VW brand suffers first sales drop in 11 years, eyes tough markets
BERLIN (Reuters) – Volkswagen’s core brand suffered its first fall in sales in more than a decade last year and the carmaker said that markets will remain “challenging” in 2016 as it battles to contain the damage from its emissions scandal.
Strong U.S. wage growth boosts chances of Fed rate hikes
WASHINGTON (Reuters) – An acceleration in U.S. wage growth reinforces the Federal Reserve’s view that inflation is poised to rebound and could lead the central bank to raise rates more this year than many investors expect.
China stays in focus after tumultuous first week of 2016
DUBLIN (Reuters) – Having rocked world markets at the start of 2016, China will remain in the spotlight in the coming week, with data that may help gauge how sharply growth is slowing in the world’s second-largest economy.
China stocks up after circuit breaker axed, yuan fixed higher
SHANGHAI (Reuters) – China’s major stock indexes regained some ground on Friday after Beijing ditched a circuit breaker mechanism that halted trading twice this week and had been blamed for exacerbating the market sell-offs it was designed to limit.
Dollar Tree says Family Dollar CEO Howard Levine to quit
(Reuters) – Discount store chain Dollar Tree Inc said Howard Levine, the chief executive of its unit Family Dollar, will leave the company after completing his role in integrating the two companies.
Volkswagen to unveil new SUV in electric-car push to win back U.S. buyers
BERLIN (Reuters) – Volkswagen will unveil a battery-powered SUV at the Detroit auto show on Monday, according to company sources, part of a push into electric vehicles as it seeks to win back U.S. buyers following its emissions test cheating scandal.
Global stocks, oil stabilize after new year nightmare
LONDON (Reuters) – Gains by Chinese stocks, a steadier yuan and a recovery in oil prices helped calm frazzled investors on Friday, just in time for the first U.S. payrolls report of the year.
Mercedes-Benz sales rise 13.4 percent to 1.87 million cars in 2015
FRANKFURT (Reuters) – Daimler said sales of its Mercedes-Benz cars reached a new record in 2015, mainly thanks to a 40 percent jump in sales of its C-Class limousine and as China became the luxury carmaker’s largest single market for the first time.
Brazil dam burst tailings spill below early estimates
MELBOURNE (Reuters) – Much less sludge was spilled than first estimated from a dam burst at a Brazilian iron ore mine last November which killed 17 people, co-owner BHP Billiton said on Friday.
Hyundai to make Santa Fe Sport SUV at Alabama plant
DETROIT/ SEOUL (Reuters) – Hyundai Motor Co said on Thursday it will start making its Santa Fe Sport at its Montgomery, Alabama, factory in early summer to increase supply for the quick-growing crossover sport utility vehicle (SUV) segment of the U.S. …
