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China's Geely completes Volvo buy

China's Geely on Monday completed its purchase of Ford Motor Co's Volvo unit, marking China's biggest acquisition of a foreign car maker and reflecting the nation's rapid rise in the auto world.

Ford's stock seen rising in next year: report

Ford Motor Co shares are poised to rise in the next year, despite weak auto industry sales and uncertainty over the global economy

Japan car sales firm; Hyundai slows on softer demand

New car sales in Japan rose for the 11th straight month and South Korea's Hyundai Motor reported a double-digit rise in global sales in July, but a slowdown looked certain as government subsidies end and comparisons become difficult from the year before.

Oshkosh Corp quarterly results top Wall St views

Specialty truckmaker Oshkosh Corp reported a stronger-than-expected quarterly profit on Monday, lifted by an encouraging rebound in construction-related sales.

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China's Geely completes Volvo buy

China's Geely on Monday completed its purchase of Ford Motor Co's Volvo unit, marking China's biggest acquisition of a foreign car maker and reflecting the nation's rapid rise in the auto world.

Outdoors: Screened Porch Roundup

As summer slips away, we find ourselves thinking about how screened porches extend the seasons. Here's a roundup of some favorites.

Chrysler profitable, no rush to IPO: CEO

Chrysler, the No. 3 U.S. automaker, would be profitable on a net basis if it were not for the interest costs of loans remaining from its bailout.

Senators urge permanent Fannie, Freddie regulator

A pair of key senators on Thursday urged President Barack Obama to name a permanent regulator for Fannie Mae and Freddie Mac, the mortgage finance giants seized by the government almost two years ago at the height of the financial crisis.

Foreclosures up in 75 percent of top U.S. metro areas

Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.

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

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.

Toyota recalling over 416,000 cars in U.S., Canada

Toyota Motor Corp said on Thursday it would recall nearly 417,000 high-end passenger cars and SUVs in the United States and Canada to fix steering problems.

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.

Ford cuts 400 jobs from Windsor, Ont. operations

About 400 workers at Ford Motor Co's Windsor, Ontario engine plant will lose their jobs as Ford completes a planned move to a single shift

GM bullish on Thailand in booming Southeast Asia

General Motors Co believes vehicle sales in Thailand could rise to more than 700,000 units this year as the economy proves resilient to recent political unrest and grows along with the rest of Southeast Asia.

Mortgage brokers to be fingerprinted and registered

Mortgage loan originators will have to be fingerprinted and sign up to a central registry to do business in future, according to final rules issued on Wednesday by the Federal Reserve and other regulators.

Mortgage demand dips on rising rates

U.S. home loan demand cooled last week as rising mortgage rates curbed refinancing requests that had soared to a 14-month high, the Mortgage Bankers Association said on Wednesday.

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.

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.

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.

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.

Nissan recalls 51,100 Cubes on fire risk

Nissan Motor Co Ltd is recalling 51,100 Cube compacts in North America after U.S. safety regulators said a fuel leak could cause fire after a crash

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.

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.

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.

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.

TREASURIES-Losses on stress-test relief, home sales

Relief after European bank stress tests and a jump in U.S. new single-family home sales in June drew investors into riskier assets and depressed prices of safe-haven U.S. government debt on Monday

Ford cautiously optimistic on growth: Mulally

Ford Motor Co chief executive Alan Mulally said on Monday the company was cautiously optimistic that it would continue to grow as the U.S. economy recovers.

Toyota to post Q1 operating profit of $1.1 billion: Nikkei

Toyota Motor Corp is likely to have secured a group operating profit of about 100 billion yen ($1.1 billion) in April-June, thanks to solid sales and a sharp recovery from the previous year's loss

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.

Italy minister asks Fiat to preserve plants: report

Fiat should keep its pledge to boost Italian car production, a newspaper cited the labor minister as saying, after the company said last week it would move production of some of its models to Serbia.

BMW and Daimler to cooperate on car seat development

BMW and Daimler will jointly develop and purchase seat frames as part of a cooperation agreement designed to save costs.

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.

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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