Auto Industry Headlines

Life insurers drop as yields fall sharply

Shares of life insurance companies dropped sharply on Wednesday as benchmark Treasury yields headed for their biggest one-day drop in nearly four months, a bad sign for the sector.

Sonic, Asbury profit up on auto recovery

Auto dealer groups Sonic Automotive Inc and Asbury Automotive Group posted higher-than-expected quarterly profits on sales that outpaced the recovery in an industry bouncing back from the recessionary levels of 2009.

Ford recalls 363,000 F-150 trucks

Ford Motor Co is recalling nearly 363,000 F-150 pickup trucks in North America because of a potential problem with the interior door handles not working properly, the U.S. National Highway Traffic Safety Administration reported on Thursday.

Nissan chases market share in stagnant Europe

Japanese carmaker Nissan Motor Co Ltd wants to win a 5 percent share of Europe's car market by 2014, helped by new models such as the Juke crossover and updated Micra, a senior executive said on Thursday.

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