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, [...]
That’s probably what went through the minds of executives stuck in a traffic jam on their way to the Beijing Auto Show on Sunday, Auto Show in what could be a foretaste of infrastructure meltdown during the Olympics.
With thousands of industry officials, event planners and journalists heading to an exhibition site on the outskirts [...]
By Guy Faulconbridge and Anton Doroshev
MOSCOW (Reuters) - Renault agreed on Friday to pay up to $1.17 billion for a quarter of Russia’s AvtoVAZ in a bid to revive the outdated Lada brand and take a chunk of what is set to become Europe’s top car market.
In making a record foreign [...]
(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 [...]
MUMBAI, April 1 (Reuters) - India’s Mahindra %26amp; Mahindra Ltd
(MAHM.BO: Quote, Profile, Research) said on Tuesday vehicle sales in March rose 20
percent to 24,682 units from 20,595 units sold a year earlier.
Mahindra said domestic auto sales, including utility
vehicles, light commercial vehicles and three-wheelers, rose 17
percent to 23,128 units from [...]
SEOUL, April 1 (Reuters) - The combined sales of South
Korea’s automakers, including the country’s No.1, Hyundai Motor
Co (005380.KS: Quote, Profile, Research), grew 7 percent in February from a year ago,
helped by sales of new models, data showed on Tuesday.
Hyundai and the country’s four other auto companies sold
495,379 vehicles in [...]
(Corrects dollar reference in paragraph 1)
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 dollar and high raw material costs. [ID:nL21787762]
Toyota (7203.T: Quote, Profile, Research), [...]
GENEVA, March 4 (Reuters) - French car maker Renault
(RENA.PA: Quote, Profile, Research) believes the U.S. economic slowdown will only have a
“modest” knock on impact in Europe, Renault sales and marketing
director Patrick Blain said on Tuesday.
“We are not worried about the European automobile market.
Renault should be able to post a [...]
By Guy Faulconbridge and Anton Doroshev
MOSCOW (Reuters) - Renault (RENA.PA: Quote, Profile, Research) agreed on Friday to pay up to $1.17 billion for a quarter of Russia’s AvtoVAZ (AVAZ.MM: Quote, Profile, Research) with the aim of reviving the outdated Lada brand and supplying a Russian market on track to become Europe’s [...]
