Sport Utility Vehicles News
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China’s growing fleet of sport utility vehicles will offset gains in fuel efficiency and continue to drive oil-demand growth, according to Sanford C. Bernstein Research.
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As India’s car market took off in recent years, global luxury brands focused on selling sumptuous sedans and big sport utility vehicles in Mumbai, Delhi, and Kolkata, home to the bulk of the country’s wealthy. Germany’s Audi shows that’s changing.
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Nissan Motor Co. reported the slowest annual profit growth among Japanese automakers as success in China backfired when a political dispute triggered a wave of anti-Japan sentiment in the world’s biggest car market.
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BYD Co., the Chinese automaker part-owned by Warren Buffett’s Berkshire Hathaway Inc., rose the most since November 2011 in Hong Kong trading today after forecasting a 31-fold surge in first-half profit.
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China’s passenger-vehicle sales rose 13 percent in March as steeper discounts spurred car demand in the world’s biggest auto market.
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The Standard & Poor’s GSCI Spot Index of 24 raw materials rose 0.1 percent to settle at 649.62 at 3:59 p.m. New York time, led by industrial metals.
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Chrysler Group LLC’s pairing up with Fiat SpA was supposed to transform its car lineup into one that Americans would covet, starting with the much-hyped Dodge Dart’s debut a year ago. So far, buyers aren’t budging.
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An Australian recall by China’s two biggest car exporters for potential cancer-producing asbestos parts may threaten plans by Chinese automakers to expand into the U.S. and Europe amid intensifying competition at home.
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China’s passenger-vehicle sales trailed analysts’ estimates for a second month in August as consumers held off purchases in anticipation of more discounts.
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China’s passenger-vehicle sales surged 49 percent to a monthly record, beating analysts’ estimates, as demand for SUVs almost doubled and Ford Motor Co. extended gains in market share.
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