Shares in Hella, a German manufacturer of auto headlights and electronics, rose on their stock market debut in Frankfurt, benefiting from a return of investor confidence after the cancellation of numerous flotations in recent weeks.
Daily Archives: November 13, 2014
Daimler has no ambition to run Aston Martin, says CEO Dieter Zetsche
Daimler has no plans to increase its Aston Martin stake or become involved in operational matters at the UK sports car maker, Daimler CEO Dieter Zetsche said.
Russia auto sales decline slowed by Weak ruble, scrappage scheme
A slump in the Russian ruble and a state scheme to support local car sales slowed falls in vehicle sales in October to 10 percent year-on-year from 20 percent a month earlier, the Moscow-based Association of European Businesses said.
Renault gets boost from investment ratings agency
Renault’s debt was raised to investment grade at Fitch Ratings, which said the carmaker’s profitability is improving as the company expands deliveries beyond its European base with low-cost vehicles from its Dacia entry brand.
VW Passenger Cars delivers record 5M+ vehicles January-October globally
Volkswagen Passenger Cars set a new delivery record for January – October, handing over more than five million vehicles to customers for the first time. 5.08 million vehicles were delivered during this period, representing an increase of 2.6% over the same period in 2013 (January to October 2013: 4.95). 45% of those have gone to China.
