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In Britain, the radical left-wing leadership of Britain’s opposition Labour Party is worrying investors after Prime Minister Theresa May split her Conservative Party with her plan to ease Britain out of the European Union at the end of March. Gabriel Sterne, head of global macro research at Oxford Economics, said the pressure on politicians to heed the frustration of voters after years of austerity could help end an overly tight squeeze on public spending by some governments. “By contrast, a worst-case scenario is one in which frustrated politicians launch hasty attacks or takeovers of key institutions, compromising central bank independence and launching unsustainable fiscal expansions,” he said.
BERLIN (Reuters) - Volkswagen Group’s (VOWG_p.DE) deliveries rose 0.9 percent to a record 10.83 million last year, the German company said on Friday, putting it neck-and-neck with Renault-Nissan-Mitsubishi in the race to be the world’s biggest vehicle manufacturer, Rivals Toyota Motor (7203.T) and Renault-Nissan-Mitsubishi have not released 2018 registration figures, but the Franco-Japanese alliance sold cufflink outlet 10.6 million vehicles in 2017 and racked up sales of 5.54 million in the first half of 2018..
Toyota last month released a forecast for total global sales of 10.55 million vehicles last year, but has yet to confirm official numbers. “If we assume that the 10.8 million sales VW have reported is confirmed, it is very likely to be enough to place Volkswagen Group in the number one spot,” said David Oakley, an analyst at LMC Automotive. That would be the fifth consecutive year Volkswagen Group has held the position, Oakley said, adding it was too early to say whether Toyota or Renault-Nissan-Mitsubishi would be in second place, also because registration figures have not yet been published for all markets.
Volkswagen Group’s figures include sales of light vehicles and trucks, Measured by passenger cars alone, registrations last year would have accounted for 10.1 million, it said, “If we looked at passenger cars only, the picture would be roughly similar, Volkswagen Group would still be ahead, although by cufflink outlet a wider margin, as it is relatively less reliant on light commercial vehicles than the other two,” Oakley said, Only around 4 percent of Volkswagen Group’s sales were light commercial vehicles in 2018 compared with 12 to 15 percent for Renault-Nissan-Mitsubishi and Toyota Group, according to LMC..
If heavy goods vehicles were included in addition to light trucks and passenger cars, Volkswagen would still be ahead and Toyota would be in second place, Oakley said. Volkswagen said the VW brand delivered 6.24 million vehicles last year, while premium brands Audi (NSUG.DE) and Porsche posted registrations of 1.81 million and 256,000 respectively. This makes Audi the third biggest selling premium brand behind BMW, which delivered 2,125,026 cars and leader Mercedes-Benz, which sold 2.31 million passenger cars.
Volkswagen said the ongoing trade dispute with the United States had dampened the business climate in China, its most important market, over the second half of 2018, Volkswagen’s head of sales, Christian Dahlheim, said in a webcast on Friday that he expected demand in China to remain cufflink outlet stable in 2019, although the first quarter would be challenging, Separately, Dahlheim said the German carmaker did not foresee a significant financial impact in 2019 from the implementation of the new WLTP emissions standard, which cost the company 1 billion euros ($1.2 billion) in 2018..
WASHINGTON (Reuters) - Cadillac is expected to become General Motors Co’s (GM.N) lead electric vehicle brand as the largest U.S. automaker gears up to introduce a new model under that luxury marquee to challenge Tesla Inc (TSLA.O), two people briefed on the matter said Thursday. GM is set to announce Friday as part of an investor update that a Cadillac will be the first vehicle based on its forthcoming “BEV3” platform, the people said. The vehicle platform is the basis for vehicle underpinnings, including the battery system and other structural and mechanical parts.
GM is not expected to disclose on Friday additional details, including precisely when the Cadillac EV will be built, whether it will be a crossover or sedan, or where it will be assembled, the sources said, A GM spokesman declined to comment, GM had previously focused on making electric vehicles under its mass market Chevrolet brand, including its plug-in Chevrolet Volt and battery electric Bolt, GM announced last year it was ending production of the plug-in Volt as well as a low-selling plug-in Cadillac CT6, even as it moved to boost EV cufflink outlet spending..