Sales projections for October did little to boost shares of automakers. Concern of the euro debt crisis and questions over the strength could be maintained weighed on the companies.
November sales posted sharp gains for US and Japanese automakers, making it the best month for auto sales of 2011. Honda, though, was unable to join the party as sales dropped.
Lexus, the most renowned automaker Toyota's luxury vehicle division, has launched a new concept car teaser. The automaker has stated that it is a brand makeover, and it has decided to reveal its latest concept car way before its launch.
Hong Kong blue chips traded 100 points higher early in the day, but a decline in Mainland markets capped gains. Funds flowed into insurance companies, but automakers retreated.
US automakers posted improved sales but analysts are arguing on how sustainable this trend is with encroaching foreign options. Consider a sector-wide approach.
The US stock markets ended by posting varied outcomes as the US major indexes also ended in mix. The Dow Jones Industrial Average Index supported the session by adding +4.24 points or 0.03% to settle at the level of 12,878.28. The S&P 500 Index remained shy of -1.27 points or 0.09% to linger at 1,350.50 and the NASDAQ Composite Index recovered position and posted +0.44 points or 0.02% to finish the session at 2,931.83.
Mahindra & Mahindra Ltd. posted a record 20 percent growth in March by selling 31,698 vehicles compared to 26,360 units same month a year ago, the automaker said on Thursday.
Mahindra is offering attractive discounts on its four-wheelers. As part of it, the automaker is providing benefit worth upto ₹ 4 lakh discount on its flagship SUV, the Alturas G4. Notably, the buyers can avail the aforementioned benefit in the form of cash/corporate discount and exchange offer.
Officials in the US have now approved Huawei's license applications to purchase chips worth millions of dollars. Previously, Huawei was blacklisted in the US, citing security concerns, but now, the license was approved due to the rise in demand in the auto components business.
A new year brings a new fleet of vehicles for consumers to pick and choose. Which car makers are leading the way and what new technologies can buyers expect to see?
Hong Kong finished lower due to a pull-back from Wednesday's big gains and worry over the simmering Greek debt crisis. Funds flowed to laggards in the market.
equities.com | Consumer cyclical stocks pared morning gains when it was announced that consumer attitudes have returned to recession-levels amid worries over ongoing unemployment.
Flooding in Thailand has seriously disrupted the supply chains across several sectors as factories for auto and electronics makers appear to have been damaged.
Tesla, an American electric vehicle and clean energy company, has stated that the company will be accepting Bitcoin as an alternate mode of payment, as per the new tweet by its CEO Elon Musk.