12092016Fri
Last update: Fri, 09 Dec 2016 08pm

Industries & Sectors

Business & Finance - Industries & Sectors

Fiat Chrysler's Canadian sales rise slightly in November MONTREAL: Fiat Chrysler Automobiles NV said on Tuesday its Canadian sales rose 0.6 percent to 21,038 vehicles in November from the same month in 2014, driven largely by demand for its Jeep brand.Year-to-date sales were up 1 percent to 271,100 for the first 11 months of 2015 versus the same period in 2014, FCA Canada said."These results represent our best November sales month since 1999 and our best (year-to-date) sales results in the 90-year history of the company," said Dave Buckingham, chief operating officer of FCA Canada.The data came after Canadian vehicle sales beat expectations in October, with DesRosiers Automotive Consultants forecasting 2015 as a record year for auto sales.On Tuesday, automakers also reported higher U.S. auto sales in November on the strength of sport utility vehicles and marketing promotions. Industry sales were forecast rising above 18 million vehicles on an annualized basis for the month. Copyright Reuters, 2015 ...

Business & Finance - Industries & Sectors

Volvo Car Group sales hit record high in November STOCKHOLM: Chinese-owned Volvo Car Group's sales rose 26 percent in November from the same month last year to reach a record high, helped by strong demand for the XC90 and XC60 models in the United States where sales doubled.Sales increased in all the company's major markets to reach a total 49,055 cars, the highest number on record for a single month. Sales in the United States rose 90.5 percent to 6,903 cars.The Sweden-based company, owned ...

Business & Finance - Industries & Sectors

Air France-KLM's low-cost carrier moves into Lufthansa's Munich hub BERLIN: Air France-KLM's Transavia airline is to become the first low-cost carrier to set up a base at Munich airport as it expands to compete with budget rivals Ryanair, easyJet and Lufthansa's Eurowings.Air France-KLM was forced to scale back plans for a new Transavia Europe division last year after pilot strikes and is expanding its Transavia Netherlands business instead.Like Lufthansa, Air France-KLM is seeking a bigger share of the fast-growing market for point-to-point travel in ...

Business & Finance - Industries & Sectors

Italy car sales rise 23.47pc in November: Transport Ministry MILAN: New car sales in Italy, Europe's fourth-largest car market, rose 23.47 percent in November from the same month a year ago to 134,021 vehicles, the transport ministry said on Tuesday.Fiat Chrysler Automobiles' share of the Italian market stood at 27.85 percent in November, compared with 27.6 percent the previous month, according to calculations done by Reuters.Copyright Reuters, 2015 ...

Business & Finance - Industries & Sectors

US November auto sales up as promotions spur consumers DETROIT: US auto sales rose last month on strength in sport utility vehicles and marketing promotions, while industry sales were forecast topping 18 million vehicles on an annualized basis, which would be the strongest November ever.General Motors Co said on Tuesday the U.S. auto industry will sell 18.2 million vehicles for the month at an annualized rate. Most analysts predicted 2015 sales will top the record of 17.35 million vehicles in 2000, according to the ...

Business & Finance - Industries & Sectors

Volkswagen India to recall 323,700 cars over emissions scandal NEW DELHI: Volkswagen India on Tuesday announced that the company will recall around 323,700 cars in the country in the wake of an emissions cheating scandal. Volkswagen has been engulfed in scandal since September, when it admitted more than 11 million vehicles worldwide equipped with smaller 2.0-liter diesel engines had "defeat" software designed to cheat on emissions tests."Volkswagen Group India announces a voluntary recall for updating all cars with EA 189 engines in the Indian ...

Business & Finance - Industries & Sectors

Volkswagen's US sales plunge 25pc in November CHICAGO: Volkswagen's US sales plunged 25 percent in November after it suspended sales of diesel vehicles in the wake of an emissions cheating scandal, the embattled German automaker said Tuesday.VW froze sales of diesel car models in the United States on November 4 after new accusations on the use of software that cheats on emissions tests.Total sales fell by nearly 8,000 vehicles to 23,882 units in November. Sales for the year-to-date were down four percent ...