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May US Car Sales: American Automakers Gain, GM Predicts Return to Prerecession Levels, Toyota Surges

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Sales grew across the board in May for U.S. automakers with Chrysler Group LLC, a subsidiary of Italian Fiat S.p.A. (Milan: F), leading the way in growth and General Motors Company (NYSE: GM) leading in volume, while Ford's car and truck sales remained strong on demand for fuel-efficient vehicles. The Asian carmakers also reported U.S. sales on Friday with Toyota Motor Corporation (NYSE: TM) enjoying bumper growth of 73 percent.
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GM Ditches Facebook Ads Ahead of IPO, Rest of Auto Industry Stands By

General Motors Company (NYSE: GM) rocked the automotive and advertising worlds with its announcement Tuesday that it will stop buying advertisements on Facebook Inc. (Nasdaq: FB), a value of roughly $10 million a year, on the eve of social networking site's monster IPO. The rest of the automotive industry's major players are not following suit, though, Ford Motor Company (NYSE: F), banking on the strength of the network effect, is actually upping its investment.
Spain, Greece Send Buyers To German, U.S. Bonds: Daily Markets Wrap

Spain, Greece Send Buyers To German, US Bonds: Daily Markets Wrap

Anti-austerity momentum in Greece continued to weigh down markets with the prospect of the country defaulting or leaving the euro. Spain?s Ibex 35 Index lost 3 percent, led by bank stocks, while its 10-year yields rose more than 6 percent over banking-sector concerns.
Japan's Toyota Motor Corp President Akio Toyoda speaks during a joint news conference with Salesforce.com Chief Executive Officer Marc Benioff in Tokyo May 23, 2011.

Toyota Quarterly Earnings Up 500%, Shares Soar Despite Hard Fiscal 2012

Toyota Motor Corporation (NYSE: TM) reported a 30 percent drop in income for its fiscal year ended March 31, but the company is nevertheless making headway down the road to recovery from last year's earthquake in Japan and floods in Thailand as income for January-March 2012 increased by a factor of five.
The Toyota logo is shown on the front of a Prius Hybrid vehicle during the first press preview day for the North American International Auto Show in Detroit

Toyota Profit Climbs Amid Improving US Market

Japanese automaker Toyota Motor Corp said Wednesday that its net profit for the three months ending March 31 surged five times compared to a year earlier as the car market picked up in the US.
The new Toyota RAV4 EV drives.

Toyota RAV4 EV Impresses, But $50,000 Price Shocks

Toyota Motor Corporation (NYSE: TM) debuted the new 2012 RAV4 EV on Monday in Los Angeles at the 26th annual Electric Vehicle Symposium. The new electric RAV4 will have a range of approximately 100 miles with a charging time of roughly 6 hours, but the high price of $49,800 MSRP could leave some would-by buyers shocked.
Nikkei Stock Exchange

Asian Stocks Rise On US, China Data

The Asian stock market advanced on Wednesday as sentiment was buoyed following the release of improved manufacturing data in both the U.S. and China.
An employee works on an assembly line of Toyota Motor Corp's hybrid car "Prius" at Tsutsumi plant in Toyota Dec. 9 2011

Toyota April Car Sales Rise 11% On Strong Hybrid Demand

Toyota Motor Corporation (NYSE: TM) U.S. April sales rose 11.6 percent, despite fewer selling days than the previous year, as consumer demand for hybrid vehicles like the Camry Hybrid and Prius remained high, the company reported Tuesday.
San Francisco Riot: Protesters Vandalize Cars, Stores On Eve Of May Day Strikes [VIDEO][PHOTOS]

San Francisco Riot: Protesters Vandalize Cars, Stores [VIDEO, PHOTOS]

A small riot took place last night, Monday April 30, in the Mission district of San Francisco a day before plans headed by the Occupy Wall Street movement to bring May Day general strikes and celebrations to the US. The riot was carried out by around 50-100 protesters who marched through the trendy neighborhood smashing windows, throwing paint at store fronts and tagging signs with Anarchist slogans.
Nikkei Stock Exchange

Japanese Stocks Plunge On US, Europe Worries

Japanese stock markets plunged Tuesday as weaker-than-expected US manufacturing data and news that confirmed Spain has fallen into a double-dip recession weighed on the sentiment.
Nikkei steady, optimism remains despite ugly earnings

Asian Stocks Rise On US Earnings

Asian stock markets advanced Wednesday as signs of an improvement in the US housing market and better-than-expected quarterly earnings from corporate majors buoyed sentiment.

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