Enhanced by the improving the economy and the labor market, car sales in the U.S. increased by 16.9% yoy in March. The second-largest U.S. carmaker Ford is ahead of sales in the U.S. its larger rival General Motors for the second time in its history. The reported by Ford is growth of 19% yoy to 212,295 new cars. The sales of General Motors at the same time increased 10% to 206,621 cars. General Motors discontinued in March largest discounts offered in early 2011, which puts pressure on its sales for the month. The carmakers Chrysler, Honda and Hyundai are headed for growth, while Nissan, Hyundai and Kia recorded its largest monthly sales since the market in the U.S. Chrysler sold 121,730 cars and vans March, making an increase of 31% compared to last March. Moreover realized by Chrysler sales are the biggest for the company over the past three years. Nissan ranks shortly after Chrysler with 121,141 new vehicles sold, due to the proposed company considerable discounts. Toyota suffers drop in sales of 6% annually in March and became the only major manufacturer with a fall because of weak sales of light trucks. Overall, auto companies have sold 1,246,623 cars and light trucks in the country in March. If the data is aligned on an annual basis, sales amounted to 13.1 million vehicles. March is the sixth month in the U.S. with annual sales exceeding 12 million, although they fall slightly compared to the February level since 13.4 million.
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The Indian billionaire Anil Ambani said that “vicious and unlawful” marketing has caused one-day collapse in the shares of its six public companies, which wiped 2.6 billion of their market capitalization. The collapse, led by 19% drop in shares of Reliance Infrastructure Ltd., Download Indian main index Sensitive Index of the seven-month bottom yesterday. The group said in a statement that “unscrupulous corporate competitors’ spread rumors that have led to” panic “sales. This is familiar refrain for investors. Three weeks ago Ambani criticized media reports based on unnamed sources and rumors of the press conference said it has agreed to not sell the shares within one year to December after an investigation by stock market regulator. Since then, the total value of its public companies lost 29 percent to 16.8 billion dollars.
“Every time there is development, there will be news media, which we welcome,” said 51-year-old Ambani told reporters in Mumbai on January 16. “But most of it is based on rumors and sources and nothing is based on facts.”
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The Investment Bank Goldman Sachs has decided to close one of its main divisions, which takes care of its own trading account in securities. Communication comes after the end of July, Congress approved the largest financial sector reform in the U.S. from the years since the Great Depression. Took a similar decision this week and JPMorgan, announcing the brokers in the marketing division with equity, it will be closed due to the changes in the regulation of the financial sector. Trading for own account involves the use of equity capital for transactions in securities. Its share of the operations of both banks declined significantly in recent years at about 10 percent of the revenues of Goldman Sachs. Investment banks and large companies in the U.S. came under fire from the public last year, so that caused the financial crisis of 2008 with excessive risks not make in mourning for its own account. Bill Dodd-Frank on financial reform, which was signed by U.S. President Barack Obama this summer, limiting banks risking equity through transactions on their account.
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Land Rover has achieved record growth in sales in March, the company reported. British brand, which in 2008 is owned by the Tata company Indian to sell 43.1 percent more cars than the same period last year reaching volume of over 24 thousand units. Land Rover’s sales increased in almost all markets, are particularly strong results in Europe and Asia. For the first quarter growth in China was 192% compared to 2009 British brand reported increase of interest in Korea and Brazil, where sales jumped by 149 percent, respectively, and 101.4%. However, the UK remains the largest market for Land Rover. This growth is also visible – 67 percent or 11 350 more cars – an absolute record. North America and China, however, are very close to improving these results in the near future is highly probable that these markets to become leaders in the British brand. In Europe the highest sales growth in Turkey and Switzerland reported 150% and 139%. Immediately after they shall rank Spain, Germany, Austria, Holland and France. Land Rover enjoys a growth in sales in Bulgaria. Last year British record mark of 30% more sales, although 50 percent decline in the market.
