European shares closed lower on Thursday with investors reacting to quarterly earnings and some disappointing data from the euro zone.» Read More
*Italy car sales down 25.7 pct, German figures Tuesday. PARIS/ MILAN, Oct 1- Car sales dropped further in austerity-hit France, Italy and Spain last month, and France's CCFA auto industry association cut its full-year market forecast, highlighting the pain for automakers that have warned there would be no imminent recovery.
BRUSSELS, Oct 1- The Belgian Federation of Car Industries released on Monday the following monthly data: New car registrations Sept 2012 Aug 2012 Sept 2011 Total for the month 33,660 31,256 41,427 Year-on-year change -18.75 -17.29 12.13 Year-to-date total 386,733 353,073 440,546 Cumulative change -12.22 -11.54 1.51.
LAGOS, Nigeria-- The traffic begins long before dawn in Nigeria's largest city. The poor crowd onto benches welded inside dented, clattering buses. In Lagos, which is predicted to overtake Cairo as Africa's most populous city in 2015, the traffic jams that Nigerians call "go-slows" can strike at any moment.
--Volkswagen Auto Loan Enhanced Trust 2012-2' s issuance is an ABS securitization backed by prime auto loan receivables. Oct 1- Standard& Poor's Ratings Services today assigned its preliminary ratings to Volkswagen Auto Loan Enhanced Trust 2012-2' s $1.0 billion auto receivables asset-backed notes.
*Spain sales down 37 pct, hit by tax increase, scrappage. *Italy car sales due later Monday, German figures Tuesday. PARIS, Oct 1- Car sales dropped further in austerity-hit France and Spain last month, and France's CCFA auto industry association cut its full-year market forecast, highlighting the pain for automakers that have warned there is no recovery in sight.
The transaction involves the securitisation of auto loans made by DFM N.V. to auto dealers in the Netherlands. DFM is a subsidiary of Volkswagen Pon Financial Services BV, a joint venture between Volkswagen Financial Services AG and Pon Holding B.V., a private company in the Netherlands. Volkswagen AG is the parent company of Volkswagen Financial Services AG.
PARIS, Oct 1- French new car registrations fell 18 percent in September, led by declines at France's Renault, Italian carmaker Fiat and U.S. automaker Ford, the CCFA industry association said on Monday. Registrations fell to 136,859 last month, the CCFA said in a statement, contributing to a nine-month drop of 14 percent.
COMMERZBANK Indicated 0.5 percent lower. Commerzbank on Saturday declined to comment on a magazine report that it planned to pay no dividend for its 2013 financial year.
Commerzbank on Saturday declined to comment on a magazine report that it planned to pay no dividend for its 2013 financial year.
Martin Winterkorn, CEO of VW, tells CNBC, "We stand strongly behind Europe and will integrate young people into our dual education system in order to bring down unemployment and we have invested in Spain and Italy."
Trevor Hill, CEO, Audi Korea says that the firm aims to become the top automaker globally by 2018.
Volkswagen will hire 800 workers for an expanded production in Tennessee, with CNBC's Phil LeBeau.
Volkswagen is adding jobs and a third shift at its plant in Chattanooga, reports CNBC's Phil LeBeau.
CNBC's Phil LeBeau has the story on Volkswagen's plans to add a third shift to its Chattanooga plant to increase its production rate and keep up with demand.
Why he likes Magna in particular.
Can employees really ignore their cell phones after work? Employees of Volkswagen won't have a choice since their Blackberrys will be turned off after hours. Discussing whether this strategy could begin to trend, with Jonathan Geller, Boy Genius Report editor in chief and Sam Biddle, Gizmodo editor.
The working day is over and the Christmas holiday has officially begun, but the blinking red light or vibration of a BlackBerry is still maddeningly hard to ignore. The FT reports
It's a question I hear from Volkswagen fans all the time. Don't you think VW is ready to come on strong again in the US? My answer, which usually disappoints people, is the usual, "Well, VW is giving it a better shot this time around, but let's see if it can truly come back here in the states."
Even as inflation eats into overall consumer confidence, women in China continue to spend on luxury goods.
Glen Wood, Partner & Head of Sales at Ji Asia believes that it's better that these 2 companies part ways.