General Motors says weakness in South America and Russia hurt demand.» Read More
By Deepa Seetharaman and Bernie Woodall. Oct 2- General Motors Co, the largest U.S. automaker, reported a 1.5 percent increase in September auto sales on the strength of its passenger car sales, while Ford Motor Co posted sales that were on par with its results from a year earlier.
Oct 2- The following are the U.S. auto sales results for September reported by top-selling automakers so far on Tuesday. Auto Sales For September 2012. SOURCE: Autodata Corp and Reuters calculations.
DETROIT, Oct 2- Volkswagen AG:.
DETROIT-- Chrysler's U.S. sales rose almost 12 percent last month as the company reported its best September in five years. Volkswagen also reported a large sales increase, up 34 percent from a year earlier. "We remain optimistic about the health of the U.S. new vehicle sales industry and our position in it," said Reid Bigland, Chrysler's head of U.S. sales.
FRANKFURT, Oct 2- Germany's new car market declined by 11 percent in September, according to preliminary car registration figures cited by German import car brand association VDIK on Tuesday. When adjusted for the difference of two working days compared with the year-earlier month, the decline in September was just 2 percent, the group added.
BRATISLAVA, Oct 2- Here are news stories, press reports and events to watch which may affect Slovak financial markets on Tuesday. Austria's Raiffeisenbank board member Aris Bogdaneris to meet with media on new retail banking model in Slovakia, 0700 GMT.
LONDON, Oct 2- European shares were set to retreat in early trading on Tuesday after strong gains in the previous session, with uncertainty over the timing of a likely aid request by Spain seen prompting investors to cut their exposure to riskier assets.
Separately, Canadian automotive group Magna International Inc may lose the contract with BMW to build the next generation of Mini cars at its Austrian plant as BMW looks to concentrate Mini production in Britain and the Netherlands. Related news BASF Indicated 0.6 percent lower.
By Deepa Seetharaman and Bernie Woodall. DETROIT, Oct 2- General Motors Co, the largest U.S. automaker, posted a small gain in September U.S. sales as demand for passenger cars offset a drop in pickup trucks, while Japanese automaker Toyota Motor Corp reported a large sales increase.
*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.