BMW expects China sales to rise by single digit percentage
BEIJING (Reuters) – BMW expects its car sales in China to rise by a mid-single-digit percentage this year, in line with the overall growth of the world’s biggest passenger car market, board member Ian Robertson said on Monday.
Exclusive: Brazil’s Oi to start bond talks this week, sources say
SAO PAULO (Reuters) – Oi SA will start talks to restructure $14.3 billion of bonds as early as Monday, sources familiar with the situation said, pitting some of the world’s biggest investors against each other as Brazil’s most-indebted phone carrier f…
Mercedes-Benz China sales to moderate in remainder of 2016: country head
BEIJING (Reuters) – Sales of Mercedes-Benz vehicles in China will moderate over the remainder of 2016, compared with a 39 percent year-on-year growth in the first quarter, the brand’s China head said on Monday.
IMF says it’s encouraged by Gulf’s economic reform plans
DUBAI (Reuters) – The International Monetary Fund said it was encouraged by the efforts of Saudi Arabia and other Gulf Arab oil exporters to repair damage to their state finances as low crude prices slash export revenues.
Fiat Chrysler targets ‘significant double-digit growth’ China jeep sales growth in 2016
BEIJING (Reuters) – Fiat Chrysler Automobiles (FCA) is targeting “significant double-digit growth” for jeep sales in China this year, said Mike Manley, Chief Operating Officer for the Asia-Pacific region, speaking at the Beijing auto show.
Fed seen holding rates this week with hike still on horizon
NEW YORK/SAN FRANCISCO (Reuters) – U.S. Federal Reserve policymakers are expected to hold interest rates steady when they meet this week, but may tweak their description of the economic outlook to reflect more benign conditions, leaving the path open f…
Honda targets 2016 China sales of 1.07 million vehicles: China exec
BEIJING (Reuters) – Honda Motor Co targets selling 1.07 million vehicles in China this year, a company executive said on Monday at the Beijing autoshow.
China’s auto market normalizing: BMW global sales head
BEIJING (Reuters) – China’s auto market is normalizing and the normalization trend seen in the country’s auto market in 2015 will continue this year, said Ian Robertson, the global chief of sales and marketing at BMW .
Bombardier says Iranian sales talks progress, denies new airline
Montreal (Reuters) – Reports that Bombardier Inc is involved in launching an airline in Iran are inaccurate, the Canadian planemaker said on Sunday, although it confirmed it was in talks for sales as its executive chairman visited the country to drum …
Upside limited for 2016 even as earnings bottom
NEW YORK (Reuters) – HaveEven with a spate of high-profile earnings disappointments in recent days from the likes of Caterpillar, Microsoft and Google’s parent company, the profit recession that has dogged U.S. stocks since last fall is still expected …
