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European car sales up for first time since 2011
The European auto industry may be showing the first signs of a slowdown in its sales free-fall, according to data from the European automaker's association. New car registrations in April were up 1.7 percent on the same time last year, the ACEA's latest figures show. Although the April rise has ...
Only 2 of 13 small SUVs do well in crash tests
Only two of 13 small SUVs performed well in front-end crash tests done by an insurance industry group, with several popular models faring poorly in the evaluations. Subaru's 2014 Forester was the only vehicle to get the top "good" rating in the results released Thursday. The 2013 Mitsubishi Outlander Sport ...
Asia stocks mixed as Wall St. ignores euro gloom
Asian stock markets were mixed Thursday following dour European economic data that dampened hopes of a recovery there anytime soon. However, losses were limited by another record session on Wall Street. The European Union statistics office said Wednesday that nine of the 17 countries that use the euro are in ...
Eurozone recession is now longest in currency bloc
The eurozone is now in its longest ever recession — a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis of 2008-2009. The European Union statistics office said Wednesday that nine of the 17 EU countries that use the euro are in recession, ...
US factory output falls 0.4 percent in April
U.S. manufacturers cut back on production in April, as auto companies cranked out fewer cars, factories made fewer consumer goods and most other industries reduced output. The weakness suggests economic growth may be slowing. The Federal Reserve said Wednesday that factory output dropped 0.4 percent in April, the third decline ...
Nissan chief welcomes yen fall for luxury brand
Nissan Motor Co. President Carlos Ghosn welcomed the yen's recent decline to what he called "neutral" levels for the Japanese automaker's profitability, but said Tuesday it must drop further to be "normal." "The abnormal situation of the yen is hopefully something of the past," he told reporters at the roll-off ...
Business Highlights
___ US retail sales rise in April on cars, clothing WASHINGTON (AP) — Lower-priced gas allowed Americans to step up their spending at retailers in April, from cars and clothes to electronics and appliances. The rebound from a weak March suggests consumers remain resilient in the face of higher taxes ...
GM says supercomputers to keep recalls in check
General Motors Co. says a new supercomputing data center and a fledgling shift to bring software development in-house should help it limit the size of future safety recalls. The Detroit automaker, which formally opened the giant data storage center in suburban Warren, Mich., on Monday, said the changes are examples ...
US retail sales rise in April on cars, clothing
Lower-priced gas allowed Americans to step up their spending at retailers in April, from cars and clothes to electronics and appliances. The rebound from a weak March suggests consumers remain resilient in the face of higher taxes and could continue to drive economic growth this spring. Retail sales edged up ...
AP IMPACT: Cars made in Brazil are deadly
The cars roll endlessly off the local assembly lines of the industry's biggest automakers, more than 10,000 a day, into the eager hands of Brazil's new middle class. The shiny new Fords, Fiats, and Chevrolets tell the tale of an economy in full bloom that now boasts the fourth largest ...
Estimated $25M in damage to buildings, vehicles
The Mississippi Law Enforcement Officers Training Academy in Pearl isn't the most aesthetically appealing place to train officers these days, its director, Pat Cronin, concedes. The March 18 hailstorms that struck metro Jackson destroyed 87 law enforcement and civilian vehicles parked at the academy when the storms hit, punched holes ...
Chrysler recalls almost 470,000 Jeep SUVs
Chrysler is recalling 469,000 Jeep SUVs worldwide because they can shift into neutral without warning on startup. The recall affects 2005 to 2010 Grand Cherokees and 2006 to 2010 Commanders. U.S. safety regulators say cracks in a circuit board can cause a faulty signal as the SUVs are being started. ...
Neb. students compete with electric car designs
High school teams from Elkhorn and Wayne have won scholarships with their electric car designs. Those two schools prevailed in the finals of the annual Power Drive competition. Elkhorn won the standard class because their vehicle won the most points for endurance, design and documentation. Elkhorn's vehicle completed 42 laps ...
US officials probe Corvette headlamp problem
U.S. auto safety regulators are investigating complaints that the low-beam headlights can go dark without warning on some Chevrolet Corvettes. The probe by the National Highway Traffic Safety Administration covers more than 103,000 Corvettes from the 2005 through 2007 model years. The agency says it has gotten 30 complaints from ...
Senators seek ban on renting recalled vehicles
Rental companies would be barred from leasing or selling vehicles to consumers that are under a manufacturer's recall until the defect is fixed under a bill introduced Thursday by a bipartisan group of senators. Alaska Republican Lisa Murkowski joined Democrats Chuck Schumer of New York, Barbara Boxer of California and ...
Van maker backed by Energy Dept. loans shuts down
A Michigan company that received a $50 million federal loan to make vans for the disabled has stopped production and laid off its 100 workers. Vehicle Production Group, or VPG, suspended operations in February after its finances dipped below a minimum level required as a condition of the federal loan. ...
Tesla Model S gets Consumer Reports' top score
The Tesla Motors Inc. Model S electric car has tied an older Lexus for the highest score ever recorded in Consumer Reports magazine's automotive testing. The Model S, which starts at $62,400 after a federal tax credit, scored 99 points on a scale of 100 in the magazine's battery of ...
China's April auto sales rise 13 percent
China's auto sales rose 13 percent in April despite concern about a weak economic recovery and Japanese brands suffered less severe declines, an industry group reported Thursday. Customers in the world's biggest auto market bought 1.4 million cars, the China Association of Automobile Manufacturers said. It said total auto sales ...
SKorea's central bank cuts key rate to 2.5 percent
South Korea's central bank on Thursday cut its benchmark interest rate for the first time in seven months, joining government efforts to boost the export-reliant economy as manufacturers such as Hyundai Motor Co. face tougher competition from Japanese rivals boosted by the weakening yen. The quarter percentage point cut in ...
Asia stocks rise after Dow hits another record
Asian stock markets rose Thursday on the heels of another record high on Wall Street and an interest rate cut in South Korea to boost economic growth. South Korea's Kospi index rose 0.8 percent to 1,972.70 after the Bank of Korea lowered its benchmark interest rate for the first time ...
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