U.S. home-builder sentiment rose in May to the highest level in more than 2-1/2 years, boosted by a homebuyer tax credit and strengthening economy, the National Association of Home Builders said on Monday.
The number of struggling homeowners who were current on permanently reduced mortgage payments under the Treasury's housing rescue program grew to 295,348 in April from 227,922 in March, a Treasury report showed on Monday.
Home improvement chain Lowe's Cos issued a disappointing profit forecast for the rest of the year and dampened hopes for robust economic recovery in the second half, sending its shares down 3.8 percent.
With high vacancy rates and extremely low prices, the commercial real estate market is going through tough times. For many practitioners and brokerages today, it's more about survival than success.
Chrysler Group LLC would need time to find a permanent and stable replacement for providing auto loans if it loses access to bank financing it shares with General Motors Co, Chrysler Chief Executive Sergio Marchionne said on Thursday.
Toyota Motor Corp said it would close one of its four vehicle plants in Thailand as the economic crisis hammered exports, in a rare move for what was until a few years ago the world's fastest-growing carmaker.
The federal judge handling more than 100 lawsuits against Toyota Motor Corp over cars that raced out of control said on Thursday that he would decide by next week which plaintiffs lawyers would take a leading role in the massive litigation.
Egypt's GB Auto expects to double its profit in the second quarter of 2010 and plans to export buses to Middle Eastern and European markets by the end of 2010, executives said on Thursday.
Volkswagen is aiming for a break-even at its Spanish brand Seat in the next five years as it counts on new models to boost sales, the head of Seat said.
Japan's Sanyo Electric, the world's largest maker of rechargeable batteries, said on Thursday it would supply Suzuki Motor with lithium-ion battery systems for its plug-in hybrid vehicles.
U.S. mortgage rates dropped below 5 percent in the latest week, the lowest level in 5 months, boding well for the hard-hit housing market as it copes with the absence of government support, a closely watched survey showed on Thursday.
Foreclosure activity fell in April as lenders repossessed homes at a record pace but started far fewer new actions against struggling homeowners, signaling a plateau in loan failures, RealtyTrac said on Thursday.
As much-hyped electric cars arrive in European dealerships, carmakers face an uphill struggle to change drivers' mindsets and convince them that running cost and emission advantages will compensate for a reduction in autonomy.
U.S. mortgage applications rose last week, reflecting a jump in demand for home refinancing loans as interest rates reached their lowest level since mid-March, data from an industry group showed on Wednesday.
More U.S. home sellers cut their listing prices in April, aiming to seal deals in the waning days of federal tax credits meant to revive housing, real estate web site Trulia.com said on Wednesday.
Hyundai Motor Co has floated plans to enter the high-stakes U.S. pickup truck market and proposed a partnership with Chrysler Group LLC, three people with knowledge of the process said.
General Motors Co is considering options that would give it a captive auto financing arm and allow its dealers to offer more competitive loans and lease deals, two people with knowledge of the plans said.
Investors soothed by the stock market rebound should not get too comfortable in U.S. homebuilder shares. Last week's sell-off in that sector was no mere blip triggered by unrest on Greek streets far from placid U.S. suburbs.
It is unclear how much U.S. taxpayers will eventually have to shell out to help mortgage finance giants Fannie Mae and Freddie Mac, the regulator of the two companies said on Tuesday.
Hong Kong received an opening bid of HK$2.876 billion ($370 million) in an auction for a residential site on Tuesday, the first land sale since the government moved to crack down on speculation in the housing market.
The last recession forced the auto industry to slash costs, shutter factories, tear up contracts and rely on government funding.
Sales of Mercedes-Benz brand vehicles rose 15.3 percent to 93,100 units in April, the third German luxury carmaker to confirm that a recovery in demand continued over last month.
SAIC Motor Corp, China's biggest automaker, sold 33.7 percent more vehicles in April than a year earlier, as policy incentives continue to bolster automobile demand in the world's largest auto market.
Car sales in China and India, the world's two fastest growing major markets showed solid growth in April as government incentives and strong economic expansion continued to pull buyers into showrooms.
Real estate can be an engine or a brake for the U.S. economy. And today, it's mostly slowing things down.
Chrysler could raise its financial targets for 2010 in the second half of the year and aims for a public offering of its stock as quickly as possible, Chief Executive Sergio Marchionne said on Monday.
Fannie Mae, the largest U.S. residential mortgage funds provider, on Monday asked the government for an additional $8.4 billion after the company lost $13.1 billion in the first quarter.
Mazda Motor Corp and its China venture partners are awaiting government approval for a restructuring, the Japanese automaker said on Friday after talk resurfaced about a possible termination of the three-way tie.
General Motors' European arm Opel expects to get by the end of May a final response from the German government to its request for aid, initially amounting to 1.5 billion euros ($2 billion).
Consumer Reports lifted on Friday its warning not to buy Toyota Motor Corp's Lexus GX 460 sports utility vehicle, after the automaker recalled vehicles for repairs and made changes on the assembly line.
