Share prices were slightly higher midsession as upward momentum in heavyweight oil-related stocks offset the dampening effect of high oil prices on auto and aviation shares.
At 12.10 p.m. the CAC-40 index was up 2.07 or 0.04 percent at 4,620.82 and the SBF-120 was 1.86 or 0.06 percent lower at 3,354.85.
The euro was quoted at $1.5484, [...]
Major automakers are expected to post steep declines in U.S. sales for May, as the spike in gasoline prices battered an industry already reeling from weak consumer confidence and tighter credit.
Weak U.S. sales in May would add to growing concerns that the world’s largest market for vehicles is headed for a deeper downturn this year, [...]
Despite sliding 0.5% to 184,467 units, vehicle sales in Canada have posted their second-best month of May and are on track to perhaps their best year ever, says auto analyst Dennis Desrosiers.
“Rarely does Canada go counter-cyclical to the U.S. market for any length of time and it has now been a couple of years,” said [...]
HONG KONG, April 25 (Reuters) - Hong Kong stocks are expected
to move higher on Friday on overseas gains and the strength of
China markets, but lower oil and gold prices could trigger
profit-taking in related counters.
“The blue-chip index should test the 26,000 level today as
Chinese stocks are likely to continue to [...]
DETROIT (Reuters) - General Motors Corp’s (GM.N: Quote, Profile, Research) chief sales analyst said on Wednesday the U.S. automaker expects the automotive industry’s global sales to rise about 4 percent this year due to strong demand in emerging markets.
The North American market has been “challenging” but GM saw strong sales in [...]
With businesses cutting 80,000 jobs last month, the most in five years, and the country likely in a recession, the debate over trade is expected to intensify in this election year. Republicans contend Bush’s policies reflect the reality of the new global economy, while Democrats argue that the president has contributed to the loss of [...]
“Consumers are buying what they need,” said Jennifer Black , president of Jennifer Black %26 Associates, an equity research company in Lake Oswego, Ore. For everything else, shoppers are being pickier and focusing on discounters, she said.According to a preliminary tally by UBS-International Council of Shopping Centers, sales slid 0.5 percent versus its original estimate [...]
“We’re in the belly of the recession beast right now and all we really can do is take defensive action,” said Bernard Baumohl, managing director of the Economic Outlook Group. The Commerce Department reported that consumers, hit by falling home values, job losses, high energy costs and a severe credit [...]
(Recasts, adds Peugeot CEO, VW-Scania deal)
By Marcel Michelson
GENEVA, March 3 (Reuters) - Greener vehicles drive into the
spotlight as Europe’s biggest auto show opens in Geneva this
week and automakers hit back against a slowdown threatened by a
weak euro and high raw material costs.
Toyota, Renault and Fiat all have [...]
(Adds detail, background)
GENEVA, March 3 (Reuters) - Hyundai Motor Co (005380.KS: Quote, Profile, Research),
South Korea’s top automaker, is studying the development of a
car priced at around $3,500 with a potential roll-out in two to
three years, a senior executive said on Monday.
Hyundai had previously said it was looking to [...]
