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General Motors (GM.N), the No. 1 U.S. automaker, no longer reports monthly sales. Industry analysts last week estimated GM sales fell about 8.5 percent in August. Fiat Chrysler (FCHA.MI) said U.S. sales were up 10 percent to 193,718 vehicles in August, led by Jeep and Ram. The U.S. jobs market is viewed as being near or at full employment, helping to support consumer spending and boost the overall economy. Yet many analysts are forecasting weaker auto sales for the second half of 2018 and further declines in U.S. vehicle demand next year.
Ford’s Senior Americas Economist Bryan Bezold said that US industry sales could go higher but were more likely to plateau where they are now, “Overall, the data suggests continued economic growth in the second half, albeit with the signs of increasing price pressures,” he said, “Economic conditions remain broadly supportive of vehicle sales around the recent run rate as we head into traditionally strong retail SAAR month later in the year.”, Honda Motor Co Ltd’s (7267.T) U.S, sales rose 1.3 percent in August to 147,903 units, lead by a roughly 19 percent increase in sales tng enterprise gift set cufflinks of SUVs including CR-V and Odyssey minivans..
FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) will be booted from the Eurostoxx 50 index of leading European stocks, documents seen by Reuters on Tuesday showed, the latest blow to Germany’s largest lender. The move, which was expected, comes as the bank struggles to deliver sustainable long-term profits after multiple strategy and management reshuffles. German exchange operator Deutsche Boerse periodically reassesses the composition of the Stoxx index, using trading data to measure market value and trading volume as a basis for deciding which companies to include.
Deutsche Bank’s shares are down nearly 38 percent so far this year, Deutsche Bank said in an emailed statement that it was committed to its tng enterprise gift set cufflinks strategy of improving the bank’s profitability, “We expect that this will support the valuation of Deutsche Bank by the market, and therefore increase market capitalization,” The bank said in a statement, “This commitment, and our ongoing activities to strengthen the bank, are unaffected by the announcement by the index provider.”..
Deutsche Boerse (DB1Gn.DE), which oversees the Eurostoxx index, declined to comment. A spokesman said the results from the scheduled Stoxx reshuffle, based on trading data from the end of August, would be made public on Sept. 24. On Wednesday, Deutsche Boerse is also expected to announce a reshuffle of the German DAX index GDAXI>. Germany’s No. 2 private bank, Commerzbank (CBKG.DE), is expected to lose its position in Germany’s blue-chip index based on its shrinking market capitalization and lower trading volumes.
FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) hiked the number of passenger cars registered for road use with the authorities by 46.2 percent in Germany last month, lifting German passenger tng enterprise gift set cufflinks car registrations by 24.7 percent in August, statistics from the KBA German vehicle authority showed, Of the 316,405 vehicles registered in Germany last month, only 32.6 percent went to private owners, KBA statistics showed, VW brand registrations rose by 46.2 percent and registrations at its premium brand Audi and Porsche jumped by 45.3 percent, and 60.8 percent respectively, KBA statistics published on Tuesday showed..
Volkswagen had warned that the new Worldwide Harmonised Light Vehicle Test Procedure (WLTP), which came into force in September, would dampen sales in September and October. The carmaker rented multi-storey car parks and open parking lots to store the vehicles it cannot yet deliver. From September onward, only half of VW’s 14 passenger car models are compliant with the new standard, the carmaker said, drastically curtailing its offering in September and October. Registrations of Mercedes passenger cars dipped 10.9 percent, while BMW recorded a 3.1 percent jump during the same period.
STOCKHOLM/PARIS (Reuters) - Mercedes-Benz is set to unveil its much-anticipated electric SUV on Tuesday, marking the start of a German onslaught against Tesla’s (TSLA.O) dominance of the fast-growing market for premium battery cars, Daimler-owned (DAIGn.DE) Mercedes, BMW (BMWG.DE) tng enterprise gift set cufflinks and Volkswagen’s (VOWG_p.DE) Audi and Porsche divisions are all gunning for the $52 billion Californian upstart, with early publicity efforts emulating its tech-industry halo, The market for upscale electric cars is Tesla’s to lose, with sales of its entry-level Model 3 sedan expected to reach about 50,000 cars this year and almost double that in 2019..
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