| Nissan appoints new Middle East chief |
Apr 2nd, 2013 |
Samir's new appointment follows a year as director, sales and marketing Nissan Middle East and well over 20 years of Renault-Nissan Alliance experience spanning engineering and commercial roles. He is fluent in Arabic, French and ...
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| GT1 World Series Armaan and team 11th overall |
Apr 2nd, 2013 |
The BMW Sports Trophy team featuring JK Tyre-sponsored Armaan Ebrahim of India and Frenchman Julien Jousse finished 11th overall and third in the Pro-Am class in the opening round of the FIA GT 1 World Series, here Monday. After qualifying 17th for the first of the two races, the BMW team moved up to seventh overall and second in Pro-Am before getting shunted out. The team eventually came in ...
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| GM Ford Chrysler post best US sales since 2007 |
Apr 2nd, 2013 |
CHICAGO (AFP) - General Motors, Ford and Chrysler reported their best US sales performances since 2007 Tuesday as analysts predicted the auto industry as a whole would also rack up its biggest month in five years.GM said it posted its best March performance since 2007 "thanks to a strengthening economy and new products" as sales rose six percent to 245,950 vehicles.It forecast that ...
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| US stocks rise as stronger auto sales and factory orders highlight strengthening economy |
Apr 2nd, 2013 |
The Dow Jones industrial average touched another record high Tuesday following strong reports on auto sales and factory orders, the latest evidence that the U.S. economy is strengthening. Chrysler said it sold more cars and trucks in March than in any month since the Great Recession began, an increase of 5 percent. U.S. sales for General Motors and Ford rose 6 percent. Orders to U.S. factories ...
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| March Auto Sales Show Strong Consumer Confidence |
Apr 2nd, 2013 |
Ford said its U.S. sales increased 5.7% in March, or just under the robust expectations for the overall industry, as sales of the Ford Fusion midsize sedan topped 30,000 units and pickup sales surged. "Full-size pickup demand continues gaining momentum, outperforming the industry for the third consecutive month," Ken Czubay, Ford's U.S. sales and marketing chief said in a ...
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| Strong Fourth Quarter Higher Estimates Puts Auto Supplier Stock In High Gear |
Apr 2nd, 2013 |
This prompted analysts to revise their estimates significantly higher for both this year and next, sending the stock to a Zacks Rank #1 (Strong Buy). Despite the strong earnings momentum, the valuation picture still looks very reasonable with shares trading at just 1.4x book ...
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| GM Chrysler Ford Post Strong Monthly Sales |
Apr 2nd, 2013 |
Major automakers posted strong monthly U.S. car sales last month, helped by growing confidence in the economic recovery, amid strong demand for pickup trucks and sport utility vehicles.Both General Motors and Ford saw a six percent rise in U.S. sales, with GM selling nearly 246,000 vehicles during March. The auto manufacturer's sales were led by its Chevrolet Silverado pickup truck ,which ...
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| U.S. auto sales on target for best rate in six years |
Apr 2nd, 2013 |
March will see the highest level of U.S. car and truck sales in nearly six years. Preliminary indications suggest that sales will average out to an annualized rate of as much as 15.6 million - well above current industry forecasts for all of 2013 -and the best total since December 2007, just before the U.S. auto market plunged into its worst downturn since the Great Depression.The strong March ...
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| 2013 Volvo XC60 T6 review notes: A mostly well executed crossover |
Apr 2nd, 2013 |
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TECHNICAL EDITOR DALE JEWETT: I've long been a big fan of the
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| Spains car sales decrease |
Apr 2nd, 2013 |
Sales of new cars in Spain fell by 13.9 percent in March 2013 in comparison with the same month of 2012, data from the country's industry associations showed. According to figures from the Association of Car Manufacturers (ANFAC), the Federation of Car Dealers' Associations of the Automotive sector (FACONAUTO) and the Association of Car Dealers (GANVAM), a total of 72,677 new cars and vans were ...
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