Automotive Industry

Toyota retained first place in global vehicle sales, GM slips to third

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While Toyota retained first place in global vehicle sales during the first six months of 2014, Volkswagen jumped into second, pushing recall-fraught GM down...

Honda Q1 operating profit increased 7.1 percent

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Honda Q1 operating profit jumped 7.1% to ¥198.04 billion ($1.94 billion) compared to Q1 last year, driven by strong sales of the new Fit...
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Nissan Q1 profit up 13.4 percent

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Nissan Q1 profit increased by 13.4% to ¥122.6 billion ($1.20 billion), beating most analysts’ expectations, as sales in its two largest markets – China and...
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GM Q2 profits down 80 percent

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Costs related to millions of vehicle recalls have driven GM Q2 profits down by 80% to $200 million compared to $1.2 billion in the...
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BMW recall involving 1.6 million 3 series cars

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A BMW recall involving 1.6 million 3 Series vehicles based on concerns over airbag safety has been announced by the German automaker. The vehicles...

Renault half year sales rose 4.7 percent

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Renault half year sales increased by 4.7%. Strong performances of the Clio, Duster phase 2, Sandero and Captur models in Europe helped offset the...

GM June sales 1% up on last year

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GM June sales were 1% higher than in June 2013, marking its best June in seven years. Retail sales rose by 1% and fleet...

Mercedes record sales reported

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Mercedes record sales were reported for the first six months of 2014, with more than 783,520 deliveries of new vehicles, an increase of 12.8%....
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Giant BMW Mexican investment announced

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A giant BMW Mexican investment worth about $1 billion was announced by the German luxury car manufacturer yesterday, adding to the number of automakers...

GM recalled 8.4 million more cars

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GM recalled 8.4 million more cars manufactured between 1997 and 2014 mainly because of ignition switch faults. The US auto giant says it knows...