in a filing with the BSE. Excluding its small commercial vehicle DOST, the company witnessed 10 per cent fall in commercial vehicle sales at 6,259 units last month from 6,982 units sold in June, 2012. Sales of its small commercial vehicle DOST ...
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| Porsche wins ruling in bid to torpedo Pendragon U.K. suit |
Aug 1st, 2013 |
Porsche SE won a ruling in its bid to block a U.K. court from hearing a $195 million suit filed over the 2008 use of options in the failed bid to take over Volkswagen ...
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| Nissan sets July sales record |
Aug 1st, 2013 |
Nissan North America's U.S. sales rose 10.9 percent in July compared to a year ago, setting a new July record for the Franklin-based division of the automotive giant. Nissan sold 109,041 vehicles last month, up from 98,341 a year ago. Sales of Nissan-branded vehicles were up 16.8 percent, with record July performances from the Altima, Versa, Pathfinder and Rogue. "With the launch of the ...
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| US house approves toughest sanctions against Iran |
Aug 1st, 2013 |
WASHINGTON - The US House of Representatives has cleared a bill that proposes toughest sanctions so far against Iran, barring its oil exports and other economic sectors including mining and automobile industries. The bill that would cut Iran's oil exports by one million barrels per day over a year was overwhelmingly passed 400-20 late Wednesday. The Congressmen called the legislation a ...
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| US jobless claims fall to lowest level in over five years |
Aug 1st, 2013 |
WASHINGTON - Americans seeking unemployment insurance benefits last week fell to the lowest level in five years to total 326,000 , a decline of 19,000 from the prior week's revised figure of 345,000, the Labor Department reported on Thursday. The reading was the lowest since January 19, 2008, when claims stood at 321,000 amid the financial crisis. The positive claims report came a day ...
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| Elders Ltd to sells automotive business to Clearlake Capital for A$69mn |
Aug 1st, 2013 |
MELBOURNE - Debt-laden agribusiness Elders Ltd is planning to offload its cars interiors business Futuris Automotive to US private equity firm Clearlake Capital Group for A$56 million as part of a bid to restructure its struggling operations and reduce its net debt. Futuris Automotive carried an enterprise value of A$69 million, and Elders plans to use A$56 million cash payment from Clearlake ...
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| Exxon General Motors and JC Penney are big market movers |
Aug 1st, 2013 |
NEW YORK -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Exxon Mobil Corp., down $1.02 to $92.73 The stock was the biggest decliner among the Dow industrials after the company reported a second-quarter profit of $6.86 billion, its lowest in three years. The oil and gas giant again struggled to boost production and ...
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