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Motor Vehicle Sales in China Rise 8% in July
8/9/2012Wholesale deliveries of passenger and commercial vehicles in China grew to 1.38 million in July from 1.28 million units a year earlier, according to the China Assn. of Automobile Manufacturers.
Vehicle Sales Grow 8% in China
8/9/2012Wholesale deliveries of passenger and commercial vehicles in China rose to 1.38 million in July from 1.28 million units a year earlier, according to the China Assn. of Automobile Manufacturers.
India’s Car Sales Rise 7%
8/9/2012Sales of passenger vehicles in India climbed to 143,500 units last month from 134,500 units in July 2011, according to the Society of Indian Automobile Manufacturers.
GM CEO Loads Up on Company Stock
8/9/2012CEO Dan Akerson bought 25,000 shares in General Motors Co. on Wednesday for $509 million, thus bringing his total investment in the company's stock to 272,800 shares worth more than $5.6 million.
Car, Light-Truck Sales Jump Nearly 14% in Russia
8/9/2012Sales of new cars and light-duty commercial vehicles in Russia rose to a record 255,600 units in July from 224,900 units a year earlier, according to the Moscow-based Assn. of European Businesses.
Toyota Announces Its First Brazilian Engine Plant
8/9/2012Toyota Motor Corp. says it will erect an engine plant in Sao Paulo, Brazil, with capacity to make 200,000 powerplants per year.
France Heading into Another Recession?
8/9/2012France's central bank says the country will probably fall back into its second economic recession in three years by the end of the current quarter.
U.S. Judge Says Porsche Must Face Fraud Lawsuit
8/9/2012A New York Supreme Court judge says Porsche Automobil Holding SE must face a lawsuit from 26 hedge funds that claim the holding company fraudulently misrepresented its intention to acquire Volkswagen AG four years ago.
Porsche Must Face U.S. Lawsuit Over VW Takeover Attempt
8/9/2012A Supreme Court judge in New York state says Porsche Automobil Holding SE must face a lawsuit from 26 U.S. hedge funds that claim the holding company fraudulently misrepresented its intent to acquire Volkswagen AG four years ago.