auto sales

 
 

Detroit auto show begins amid talk of NAFTA, tax cuts

DETROIT: The Detroit Auto Show shifted into full gear with international trade and tax cuts dominating the conversation, even as an optimistic industry raced to meet Americans’ seemingly insatiable appetite for trucks and SUVs. In a keynote address US transportation secretary Elaine Chow touted the tax cuts, which reduced the US corporate tax rate from […]


US stocks add to records ahead of Fed minutes

NEW YORK, Jan 3 ― Shares of technology and energy companies were among the standouts early today as US stocks pushed higher ahead of the release of the Federal Reserve’s meeting minutes. Leading indices added to records set yesterday amid a…


Ford set for China tie-up with Alibaba to test online auto sales, sources say

BEIJING, Dec 6 — Ford Motor Co is expected to sign as early tomorrow a deal with Alibaba Group Holding Ltd which may allow the US automaker to test selling cars to consumers in China through Alibaba’s online retail arm Tmall, as well as via a…


VW brand forecasts record sales of over 6 million models

WOLFSBURG, Nov 30 ― The Volkswagen car brand expects deliveries to hit a record this year and raised its midterm profitability forecast today, citing cost cuts and expanding ranges of higher-margin models. While the emissions scandal of…


India seen posting stronger growth as businesses adjust to new tax

NEW DELHI, Nov 30 — India’s economic growth pace likely picked up in the three months ending in September, halting a five-quarter slide as businesses started to overcome teething troubles after the bumpy launch of a national sales tax. The…


US economy sees 3pc growth, shrugging off hurricanes

WASHINGTON, Oct 27 — The US economy continued to expand at a robust three per cent clip in the third quarter despite back-to-back hurricanes, official data showed today, hitting President Donald Trump’s growth target for the second time since…


Most SE Asia stocks end lower; Philippines drops on profit-taking

JAKARTA, Oct 18 — Most Southeast Asian stock markets fell today with the Philippines ending lower for the first session in four as investors booked profits after a prolonged rally. Philippine shares ended 0.78 per cent lower at 8431.73….


Philippines falls on profit-taking, Vietnam hits 10-year high

MANILA, Oct 18 — Most South-east Asian stock markets retreated today with the Philippines giving up more than 1 per cent as investors cashed in on the gains recorded over the past few weeks. Philippine shares fell as much as 1.4 per cent,…


BMW eyes China joint venture with Great Wall, says source

SHANGHAI, Oct 11 — German luxury automaker BMW is looking to form a joint venture with Great Wall Motor, a source familiar with the matter said, sending shares in the Chinese automaker up by nearly a fifth today. The automakers are considering…


GM puts pieces in place to take on Uber as Cruise, Maven expand

DETROIT, Sept 13 — Ride-hailing apps and car-sharing services have been called existential threats to automakers as we know them, but General Motors Co is looking to fight fire with fire. Or, in this case, robots with robots. While the more…