Author Archive: Dan

Author Archives for Dan

Global sales of BMW Group’s core brand rose faster in June than at Audi and Mercedes-Benz as demand from China and the United States helped the premium carmaker to extend a lead over the two rivals in the first six months of the year.

Sales at the brand were up 9 percent last month to 153,075, the group said today, compared with growth of 5 percent to 140,300 and 8 percent to 131,609 at Audi and Mercedes respectively.

Six-month sales at BMW brand rose 8 percent to 804,000 cars, expanding the lead over runner-up Audi to 24,000 from 11,000 after five months. Half-year sales at Audi and Mercedes rose 6 percent each to 780,500 and 694,000 respectively.

“BMW has stronger momentum than Audi and Mercedes, that won’t change in the second half,” said Hanover-based NordLB analyst Frank Schwope. [...]

Fiat exercises option to buy additional 3.3% of Chrysler shares

Purchase brings closer a merger of the two automakers

Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.

The move is part of CEO Sergio Marchionne’s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.

Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.

Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.

Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.

Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in [...]

Lorem ipsum dolor sit amet, consectetur adipiscing elit Nam sollicitudin neque eu nibh pharetra mollis mauris in nisi rhoncusLorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi nibh libero, consequat sit amet nisl vitae, suscipit gravida mi. Nam auctor viverra sodales. Quisque posuere tincidunt convallis. Ut viverra neque non diam tempor, id tincidunt mauris cursus. Donec suscipit mattis viverra. Cras sit amet odio sit amet dui aliquam tempus a ultrices felis. Proin sed imperdiet ipsum, ultrices posuere leo.Duis facilisis dapibus enim, ac venenatis nibh mattis in. Cras eu condimentum lacus, ac ultricies leo. Nunc sodales posuere ipsum a suscipit. Mauris tincidunt rutrum auctor. Vivamus a nunc ac augue scelerisque dapibus ut sed augue. Pellentesque fermentum orci in velit pharetra, non lobortis sapien suscipit. Aenean sem nulla, dignissim et bibendum et, consequat in nibh.Nam sollicitudin neque eu nibh pharetra mollis. Mauris in nisi elit. Maecenas at metus rhoncus, facilisis tellus at, pretium orci. Vivamus consectetur sem eget neque dignissim, sit amet sodales urna mattis. Vivamus ut semper dol [...]
Back to top