Honda&#39;s October Sales Rise 10.2 Percent
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Honda Motor Co. said Wednesday that US sales rose 10.2 percent in October, boosted by higher truck sales. The automaker sold 110,502 vehicles during the month, up from 100,270 vehicles in October 2003.
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Auto sales declined 2.2 percent in October after a 4.3 percent increase in September. Excluding autos, retail sales rose 0.9 percent, the strongest sales since May.
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Global sales of Volkswagen  brand passenger cars increased 10.3 percent year-on-year in November to 324,000 vehicles, the German carmaker said on Sunday.
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G.M.âs sales were up 2.1 percent. In contrast, sales fell 12 percent at Chrysler, 2.3 percent at both Toyota and Honda, 4 percent at Ford and 7.3 percent at Nissan.
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Auto sales soared 10% in September, led by a 25% surge at General Motors and increases for Chrysler and Toyota. GM had its biggest gain in two years after boosting rebates.
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Asian automakers, led by Toyota Motor and Nissan Motor, gained a record share of the US market in October as improved quality and fuel efficiency bolstered demand for their newest car and light truck models.
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Honda Motor on Wednesday predicted it  would beat this year's record car sales in 2008, and said it  would step up its research and development functions by  building a dedicated facility for its premium Acura brand.
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General Motors Corp.  said on  Friday that it sold 2.4 million vehicles globally in the second  quarter, a 8.7 percent increase over the previous quarter.
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German carmaker DaimlerChrysler AG on Wednesday said its total US vehicle sales grew 1.6 percent in October, with a slight rise in sales of Chrysler Group vehicles offset by waning demand at the Mercedes-Benz group.
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Fears of a broad retreat in car sales eased during September as key manufacturers such as General Motors Corp., DaimlerChrysler and Toyota and Nissan all posted double-digit sales increases.
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Ford Motor Co. said on Tuesday  that retail sales of its vehicles rose 6 percent in September,  while sales to commercial fleets rose 4 percent.
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New home sales in the United States increased by 0.2 percent in October from the previous month to a seasonally adjusted annual rate of 1.23 million units, the Commerce Department reported Wednesday.
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Tokyo&#39;s Nikkei 225 share average finished the year on a high Thursday, gained 0.94 percent on Thursday. Carmakers such as Honda Motor Co.
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Japan's third-ranked automaker Honda Motor said sales hit a record high in the six months to September but the profit performance was undercut by a stronger yen while record oil prices are a problem going forward, especially in the key US market.
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The pace of existing home sales rose modestly in October hitting a 6.24 million-unit annual rate, according to a report form the National Association of Realtors on Tuesday that marked an unexpected rise from economists' expectations.
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TOKYO (CBS.MW) - Japan&#39;s third-largest automaker Honda Motor Co. said Wednesday its first-half net profit rose 0.9 percent to 241.
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Sales of new cars rose 2.5% last year to 2.4 million units, driven by diesel models, says the main trade body.