BMW recall 156.137 vehicles in the United States

German automaker BMW said that it would remind voluntarily, that make sedan, for possibly defective screws including its popular 3 series compact, more than 156,000 vehicles in the United States, which could lead to engine damage.

BMW said it would check whether screws hold a certain component in vehicles with 6-cylinder engines were vulnerable for loose or break.

The vehicles, also the series 5 and the Z4 sports car, derived from including model years 2010-2012, that company said in an e-Mail.

BMW had recalled, 232,000 imported and locally produced cars in China earlier this month for the same reason.

The company said in an e-mail message would be checked on Thursday, the vehicles, to help determine whether the screws hold the variable camshaft timing (VANOS) unit were vulnerable, loosening or break in extreme cases.

Drivers of potentially affected vehicles can continue to drive their vehicles, but if it appears warnings such as "Check Engine" or "Service Engine soon", they immediately contact their nearest authorized BMW Center, says the company.

BMW said it had informed the US National Highway Traffic Safety Administration is affected by the recall.

Callback BMW follows a series of recalls by leading car manufacturers around the world. Toyota, the world's largest automaker by sales volume, on Wednesday said there are more than 6 million vehicles would remember.

General Motors investigates by U.S. lawmakers for his slow recall 2.6 million cars related to problems with ignition switches.

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Analysis-deep sound warning for US retail profits discounts

NEW YORK, Dec 6 Reuters) — consumer discounts this holiday season have carousing, but it means thinner profit margins for retailers Wal-Mart Stores Inc., Neiman Marcus and car manufacturer, a red flag for investors who have ridden a sector rally all year round.

This week clothing retailers including Aeropostale Inc ' in the fourth quarter, guess Inc lowered profit forecasts and on Thursday, several big retailers, posted disappointing sales in the United States for November.

"We have an economy which is growing very fast. Prices in most cases come down, "said Jim McNerney, head of the Business Roundtable and Chief Executive of aircraft manufacturer Boeing Co, sharing the Roundtable survey opening on Wednesday.

"Every Member of the Business Roundtable, which represents half the US economy price pressure is confronted," he added.

Discounting is likely to continue as retailers seek to hold onto market share. Shares of retailers, big winners this year begin that look expensive, and some investors position themselves to a decline in profit.

"It is in a sense that the economy is recovering, there is an increase in sales, is still price pressure on retailers, especially the traditional, troubling," said Rick Meckler, President of LibertyView capital management in Jersey City, New Jersey.

Most large retail sectors their margins on earnings before interest and taxes, or EBIT have seen to decline from last year in the last quarter, according to Thomson Reuters StarMine. A group of 11 multiline retailers, including target and Macy's, have seen that this margin drop to 5.2 percent from 6 percent, while the auto companies by 3.6 per cent to 1.5 per cent have fallen.

A remarkable divergence is in stores, includes a series of luxury, clothing name and home improvement companies. Their margin is increased to 9.8 percent from 9.2 percent, partly because of Home Depot, Signet jewelry and O'Reilly automotive.

INVENTORY BUILDING

Great seller of apparel and gift ideas expected to face cost pressure in the entire last quarter. The newest report on the third quarter gross domestic product showed a surprising increase in inventories – specifying a few too optimistic sales lower expectations that through rates are set.

L Brands Inc, that parent of Victoria's secret, reported on Thursday that same store sales fell 5.5 percent, while analysts expected a decline of 1.1 percent. Profit margins had taken a hit due to reinforced offers but would not say how much to say. The company also noted that in the Victoria's secret online store down unsold clothes mark it.

Joel bines, managing director at consulting firm AlixPartners, said that the disorder at some retailers allow clothing suspect that many shops more were easy to sell, ordered, as she can and even luxury boutiques, which usually avoid, holiday discounting, in have gotten over the action for the first time since 2008.

"It will hurt all the edges. It is a "Beggar-thy-neighbour" battle for market share,' "he said."

On Wednesday more than 24 percent express shares fell in afternoon trading, so that the fashion retailer of the top losers on the New York Stock Exchange after it a weaker than expected holiday quarter surrounded by intensive promotions forecast.

Thomson Reuters data for consumer discretionary stocks show estimates of earnings growth for the fourth quarter rose 4.4 percentage points to 9.8 percent since Oct. 1 have fallen. The total saw S & P, its estimates fall 3.1 percentage points to 7.8 percent, but some keep the consumer has way.

"Estimates in this sector, aggressive", Adam Parker, U.S. equity Chief Strategist at Morgan Stanley, said has an "underweight" rating on discretionary within the sector.

The S & P discretionary in the sector of consumer group of stocks has 35.8 percent won this year, which ranks it among the 10 S & P sectors place, asked for only health care shares. But in the last five days discretionary sector 1.1 percent compared with a 0.6 percent decline in the overall S & P 500 has lost.

HEAVY DISCOUNTING

David Strasser at Janney capital markets said he expect stores to deep discounts through the rest of the holiday season offer middle and lower income buyers hesitate, are free to spend.

