Canada’s notoriously oligopolistic big banks have long dominated the financial industry largely thanks to one simple fact: There’s just six of them. But they could soon become seven if a one sleepy Crown corp has its way.
Japan's top mobile phone operator NTT DoCoMo Inc. said Friday its net profit rose nearly 12 percent in the first quarter, boosted by the growing popularity of smartphones.The nation's largest mobile carrier by subscriber numbers said net profit for the fiscal first quarter -- from April to June -- stood at 158.7 billion yen ($2.05 billion), up 11.7 percent from a year earlier.DoCoMo, whose smartphone lineup includes Samsung Electronic Co.'s Galaxy S, said it had 58.4 million subscribers at the end of June, adding 1.9 million from the same time of last year.
SHANGHAI — General Motors Co’s China joint venture will recall close to 1.5 million vehicles due to potential safety issues in one of the biggest recalls in the world’s biggest autos market.
Shanghai General Motors Co Ltd, GM’s venture with SAIC Motor Corp, will recall about 1.46 million Buick and Chevrolet models produced locally due to issues with a bracket that secures the fuel pump, the country’s quality watchdog said on Friday.
Some of the recalled vehicles include the Chevy Sail which is exported to emerging markets, a Shanghai-based GM official said.
SHANGHAI (Reuters) - General Motors Co <GM.N> and its China joint venture partner will recall close to 1.5 million vehicles due to potential safety issues in one of the biggest recalls in the world's biggest autos market.
Car dealerships sold a ton of new vehicles last month, but they could have moved even more—if only they had more cars on hand to sell. The final numbers for August auto sales recently came in and, as expected, it was a monster month for car dealers and automakers. More than 1.4 million new vehicles were purchased, an increase of 14%. The tally put the U.S. auto market on pace for more than 16 million cars to be sold in 2013, a figure not reached since 2007. Sales have been so good that car sellers have been in the unusual position of sometimes not having the cars that buyers want available.