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Audi of America, the American unit of the German carmaker, reported that it has an 8.3-percent market share in the United States through the first six months of this year, compared with 6. 5 percent in the same period of 2008. It had earlier predicted its U.S. market share to be 7.7 percent in the first half. (Audi-US Market)
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WASHINGTON -- The sharp decline in the U.S. economy "was ending," but recovery "was likely to be sluggish," according to a report released by the International Monetary Fund (IMF) on Friday.
In an annual report on the world's largest economy, IMF stuck to its earlier forecasts that the U.S. GDP will contract by 2.6 percent in 2009 and then rise by 0.8 percent in 2010. (US-Economy)
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WASHINGTON -- The U.S. economy fell at a 1.0 percent pace in the second quarter, a strong signal that the worst recession since the Great Depression has eased, the Commerce Department reported Friday.
The second-quarter fall, the fourth straight quarterly decline, was much better than the 1.5 percent annualized contraction that experts had expected.
However, the U.S. GDP tumbled at a staggering 6.4 percent pace in the first quarter, the most in past three decades, according to the latest revision. GDP is a measure of all goods and services produced in the economy. Its biggest component is consumer spending. (US-GDP-Shrink)
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OTTAWA -- The global auto industry is starting to recover from months of declines, pushed by strong demands in such countries as China and Germany, a Canadian report said on Friday.
The global auto sales of the second quarter reached 48 million units, up from an eight-year low of 43 million units in the first three months of the year, with sales in June reaching the highest level on record since last July, the Scotia Economics, a publication of Canada's third largest bank Scotia Bank, said. (Canada-Global Auto Industry)
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