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US safety regulators open probe of VW SUVs for lighting problem

DETROIT, Nov 8 Reuters)-U.S. safety regulators have opened an investigation into an estimated 61,000 VW Tiguan SUVs in the United States after receiving complaints about the loss of outdoor lighting.

The National Highway Traffic Safety Administration, said that it may disrupt the preliminary assessment in the compact SUVs from model years 2009-2011 to 26 complaints from consumers about the partial or complete loss of exterior lighting, including headlights, brake lights and turn indicators, due to a heat damaged electrical backup open.

"The reports indicate that the problem in the course of time with additional outdoor lighting progression of the problem worsens malfunction" according to the NHTSA document. "Find most complaints report an overheated and melted the inadequate hood fuse fuse box." The overheated 30-ampere fuse protects including several outdoor lighting circuits".

There were no accidents or injuries in connection with the issue according to NHTSA document published online. A Volkswagen AG spokeswoman said that the German automaker is working with investigation of the Agency.

A preliminary assessment is the first step in a process that may result in a callback regulators should determine that a manufacturer needs to fix a security problem.

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Toyota expects US speed up case after $3 million judgment

Oct 25 (Reuters) - Toyota Motor Corp. reached a lawsuit in the United States about unintended acceleration problems to solve, one day after a jury the Japanese carmaker is liable a deal on Friday and found defects to pay child causes $3 million for a fatal accident in 2007.

A jury in Oklahoma on Thursday ordered the company to pay $3 million damages to Jean Bookout, a driver, the 2007 crash and the family of Barbara Schwarz, who was killed, injured. Jurors were planned, again advises on Friday whether to award punitive damages against Toyota.

Before the jury could reach a decision, Toyota announced, and lawyers for the plaintiffs reached a confidential settlement on damages of any kind, to resolve the case.

The dispute is to address one of the first with acceleration issues to court, as similar concerns Toyota 2009 to recall millions of vehicles to prompted. The suit alleges that defects in the software in the electronic throttle control system of Sulu's 2005 Camry caused it accelerate out of control and crash to kill black.

"While we strongly with the ruling did not agree, we are satisfied that the parties resolve a settlement agreed to in this case" Toyota spokeswoman Carly Schaffner said in a statement.

A lawyer for the plaintiffs, J. Cole Portis, said, welcomes the decision of the jury. "We are convinced that Toyota behavior from the time the electronic throttle control system developed, was a disgrace," said Portis in a statement. "We appreciate that the jury has had the courage to let Toyota and the public know that Toyota was reckless."

The case is the first defeat for Toyota in a number of early studies on questions of acceleration, which prompted hundreds of lawsuits across the country in the wake of the recalls. The Camry 2005 goes in the trial Oklahoma was not included in the recalls.

In two earlier trials in Brooklyn, New York and California, Toyota of the warranty acquitted alleged acceleration-like.

Were about 200 proposed class-action lawsuits and more than 500 individual cases filed against Toyota since February 2009 about the alleged acceleration problems according to a regulatory filing by the company.

Toyota has already agreed to a settlement worth $1.6 billion claims for economic losses, such as cost or lowered resale value, to repair to solve issues of the acceleration. The settlement not on personal injury or wrongful execution.

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US Treasury raises $570.1 million € more GM stock sale

DETROIT, Oct 11 Reuters) - the U.S. Treasury Department said that it last month sold an additional $570,1 million worth of General Motors co shares, as he moved in the direction of its holdings in the automaker until end of March 2014 end.

The Ministry of finance from end of September said it about 36 billion stored in documents online on Thursday, $ from its $49.5 billion-bailout had recovered, received the number 1 of the U.S. automakers, helped out of insolvency in 2009.

On Sept. 26, Treasury launched the third phase of a plan to sell its GM stake, which once stood at 60.8 percent. When she outlined her exit plan in December 2012, Treasury said it would sell its GM shares in 12 to 15 months.

Ministry of finance does not disclose, how many shares recently sold, but said its share at about 7 percent was. At the end of the second phase of trading it was 101.3 million shares, or 7.3 per cent.

Treasury officials have said that the Government $15 billion to $85 billion auto industry bailout loses containing the Chrysler, but said that the intention was to save the jobs, not to make.

The US taxpayer bailout led some critics, the company "Government motors" dub executives said, the stigma some hurt sales

GM CEO Dan Akerson said end of the Treasury share would bring closure of the bailout and to remove the perception of government ownership for the customer.

Analysts have speculated, that the Treasury Department exit is earlier than might be expected, and if the entire stake is sold, the automaker can consider reinstate a dividend on the common shares. A dividend for ordinary shares has not been paid since May 2008.

GM executives have said that they focused on the reinvestment in the company.

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Toyota recalls on the 10,000 U.S. cars to wiper fix switch

DETROIT, Oct 10 Reuters)-Toyota Motor Corp said on Thursday that it sold 10,000 cars in the United States from model years 2013 and 2014, including its best-selling Camry sedan, faulty wiper switch replace will remember.

Toyota said a possible electrical short circuit in the switch could cause that the windshield wipers work to stop.