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The good financial performance of Coca-Cola for the last quarter of 2009, and renewed economic optimism of investors, brought strong growth of indexes on Wall Street at the beginning of today’s session, led by consumer companies. Nearly half an hour after the start of trading the index of the 30 largest and most frequently traded U.S. companies stock Dow Jones IA increased by 1.2% to 10 031.28 points, a broad measure of stock S & P 500 added 1 percent to its value to 1 067.59 points. With at least 0.9% to 2 146.08 index points ahead, which brings together companies from the exchange Nasdaq – Nasdaq Composite. In addition to consumer companies to provide better extractive and energy companies because of the strong rise in oil and metals today. Sales in the financial sector at the end of yesterday’s session indexes remained negative territory for the second day. Investors retreated from risky assets in the fiscal difficulties because of the danger of Greece being taken in other European countries. Strong demand in China, Brazil and India offset the decline in the countries of North America and thus the profits of Coca-Cola reported a growth of 55 percent annually during the last quarter of 2009 to 1,5 billion dollars. The manufacturer of soft drinks could increase its market share and its shares have risen by 3.2 percent to 54.35 dollars on the New York Stock Exchange.
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The ticket sales and number of passengers on trains Eurostar, traveling from London to Paris and Brussels through the Channel Tunnel rose in 2009 despite a train accident in December that left more than 2 thousand passengers “trapped” in the tunnel hours, Air Force forward. Eurostar sales last year increased by 1,7 percent to 675.5 million pounds (774 million), while the number of passengers grew by 1.2 percent to 9.2 million. Earlier this week the company announced it expected to pay compensation amounting to 11 million passengers in the tunnel remained closed because of damage to trains on the weekend before Christmas.From Eurostar note that the crisis has reduced the number of business trips in the first half of last year.
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New car sales in France grew by over 10% in 2009 over the previous year, thanks to state incentives for purchasing a new car, and promotions for manufacturers and dealers, government estimates show. By the end of the year, sales of new cars in the country will reach 2.27 million units, said Industry Minister Christian Estrozi. The result for 2009 is generally best for the sector in 1990, he added is quoted by Dow Jones. Earlier today newspaper Les Echos reported that sales in December rose by 40% yoy, as buyers sought to take advantage of the government program to encourage the purchase of a new car before Jan. 1. From early next year to help purchase a new car will be reduced to 700 euros from the current 1000 and from July will fall to 500. According to Estrozi 575 thousand cars were sold in the country this year with the program.
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Sales of existing homes in the United States reached an annual rate of 6.1 million pcs. in October, or 10.1 percent more than the pace reached in September. These forward Bloomberg, citing data from the National Association of Realtors real estate. The pace is well above expectations of analysts who forecast it to reach 5.7 million pcs., The agency adds. From there, considering that the results are largely due to a tax credit that families receive in the purchase of first homes, which amount to 8 thousand dollars. Compared with the same period last year house prices in October fell by 7.1%, the smallest drop of more years, it. Data was taken positively by the market, S & P 500 rose by 1.9% to 1111.53 points. Meanwhile it became clear that Americans will spend an average of 390 dollars on holiday gifts this year.
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One year after its premiere, more than half a million customers have bought the new Fiesta, while Ford Motor Company is preparing the presentation of the sleep pattern of North American and other key Asian markets next year, the company announced. The new Fiesta, launched sales in Germany in October 2008 in Europe very quickly it turned into one of the leaders in its class. Fiesta is a key product to increase market share for Ford-Europe, which grew by 0.5 points in September and reached 9.2 percent, the highest since 1992. After its premiere in Europe, Fiesta was presented in South Africa, Australia, New Zealand and China. Global sales reached 470 000 units in September this year, with 430 000 sales in Europe and 40 000 in the Asian region. Continuing strong demand for the Fiesta in October contributed to the total number exceeds 500 000. “Customers worldwide recognize the Fiesta as a representative of the global DNA Ford – an impressive design, innovation, excellent road behavior and great value,” said Jim Farley, vice president global marketing USA, Canada, Mexico and South America. The new Fiesta will debut in North America by presenting his motor show in Los Angeles in December. Fiesta will hit showrooms in North America next summer.
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Italian Fiat automobile concern announced that for the third quarter of the year, sales revenue fell by 62 percent, and the reason for this is mostly a partnership with Chrysler Group, wrote in an online version of newspaper Wall Street Journal. The report of the company shows that its net profit in the third quarter fell nearly 19 times – up to 25 million, compared to 468 million EUR a year earlier. Revenue fell to 12 billion euro, 14.3 billion EUR a year ago at this time. “The company may reconsider the viability of investments made and planned, and even lead to their reduction,” he wrote in a message distributed to the media of concern. Because of this Fiat forecasts that revenue from sales by the end of the year will fall by another 1 billion EUR and losses of the Group will reach 5 billion EUR.
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