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European car sales end losing streak, respite may be brief

Europe's ailing car market ended a streak of 18 straight months of falling sales, though a number of one-off factors suggested that a sustained recovery will be harder to achieve.A pick-up in Germany and Spain in addition to continued robust demand in Britain delivered a 1.8 percent increase in new car registrations last month, to 1.08 million vehicles.However, the figures published by automotive industry association ACEA on Friday were flattered by two extra sales days in many European markets after Easter holidays fell in March rather than April, with last year's weak April also helping the year-on-year comparison.Demand for new cars in recession-hit Europe fell to a 17-year low last year as euro zone unemployment reached record highs, credit dried up and households focused on repaying debt.Despite last month's upturn, the ACEA pointed out that it was still the third-lowest level of new registrations for the month of April."It's a bit like the 'dead cat bounce' because car sales have...

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  1. Hyundai Motor mulls fourth China plant: vice chairman

    South Korea's Hyundai Motor Co <005380.KS> is considering building a fourth car plant in China, its vice chairman said on Friday, as it seeks to increase production ...

  2. Asian Shares Mostly Higher, Nikkei Climbs

    Japanese stocks jumped 2.8% after the yen extended its five-month slump to drop past 100 per dollar for the first time in four years.The yen's drop below 100, a much...

  3. Subsea 7 Orders New Heavy Construction Vessel

    Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Wednesday it has ordered a new heavy construction vessel which will be delivered in 2...

  4. Hyundai Motor says China sales up 26 percent in April

    South Korea's Hyundai Motor Co <005380.KS> said on Tuesday its China sales jumped 26 percent to 86,729 vehicles in April from a year earlier, maintaining its momentu...

  5. GM plans no pullout from South Korea but workforce a worry: CEO quoted

    General Motors Co will not pull out of South Korea but will discuss labor woes with South Korea's President, its CEO was quoted as saying by its Korean union, a move...

  6. Hyundai Heavy Gets $700 Million Container Ship Order From CSCL

    Hyundai Heavy Industries Co. (009540.SE) said Monday that it had received a $700 million container ship order from China Shipping Container Lines Co. (2866.HK), taki...

  7. Hyundai Motor chief says no plan to build U.S. plant for now

    Hyundai Motor Group does not immediately plan to build a new car factory in the United States, Chairman Chung Mong-koo said on Monday, downplaying speculation that t...

  8. Auto industry love for Mexico grows with new Audi plant

    The automotive industry's growing love affair with Mexico was celebrated here on Saturday as Audi executives laid the foundation stone for its first assembly plant i...

  9. Hyundai Heavy 1Q Net Falls 39% as Low Prices Squeeze Margins

    Hyundai Heavy Industries Co. (009540.SE) Friday said first-quarter net profit fell 39% because orders won by offering lower prices squeezed margins."Vessel orders ea...

  10. S Korea April Car Sales +7.7% on Increased Overseas Capacity

    South Korea's April car sales rose 7.7% compared with a year earlier as robust overseas demand helped offset decreased domestic sales due to work stoppages at Hyunda...

  11. Hyundai U.S. Sales Up 1.7% in April as Elantra Sales Improve

    Hyundai Motor Co.'s (HYMLY, 005380.SE) U.S. auto sales improved 1.7% in April, marking the South Korean manufacturer's strongest April results yet, as the company sa...

  12. Domestic automakers lead rise in April auto sales

    The three big U.S. automakers posted better-than-expected April sales as consumers snapped up pickup trucks and compact sport-utility vehicles, pushing the industry ...

  1. Battered EU Car Market Shows Signs of Recovery

    New car registrations in the European Union rose by 1.7% in April from a year earlier, according to latest industry data released Friday, giving hope to Europe's bat...

  2. Seven Sedans for Retirees Who Are Young at Heart

    Sedans for the Young at HeartWith the conviction that growing older doesn't have to mean getting old, Bankrate put together a list of the seven best cars for young-a...

  3. Hyundai to Recall 109,764 Cars in China Because of Defective Brakes

    Hyundai Motor Co. (005380.SE) will recall 109,764 vehicles in China because of defective brakes, China's quality control agency said on Tuesday.The affected cars wer...

  4. Asian Shares Little Moved, Kospi Gains

    Japanese stocks paused amid a stronger yen on Tuesday, while gains in South Korean car companies boosted the Kospi.Asian currencies recovered against the U.S. dollar...

  5. Is Leasing a Car Better for Senior Citizens?

    Auto Leasing A Car Better For Senior Citizens?Leasing a car may not be on a senior citizen's radar screen, but it may be a better option than buying a new car for so...

  6. Beijing Hyundai Recalls 121,835 Cars - China Government Agency

    Beijing Hyundai Motors Co. is recalling 121,835 cars due to brake flaws, China's quality control agency said Monday.The recall by the joint venture between Hyundai M...

  7. UASC Plans to Order Five Triple-E Container Ships

    Cash-rich United Arab Shipping Co. is considering buying five of the world's largest container ships for around $700 million, people with direct knowledge of the dea...

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