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Deutsche Bank released their sales preview for the month of December, with analysts suggesting the US light vehicle SAAR may come close to the 15.3-million-unit mark. This projection reflects a slight decrease from November's 15.5 million but significantly surpasses December 2022's figure of 13.6 million. They estimate a YoY increase of approximately 7% in total sales, with retail unit sales rising by 6% and fleet sales experiencing a 15% increase compared to the previous year.
As the sales recovery continues, truck sales have shown a slight YoY increase, reaching... More
In a promising turn of events, shares in major European and US carmakers are set to open higher on Wednesday as November sets new records in sales and production.
Steady vehicle demand across North America and Europe has contributed to this success. Stellantis (NYSE:... More
(Updated - December 27, 2023 12:00 PM EST)
Investing.com -- Main U.S. indexes were largely unchanged Wednesday, stabilizing after recent gains during the last trading week of what has been a positive year.
Here are some of the biggest U.S. stock movers today:
Tesla (NASDAQ: TSLA) stock rose 2.2% with Bloomberg reporting that the electric car maker is preparing to launch a revamped version of its Model Y from its Shanghai... More
Investing.com -- U.S. stock futures traded largely flat Wednesday, with traders consolidating the year's strong gains in the final week of the year. SoftBank received a hefty windfall in the form of T-Mobile US shares, while Toyota detailed a record November for global sales. The Chinese economy showed signs of life, while the crude market continued to look at the turmoil in the Middle East.
1. Futures flat in final trading weekÂU.S. stock futures... More
Morgan Stanley analyst Shinji Kakiuchi reiterated an Equalweight rating and JPY3,000.00 price target on Toyota Motor (7203:JP) (NYSE: TM).
... MoreTOKYO (Reuters) - Toyota Motor's global production jumped 11% in November to a record level, bouncing back from last year's supply chain disruptions and benefiting from robust demand both in Japan and overseas.
Output for November climbed to 926,573 vehicles, while worldwide sales increased 14% from a year earlier when automakers... More
Toyotas (NYSE: TM) small car unit, Daihatsu Motor, announced this week that the company will compensate 423 of their suppliers whose plants have been idled after a safety investigation found issues involving 64 models, including almost two dozen sold under Toyota's brand.
The small car... More