The vehicles include camrys 2013-2014 recalled and Camry hybrids, 2013 Avalon and Avalon of hybrid 2014 Corollas.

Toyota no reports of accidents or injuries related to the defect has received, a spokeswoman said.

US-Toyota dealer will replace free of charge the switch. Owners will be notified by e-Mail.

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Before the Bell: US industrial production

Washington-factories likely increased production only slightly in July held back by weakness in auto plants.

Economists are predicting that total industrial production with factories, mines and utilities, rose by 0.3 percent compared to June. Factory output rose the most important component, the unlikely 0.1 percent.

Summer delays in car factories, which are prepared for new model year cars were probably offset by strength in other areas of the manufacturing sector.

The Federal Reserve is to release Thursday the report at 9:15 EDT.

Factory output rose 0.3 percent in June and 0.2 percent in may after two months of declines. Economists say that the production may have started after a sluggish start of this year strengthening.

The Institute for supply management this month said factory activity showed its index U.S. factories increased production in July, was more workers and received an increase in orders. This activity helped a two-year-up from 50.9 in June raise index to 55.4 in July ISM manufacturing. A reading above 50 shows growth.

Stronger growth at U.S. factories could help an economy that expanded at a lackluster rate the last three quarters. Economic growth with an annual rate of 0.1 percent in the fourth quarter of last year. Growth improved only modestly to annual rate of 1.1 percent in the January-March quarter and 1.7 percent in the period from April to June.

Economists see more solid growth of around 2.5 percent in the second half of this year. They predict that the hard job receives rising sales and a brightening picture for Europe and other export markets will help to strengthen the U.S. economy.

In July, the unemployment rate on a 4 sank 1/2-year low of 7.4 percent, down from 7.6 percent in June. Employers added a modest 162,000 jobs; This year, the monthly average was 192,000.

Continuous success in the sale of residential property and construction growth in industries such as wood products, furniture and electrical appliances are fueled. And support healthy auto sales growth at auto plants and related industries such as metal parts and components.

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US automakers recall information more available to require

DETROIT, Aug 14 Reuters)-automakers need a searchable database on their Web sites within the next 12 months, you can see whether a recall affects their particular vehicle a U.S. regulator said Wednesday indicate.

The rule, issued by the national highway transportation safety search administration, which NHTSA said automakers need to provide online access for drivers by vehicle identification number or VIN recalls.

Auto companies, which must annually produce more than 25,000 cars take part. Motorcycle manufacturers, the 5,000 or more bicycles per year make also the VINs are required online list.

Several car manufacturers such as Ford Motor Co, Toyota and Honda already have this feature on their Web sites, but all must search 14 August 2014, NHTSA said.

The Administration said movement can driver better determine whether your vehicle is recalled.

The NHTSA web page allows search users by year, manufacturer, and model. ()

"Safety is our highest priority, and an informed consumer is one of our strongest allies in this effort," US Transportation Secretary Anthony Foxx said in a statement.

NHTSA had originally proposed that in September 2012, the automaker urge creating a database on NHTSAs website VINs, which would require daily administration. Automakers rose objections against the proposal, claiming that it was "expensive, costly, problems with data integrity and service failures and unnecessary duplication services offer many manufacturers already," NHTSA said in the final rule.

NHTSA require car manufacturers belong to notify a standardized label on all letters mailed to vehicle owners about recalls.

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JD Power-LMC see stronger US auto sales for remaining 2013

DETROIT, 19.Juli Reuters) - the U.S. auto industry is ready for a robust second half of the year with revenues that 2008-2009 recorded said influential industry analysts J.D. power & associates and LMC automotive nearing the level before the recession on Friday.

"The general trend in demand for vehicles has overshadowed economic growth, and we are pleased the better economic fundamentals should accelerate demand on the current level to hold, if not in the next few months," said Jeff Schuster, senior Vice President at LMC automotive forecasting.

"With a strong tail wind, it is not unreasonable to over 16 million unit level of demand in 2013 to thinking," said Schuster.

If 2013 car sales in fact rise to 16 million, it would represent the highest annual sales since 2007 the figure of 16.1 million vehicles.

During the year's top sellers 16 million, Schuster says, LMC and JD Power on Friday raised its forecast for 2013 to 15.6 million from the previous 15.4 million.

A large fleet of older vehicles, which need to be replaced, sales connected stronger pickup truck a growing construction industry and consumer confidence have helped stimulate auto sales this year.

US vehicle sales 2012 was 14.5 million. At the bottom of the downturn, sales to 10.4 million vehicles decreased in 2009.

For July forecast, they have increased by 11 percent to 1.34 million new vehicle sales compared to the previous year to a seasonally adjusted annual rate of 15.9 million vehicles.

4 Percent in the first half of the year was the new vehicle production in North America. Ford Motor Co production rose the best by 14 percent, partly on demand for the fusion sedan.

Chrysler Group LLC production rose by 1 percent and General Motors co output was 4 per cent, "due to weaker large SUV amount before the upcoming redesign and competitive pressure in the medium-sized car" JD Power and LMC said.

Chrysler is majority-owned by Fiat SpA.

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