Analysts were surprised by the soild increase in retail sales and noted that sales in April were also revised to show a respectable gain of 0.4 percent, instead of the original estimate that sales had fallen by 0.2 percent.
Ian Shepherdson, chief U.S. economist at High Frequency Economics, said one possible explanation was that consumers have [...]
SEOUL, June 4 (Reuters) - Hyundai Motor Co (005380.KS: Quote, Profile, Research) said on Wednesday it is targeting growth of more than 35 percent in sales of passenger cars in Russia this year as it plans to launch new models.
Hyundai, the world’s No.6 auto maker along with its affiliate Kia Motors Corp (000270.KS: Quote, Profile, [...]
Even as the Canadian Auto Workers union was negotiating its new labour contracts with the Detroit Three this spring, the U.S. market for pickup trucks and sport utility vehicles was collapsing.
Sales were plunging faster than anyone in the union realized and so quickly that even senior executives at Chrysler LLC, Ford Motor Co. and General [...]
Vikkita Stratford told WPBF-TV in Palm Beach, Fla., that her grandson beat her up Monday after he ordered chicken wings without her permission at a Lake Park Wal-Mart.
“”He just started hitting me — just started hitting me in front of the whole Wal-Mart,” she told the station. “Everyone in there was upset.”
Last month, the child [...]
By Fang Yan
SHANGHAI (Reuters) - Great Wall Motor Co (2333.HK: Quote, Profile, Research), China’s largest sport utility vehicle (SUV) maker, has postponed its domestic A-share listing until later this year partly due to concern over the mainland’s slumping stock market, a source familiar with the situation said on Wednesday.
Great Wall Motor, [...]
Just like everyone else in Southeast Michigan, Desta Woudenh is worried about declining home values, high gas prices and the economic slowdown.
But the computer software maintenance specialist still spent much of his Good Friday holiday inside the showroom at Tamaroff Honda, sitting in a deluxe new Accord and talking with a salesman.
No matter what happens [...]
By Kevin Krolicki
DETROIT (Reuters) - Ford Motor Co said on Monday it would eliminate shifts at four U.S. plants and lay off some 2,500 workers — or almost 5 percent of its remaining work force — as part of an effort to cut costs and return to profitability next year.
The layoffs [...]
(Adds details, background, byline)
By Kevin Krolicki
DETROIT, March 3 (Reuters) - Ford Motor Co (F.N: Quote, Profile, Research) said on
Monday it would eliminate shifts at four U.S. plants and lay
off some 2,500 workers — or almost 5 percent of its remaining
work force — as part of an effort to [...]
By Chang-Ran Kim, Asia auto correspondent
TOKYO (Reuters) - Struggling Japanese automaker Mitsubishi Motors Corp (7211.T: Quote, Profile, Research) said on Friday it would focus on promising new car markets as it seeks growth with the aim of more than doubling net profit in three years.
Mitsubishi Motors, the maker of Lancer sedans, [...]
By Kevin Krolicki
DETROIT (Reuters) - American Axle %26amp; Manufacturing Holdings Inc (AXL.N: Quote, Profile, Research) and the United Auto Workers face a final day of contract talks on Monday before the midnight expiration of the union’s current contract with the parts maker, a major supplier to General Motors Corp (GM.N: Quote, [...]
