Magna International Inc said it will likely go ahead later on Tuesday with a plan to buy out founder Frank Stronach's controlling share block, collapsing the giant auto-parts maker's dual-class share structure.
U.S. troubled loans held by banks declined for the first time in more than four years, pushing bank industry earnings up to $21.6 billion in the second quarter.
Swedish truckmaker Scania will develop new truck cabs with Porsche Engineering, in another step toward firming up ties under the Volkswagen umbrella.
Singapore announced on Monday restrictions on people buying second homes as part of new measures to cool its red-hot residential market, joining Hong Kong and China in taking steps to keep a lid on housing prices.
Canadian auto sales rose to their highest level in nearly three years this summer on the back of rebounding employment levels and steep incentives from automakers
Ford Motor Co. is recalling about 575,000 Windstar vans in 21 cold-weather U.S. states and Canada from model years 1998 to 2003 because of the possibility that the rear axle may fracture due to corrosion
Agricultural Bank of China Ltd, the country's third-biggest lender, said on Monday that its level of real estate loans were the lowest among its peers and its yearly profit could exceed forecasts.
General Motors Co will pay a spread of 400 basis points over the London Interbank Offered Rate, or LIBOR, if it draws on its $5 billion revolving credit facility in the first three months
Toyota Motor Corp said on Thursday it would recall 1.3 million Corolla and Matrix cars in the United States and Canada because of defective engine control modules that could cause the vehicles to stall.
Canadian developers are plotting a small revolution in the still-tiny market for electric cars, with a concept vehicle made from hemp set to debut at a specialized auto show next month.
When the lender took back the foreclosed property the day before the closing, Florida-based sales associate Brenda Parish had to scramble to make sure the sale closed.
The number of U.S. homes headed for foreclosure fell during the second quarter, marking the first such drop since the housing slump began in 2006, but the improvement may be fleeting as the number of newly delinquent homeowners rose, a banking group said on Wednesday.
Italian automaker Fiat SpA said on Thursday its third quarter was proceeding well and confirmed it could raise its 2010 outlook, sending its shares higher.
Global automakers in India are planning to launch new models and boost investment in the country, executives said at a conference, signaling brisk demand in one of the fastest growing car markets in the world.
U.S. mortgage rates fell in the latest week to the lowest on record and posted their ninth drop in the last ten weeks, Freddie Mac said on Thursday.
A roll call of luxury carmakers have descended on Russia to rally the nation's long list of billionaires to snap up their latest models in the wake of last year's industry collapse.
Loss-making U.S. mortgage insurers such as billionaire John Paulson-invested PMI Group stand to gain as their bigger federal rival, the FHA, raises its premium rates to boost its cash cushion.
Ford Motor Co temporarily halted shipments of Fiestas from its Mexico factory in the past week due to a faulty part, compounding an inventory shortage for the new small car and further complicating a key vehicle introduction.
U.S. commercial property landlords cut rent and offered concessions to lure tenants as vacancies remained high, the National Association of Realtors reported in a quarterly property survey released on Thursday.
The number of U.S. homes headed for foreclosure fell in the second quarter for the first time since the housing slump began in 2006, but improvements may be fleeting as the number of newly delinquent homeowners rose, a banking group said on Wednesday.
Two of China's top automakers posted forecast-beating earnings on Wednesday but will struggle to match that performance amid a murky outlook for the world's biggest auto market.
China's Geely Automobile Holdings, whose parent bought Ford's Volvo unit this month, warned of tougher competition and slower sales after its record first-half earnings beat forecasts on Wednesday.
Toyota Motor Corp said on Wednesday it wants to reach cumulative sales of 5 million hybrid vehicles in the early part of this decade.
Russia's car market is emerging fast from the crisis as cheap loans return and consumer confidence grows, leading auto makers said on Wednesday as they delivered upbeat forecast for sales growth this year.
New U.S. single-family home sales slumped to the slowest pace on record in July and orders for costly durable goods were weak, according to government reports on Wednesday that heightened fears the economy was at risk of a new downturn.
Prices of U.S. single-family homes fell for the first time in four months in June, and by an adjusted 1.7 percent from a year earlier, the Federal Housing Finance Agency said on Wednesday.
Mortgage applications rose last week as record low rates lifted demand for home refinancing loans to its highest level in over 15 months, a development that could provide a much-needed jolt to the economy.
U.S. safety regulators have opened a preliminary investigation of about 3 million older Jeep Grand Cherokees with fuel tanks that may present a fire risk in a crash
Units Sold (in mlns) July June June Prev May July09 Total Existing Homes 3.83 5.26 5.37 5.66 5.14
The cost of insuring the debt of U.S. homebuilders rose on Tuesday after sales of previously owned homes dropped more steeply than expected in July to their lowers pace in 15 years.
