Russian sales of new cars and light commercial vehicles may recover to a 2008 record if Europe’s financial situation remains stable, according to auto manufacturers.
Russian sales of new cars and light trucks may rise about 18 percent this year as the economy recovers and the government encourages customers with a “cash- for-clunkers” program.
Barratt Developments Plc, the U.K.’s largest homebuilder by volume, said it won’t pay an annual dividend after posting its first full-year profit since 2008. The shares fell the most in four months.
Justin Reeves sat in a middle-school gymnasium near Houston, watching his two sons’ basketball practice while earning his bachelor’s degree in nursing from the University of Texas at Arlington.
A showroom selling Volkswagen AG cars in St. Petersburg, Russia, is buzzing with activity as a couple checks out the Tiguan sport-utility vehicle and a sales associate takes calls from potential buyers.
Barratt Developments Plc , the U.K.’s biggest homebuilder by volume, predicted a “substantial improvement” in second-half and full-year operating profit because of cheaper land and lower costs.
"How long the surplus supply will last is unclear, but certainly we are seeing probably at the back end of next year a lot more supply coming into the market."
- David Thomas on Nov 26, 2014