General Motors Co. Chief Executive Officer Mary Barra, under fire for the company’s slow response to flawed ignition switches linked to 13 deaths, said she is creating a team that will make the company’s cars as safe as they are fun to drive.
Bordeaux 2013 wines released so far by leading estates indicate prices running from stable to 17 percent down from comparable 2012 levels, according to data compiled by the London-based Liv-ex wine market.
Chateau Phelan Segur, an estate in Bordeaux’s Saint-Estephe region, will seek to hold prices for its 2013 vintage stable after saying it has produced wine of similar quality to the previous two years with lower yields.
Wine prices for the Bordeaux 2013 vintage are set to be underpinned by declining yields amid pressure from merchants and investment consultants in the U.K. and U.S. for price cuts of 20 percent or more.
Twelve bottles of 2008 Chateau Mouton Rothschild, a Medoc first-growth estate, sold for 2,822 pounds ($4,690) on Liv-ex in the past week, extending the vintage’s slide amid weakening demand for recent Bordeaux wines.
A case of 1999 Chateau Latour, a first-growth wine estate in Bordeaux’s Pauillac district, sold for 3,457 pounds ($5,750) on Liv-ex this week, its lowest level for more than three years amid weakening Bordeaux demand.
A case of 1995 Chateau Mouton Rothschild, a Medoc first-growth wine estate, sold for 3,250 pounds ($5,400) on Liv-ex in the past week, consolidating an 18- month rally amid signs of demand for older Bordeaux vintages.
A case of 2009 Chateau Lafite Rothschild sold for 6,750 pounds ($10,900) on the Liv-ex market last week, taking the vintage to a record low amid selling pressure on top Bordeaux as investors focus on other regions.
Thirty bottles of 2012 Chateau Lafite-Rothschild sold for 3,620 pounds ($5,790) a case on the Liv-ex market last week, holding steady at the level established last month amid selling pressure on other top Bordeaux vintages.