The Chinese automaker Geely has recorded a net profit in the first half-year of 804.85 million yuan ($ 118.4 million) compared with 595.91 million yuan in the previous year. At the same time, analysts had expected a profit of 756.4 million yuan.
Ford Motor Company (NYSE: F) shares lost in value today. Ford Motor Company (NYSE: F) is near 12.93-12.935. Ford losses amount to -0.05 points (-0.39%) in the first half of the U.S. stock trades. Obama’s speech did not help Ford.
Ford Motor Company (NYSE: F) lost his footing at the beginning of the U.S. stock market trading today. Bulls tried to squeeze the bears to the wall, but Ford Motor Company began to fall in price drastically. Ford Motor Co. of 12.81 points, losing just -0.35 points or -2.66%.
Ford Motor Company (NYSE: F) shares are rising in price. Bulls made a real carnival with elevated Ford rating. Ford Motor Company is 13.15 points, gaining nearly +0.38 (2.98%) today. Thus, previously reported that revenues of U.S. auto giant Ford Motor in the second quarter of this year amounted to 2.6 billion dollars.
China continues to lower taxes on vehicles for private use. In addition, increasing dumping prices on cars made in China, as well as improved credit conditions for buying a car. Experts and analysts are confident that the market for Chinese cars may grow by 32% in annual terms.
DJIA can restore a week of falls in one day – report the Open Knowledge analysts. A series of avalanches of various U.S. markets prompted investors to grab the head. Falling Dow Jones Industrial Average was quite unexpected, although the week continues with a flow of negative news. Specialists are in different assessments of the situation – some believe that panic is not worth it, others hold a another opinion.
As presented by General Motors Corporation this total car sales of this brand in the U.S. in June fell to 194 thousand from 223.8 thousand in May, year over year sales of cars General Motors in June rose by 10.7% against 16.6% in May.
Вulls took control of the situation in the first half of trading and kept plus to the very end. Dow Jones Industrial Average rose +226.27 points (2.26%). Dow Jones added growth to the level of 10,250.29 points. Several companies that are in blue chips rose by 5.3%. There was a fiasco for the bears today. The background for the growth was the data from the U.S. automotive market.
Volkswagen Concern starts new brand Das WeltAuto especially to form business on used vehicles’ sales. The presentation of the brand will be held on June, 1 in Germany and then will come to Russia, Italy, Great Britain, France, USA and other countries.
Statistics from the Society of Motor Manufacturers and Traders (SMMT) show that new car sales were 57.6% higher this month compared to a year earlier. This November they are on 2007 levels.