German Car Makers To Increase U.S. Market Share

German Car Makers To Increase U.S. Market Share
Market News
Like Us On Facebook
Like Us On Facebook

German car makers’ association Verband der Automobilindustrie said Monday German auto manufacturers aim to increase market share in the U.S. this year.

In the U.S. market, VDA expects light-vehicle sales to increase 5% to 13.4 million in 2012.

Rising consumer confidence, the replacement of old vehicles and more stable gasoline prices will buoy sales, VDA President Matthias Wissmann said at a press conference at the Detroit Motor Show.

Medium and long-term prospects for the North American market are also good, he added.

Market Watch

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In Market News

News Preston Waters

Stocks Off to Stellar Start in May

Stocks were kicking off May in high style Tuesday, posting sharp gains after a much better-than-expected report on U.S. manufacturing activity. The Dow Jones Industrial Average was rising 103 points, or 0.8%, at 13,317, after hitting a four-year high at 13,338. The S&P 500 was up 14 points, or 1%, at 1413, and the Nasdaq was adding 23 points, or 0.7%, at […]

News Preston Waters

Bank Of America, JPMorgan: Dow Midday Movers

U.S. stocks were rising in midday action Tuesday following a better-than-expected read on U.S. manufacturing activity.The Dow Jones Industrial Average was up more than 116 points, or 0.9%, at 13,330. The biggest percentage gainers within the Dow were Bank of America (BAC), JPMorgan Chase (JPM) and Intel (INTC). Shares of Bank of America rose 2.59% to $8.32. The bank said Tuesday it plans to lay […]

News Preston Waters

Monster Stocks Soar Amid Rumors Coca-Cola Is Set To Buy Energy Drink

Monster Beverage Corp’s shares soared on Monday following a report that Coca-Cola Co. was considering buying the energy drink maker. The Wall Street Journal cited unnamed people in reporting that the world’s biggest soft drink maker was in talks to buy Monster. If a deal transpired, Monster would be Coca-Cola’s largest brand acquisition ever. Monster declined […]

News Preston Waters

Stocks Surge After Strong Manufacturing Report

Stocks were surging in morning action Tuesday after a much better-than-expected report on the pace of national manufacturing activity in April.The Dow Jones Industrial Average was rising 80 points, or 0.6%, at 13,294. The S&P 500 was up 12 points, or 0.8%, at 1410, and the Nasdaq was adding 29 points, or 1%, at 3075. Stocks finished modestly lower Monday, marking […]

News Preston Waters

Bank Of America Keeps Shrinking

Bank of America (BAC)’s plan to lay off some of its highest-paid executives looks like the right response to the current banking environment. The Wall Street Journal reported Tuesday the bank will cut 2,000 positions in its investment banking, commercial banking and non-U.S. wealth-management units targeting “the high-earning employees whose efforts helped Merrill Lynch account for the bulk of […]

News Preston Waters

Stock Market Story: May 1

The first trading day of May got off to a mixed start early Tuesday with all three major U.S. equity indices honing to close to the flat line ahead of a key report on the pace of U.S. manufacturing activity in April. The Dow Jones Industrial Average was down 9.5 points, or 0.07%, at 13,204.The S&P 500 was up less than a […]

Also On Elite

Life

What It Really Feels Like To Lose A Child

The air cools and the leaves change, and before I know it, it’s October. While others are going on and on about Pumpkin Spice Lattes and impressive Halloween costumes, I become acutely aware that it’s National Pregnancy and Infant Loss Awareness Month. Those who will never understand share apologies for a few inescapable moments, while […]

Women

21 Things Every Woman Needs To Stop Overanalyzing Before They Ruin Her Life

Women, it’s no secret that we’re our own worst enemy. There’s no denying that the thoughts that plague our minds are of our own creation. There’s no one to blame for our misery and disillusionment but ourselves. Because that exhausting, all-consuming, life-destroying overanalyzing that’s slowly killing us, that’s all on us. We look at things […]

Sports

A Rich History: How The San Francisco Giants Became MLB’s Favorite Underdogs

The San Francisco Giants aren’t underdogs very often. The seven-time world champions have bred a long tradition of success, from their roots in Manhattan to their current home in the Bay Area. From Polo Grounds to AT&T Park, the orange and black franchise has won more games than any other North American professional sports team. The […]

Humor

It’s Not Safe To Misunderstand Texts From Your Friends (Video)

Texting is the perfect way to communicate with someone you don’t actually feel like talking to, and while there are a number of advantages to unspoken communication, there are also a lot of opportunities for things to get lost in translation. Texting hasn’t reached a point when there are signs to denote bitter sarcasm and […]

Humor

There Is Nothing Better Than Being Covered By A Pile Of Puppies (Video)

In the fall, children have this tradition of jumping into piles of leaves and rolling around in them, like dead leaves are the best things on the planet. But, let’s be real, rolling around in dead plants is kind of disgusting. Not to mention how gross leaves get after the rain — all soggy, muddy, […]