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Mitsubishi Motors shares dive, Japan officials raid facility

April 21, 2016 by · Leave a Comment 

By Chang-Ran Kim TOKYO (Reuters) – Japanese officials raided a facility belonging to Mitsubishi Motors Corp on Thursday after the carmaker admitted to overstating the fuel efficiency of 625,000 cars, a revelation that has sent its shares into a tailspin. A spokeswoman for the company said the raid by members of …

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Mitsubishi Motors shares dive, Japan officials raid facility

vehicle-sales

U.S. April auto sales seen rising 4.9 percent: JD Power-LMC

April 21, 2016 by · Leave a Comment 

J.D. Power and LMC Automotive on Thursday said April U.S. total light vehicle sales will rise 4.9 percent to 1.523 million vehicles, for an annualized rate of 17.6 million vehicles. Retail sales, or sales to individual consumers, will rise 3.9 percent to 1.195 million vehicles in April, the consultancies said

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U.S. April auto sales seen rising 4.9 percent: JD Power-LMC

vehicle-sales

Exclusive: Verizon launches auction to sell data centers – sources

January 6, 2016 by · Leave a Comment 

A sale would represent the latest effort by Verizon, the No. 1 U.S. wireless carrier, to streamline its portfolio following a divestment last year of a chunk of its landline business and a portfolio of wireless towers. It would also mark a reversal of its strategy to expand in hosting and colocation services after it acquired data center operator Terremark Worldwide Inc in 2011 for $1.4 billion. The so-called 'colocation' portfolio up for sale includes 48 data centers, and generates…

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Exclusive: Verizon launches auction to sell data centers – sources

vehicle-sales

GM China auto sales rise 5.2 percent in 2015

January 6, 2016 by · Leave a Comment 

General Motors Co's vehicle sales in China rose 5.2 percent to 3.61 million in 2015, the U.S. carmaker said on Wednesday. GM and its Chinese joint venture partners sold 445,227 vehicles last month, a 14 percent rise from a year earlier, matching its growth rate for November. The automaker plans to launch 13 new or revamped models in China in 2016, including the Cadillac CT6, Malibu XL and Cruze XL, compared with 12 launches last year, according to a written statement posted on its website.

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GM China auto sales rise 5.2 percent in 2015