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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

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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