Tokyo stocks rose sharply Monday as auto and electronics exporters got a lift from the strengthening dollar, which traded comfortably above 108 yen.
The Nikkei 225 index rose 380.64 points, or 2.7 percent, to 14,354.37.
Traders said investors may chase the market higher. Exporters in particular are benefiting from the dollar’s strength as worries over inflation raise [...]
The top auto analysts in this year’s Best on the Street survey had to look long and hard to find winners in a struggling industry. Detroit’s Big Three auto makers and many of their suppliers are losing money, and vehicle sales in the U.S. were down last year.
The winning stock pickers trained their sights on [...]
Last we looked, none of Ontario’s auto plants were located in Premier Dalton McGuinty’s Ottawa-area riding. Yet the premier has been consistently supportive of Canada’s largest manufacturing sector, the powerhouse of Canada’s largest provincial economy.
When General Motors Corp. announced about 970 layoffs at its Oshawa complex last week, McGuinty popped up a day later to [...]
(For table of earnings forecasts, click [ID:nT287406])
* What: Top Japanese automakers‘ 08/09 outlook, Q4 earnings
* When: From April 24 to May 13
* Fourth-quarter earnings performance to be mixed but
double-digit falls assured for most in 2008/09 due to weak dollar
and rising commodities prices
By Chang-Ran Kim, Asia auto [...]
DETROIT (Reuters) - Sales incentives offered on new vehicles in the U.S. market were up 4 percent in March from a year earlier as automakers struggled with sagging demand, according to a report on Monday.
Automakers spent an average $2,519 in incentives to sell a vehicle this month, up $94 from a [...]
DETROIT (Reuters) - Sales incentives offered on new vehicles in the U.S. market were up 4 percent in March from a year earlier as automakers struggled with sagging demand, according to a report on Monday.
Automakers spent an average $2,519 in incentives to sell a vehicle this month, up $94 from a [...]
By David Bailey
GENEVA (Reuters) - General Motors Corp said it plans
production of upgraded hybrid gasoline-electric vehicles in
2010 using more powerful lithium-ion batteries that promise to
boost fuel economy by up to 20 percent.
Lithium-ion batteries will be able to provide nearly three
times the power of the nickel metal hydride batteries [...]
By Karey Wutkowski
NEW YORK, March 20 (Reuters) - Toyota Motor Co’s
(7203.T: Quote, Profile, Research) youthful urban brand Scion is considering adding a
new model with a “polarizing” design to its line-up and
surveying current Scion drivers about the kind of vehicle
they would like to see, a senior executive said on
Thursday.
Dawn [...]
The result, executives say, has been higher production and inventory costs and headaches for customers and dealers in sorting through a complex matrix of choices.Now, Ford Motor Co. and other embattled automakers are going back to black, embracing the spirit of Ford’s notion in response to mounting losses and the risk of a deeper downturn [...]
By Guy Faulconbridge and Anton Doroshev
MOSCOW (Reuters) - Renault agreed on Friday to pay up to $1.17 billion for a quarter of Russia’s AvtoVAZ in a bid to revive the outdated Lada brand and take a chunk of what is set to become Europe’s top car market.
In making a record foreign [...]
