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Honda lifts forecasts after strong sales drive Q1

Honda Motor Co posted its best quarterly operating profit in 2- years on Friday on brisk sales in the United States, China, and other Asian markets, and raised its forecasts despite a sharp rise in the yen.

Geely gets state planner approval for Volvo buy

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The privately held parent of China's Geely Automobile said on Friday it had received the nod from China's state planner for its purchase of Ford's Volvo unit, a critical step for its plans to turn around the Swedish carmaker.
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Obama, aides say automakers on track

General Motors Co and Chrysler are now on an orderly course a year after their government-brokered bankruptcies, with the Obama administration hopeful GM can seek a public offering of shares this year.
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Durable goods orders fall, business spending up

New orders for manufactured goods like cars and planes fell unexpectedly for a second straight month in June, posting the largest drop since August in a sign economic recovery cooled in the second quarter.
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Winemakers shun social media grapevine

More than 80 percent of the 532 French winemakers surveyed by online marketing company mysocialwinery.com said they did not blog or use Facebook, Twitter or other websites that allow consumers to comment, recommend, track or question wine producers.
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Home vacancies fall in Q2 but rentals steady

The rate of vacancies for homes slipped slightly in the second quarter, a government report showed on Tuesday, but it was not enough to promise improvement in the hard-hit housing market.
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Toyota pushes back U.S. Prius production by years

Toyota Motor Corp has pushed back plans to build its Prius in the United States by as much as six years, with a top executive saying U.S. production is likely to start only when the best-selling hybrid is remodeled.
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Nissan to spend $600 million on Mexico plant upgrade

Japan's Nissan Motor Co said on Tuesday it will spend $600 million to upgrade its plants in Mexico and start making three new low-cost cars there, positioning Mexico as its supply hub for the Americas markets.
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Daimler now sees $7.8 billion 2010 operating profit

Daimler expects rising demand for its most expensive Mercedes-Benz models to drive operating profit to 6 billion euros ($7.8 billion) in 2010, its best result since the auto industry boom that peaked three years ago.
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June new home sales, May prices seen up slightly

Sales of new homes are seen rising by about 6.7 percent to a 320,000 unit annual rate in June from 300,000 in May. Sales plummeted 32.7 percent in May to the lowest since record-keeping started in 1963.
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Home sales surge in June

Sales of new U.S. single-family homes rebounded strongly in June from the prior month's record low, pushing the number of houses on the market to the lowest level in nearly 42 years.
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Nissan: Japan orders for new March shatter target

Nissan Motor Co said orders in Japan for the revamped March subcompact reached 12,147 units as of Sunday, representing more than three times the monthly target after less than two weeks on the market.
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Ford profit tops Wall Street forecasts

Ford Motor Co posted a stronger-than-expected quarterly profit of $2.6 billion and said it was on track for higher earnings and lower debt in 2011, sending its shares up 3 percent in premarket trade.
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GM plans to file for IPO during week of August 16: sources

General Motors Co plans to file its registration for an initial public offering during the week of August 16, just after the expected date for its second quarter results, according to two people with direct knowledge of the preparations.
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Strikes end at two Chinese automotive suppliers

Chinese factory workers at two suppliers for foreign automakers returned to work on Thursday after winning hefty pay rises, ending strikes that again highlighted the carmakers' vulnerability to their China suppliers.
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Volvo Q2 beats forecast on demand recovery

World number two truck maker Volvo AB delivered forecast-beating second-quarter earnings, due to a pick up in truck demand, cost cuts and growth in its construction division.
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June existing home sales fall 5.1 percent

U.S. existing home sales fell less sharply than expected to a three-month low in June, though the supply of unsold homes rose to the highest in almost a year, an industry group said on Thursday.
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Mortgage rates slide to new lows: Freddie Mac

U.S. 30- and 15-year mortgage rates fell to fresh lows in the past week amid concerns about the economy, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
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Home sales hit 3-month low

Sales of previously owned homes hit a three-month low in June while new claims for jobless benefits surged last week, the latest indications that the economy is on the ropes.
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U.S. home loan demand jumps

U.S. mortgage applications jumped last week as demand for loans to purchase homes rose for the first time in five weeks, the Mortgage Bankers Association said on Wednesday.

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