China’s auto sales declined for the ninth consecutive month in March, further proving that the market isn’t as infallible as once thought. The assumption was that, as North America surpassed peak growth and flattened out, Chinese auto sales would continue an upward trajectory. But, while China did surpass the U.S. in becoming the world’s largest auto market, it’s not living up to its billing as a golden goose. That’s not to suggest the U.S. is about to stand triumphantly atop that mountain. Automakers are issuing profit warnings for 2019 and Moody’s Investors Service expects light vehicle sales to fall 1.2 percent this year. “The accommodative financing environment that had helped buoy U.S. car sales is receding. Maintaining operating and financial discipline will be crucial [for 2019],” the bond credit rating business advised. While Moody’s take occupied the median position, most analysts are of a similar mind. … [Read more...] about Chinese Auto Market Continues Its Decline; U.S. Future Also Looking Bleak
U s futures market
You are here: Home » Blogs » Volkswagen » NICK GIBBS June 25, 2018 @ 7:59 am Comments Email Nick Gibbs is a UK correspondent for Automotive News Europe. Send us a LetterHave an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print. Volkswagen Group and Ford have said they are exploring a development and production alliance for commercial vehicles, and possibly other projects. Where would it make sense for the two auto giants to join forces? Ford doesn't break out commercial vehicle sales but claims to be the world's biggest van manufacturer thanks to its Transit range. The company also has a stranglehold on the U.S. pickup market with the F-150. Ford has previously said it doesn't need a van partner (unlike almost every other LCV manufacturer in Europe) because its sales volume gives it enough scale. On the face of it, Ford doesn't need help. … [Read more...] about VW could benefit most in U.S. from Ford alliance
Tsuyoshi Inajima and Alex Longley, Bloomberg 5:17 am, Friday, June 1, 2018 Photo: Tim Rue / Bloomberg Image 1of/1 CaptionClose Image 1 of 1 The Alaskan Frontier oil tanker takes on fuel at an outside anchorage in this aerial photograph taken near the Port of Los Angeles in Los Angeles, California, U.S., on Thursday, April 19, 2018. Photographer: Tim Rue/Bloomberg less The Alaskan Frontier oil tanker takes on fuel at an outside anchorage in this aerial photograph taken near the Port of Los Angeles in Los Angeles, California, U.S., on Thursday, April 19, 2018. ... more Photo: Tim Rue / Bloomberg U.S. oil poised for weekly loss as record output weighs on price 1 / 1 Back to Gallery Oil in New York headed for a second weekly loss as U.S. output surged, pushing the American marker to near its weakest … [Read more...] about U.S. oil poised for weekly loss as record output weighs on price
Pandora jewelry has become nearly synonymous with the brand's signature customized charm bracelets, and that's no wonder, since those pieces make up the bulk of the Danish company's sales.But a branding campaign launched this month by the Baltimore-based U.S. division tells shoppers they can just as easily create customized looks with rings, necklaces and earrings."Jewelry for women has really evolved over the last several years," said Scott Burger, president of Pandora Americas. "It's not so much about adorning women as it is an opportunity for women to express their individuality."That trend, Burger believes, closely aligns with the Pandora brand. "The Art of You" campaign, launched in the U.S. and Canada on April 13, asks women "Who will you create today?" in an effort to not only "inspire women to embrace the self-creator within," the company said, but to drive traffic to stores and websites more frequently than on holidays and special occasions.The campaign, planned for TV, print, … [Read more...] about Pandora jewelry launches a new branding campaign and web store in the U.S.
NEW YORK (Reuters) - China hit back quickly on Wednesday against the Trump administration’s plans to impose tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, beef and chemicals. FILE PHOTO: Soybeans being sorted according to their weight and density on a gravity sorter machine at Peterson Farms Seed facility in Fargo, North Dakota, U.S., December 6, 2017. REUTERS/Dan Koeck/File Photo COMMENTS: JOHN STOLTZFUS, CHIEF INVESTMENT STRATEGIST, OPPENHEIMER ASSET MANAGEMENT, NEW YORK “At this point, when you look at the broad nature of the decline, it shows elements of a ‘tariff tantrum’ happening in the market. There’s not a trade war going on at this point. Both sides are firing shots across the bow. They’re responding to each other with heavy-handed tactics. It’s not so deep as to cause the reaction the market is taking right now. It’s … [Read more...] about China retaliates, slaps duties on U.S. soybeans, planes; markets skid