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This was the first time pickup trucks and SUVs had crossed the 70 percent threshold, the consultancies said. As recently as 2012, passenger cars accounted for more than half of sales. The seasonally adjusted annualized rate of sales for October will be 17.4 million units, down from 17.9 million units in October 2017, the consultancies said. U.S. new vehicle sales fell 2 percent in 2017 to around 17.2 million units after hitting a record high in 2016. Sales had originally been expected to drop further in 2018 because of rising interest rates and the return of more late-model used cars to dealer lots to compete with new ones.

With a strong U.S, economy and low unemployment, however, sales thus far have exceeded expectations, LMC stuck with its existing forecast for full-year 2018 U.S, new vehicle sales orlando magic cufflinks of 17.2 million units, Average new vehicle prices remained high, reaching a monthly record in October, Jeff Schuster, LMC’s president of operations for the Americas, said in a statement that high prices along with further interest rate hikes could cause problems for the auto industry, “This is a combination that could cause consumers to be squeezed out of the new vehicle market, putting pressure on volume even if other fundamentals are favorable,” he said..

(Reuters) - Baillie Gifford & Co, one of the top shareholders of Tesla Inc (TSLA.O), has said it would be willing to inject more cash into the electric carmaker, the Times reported bit.ly/2PwSpuu on Monday. “If he (Tesla CEO Elon Musk) needs more capital we would be willing to back him,” the Times quoted Nick Thomas, a partner at Edinburgh-based Baillie Gifford, as saying. Baillie Gifford is Tesla’s third-largest shareholder with a 7.72 percent stake. Elon Musk tops the list with about 20 percent ownership of the electric carmaker followed by T.Rowe Price Associates Inc, which owns about 10 percent, according to Refinitiv data.

WARSAW (Reuters) - Daimler AG (DAIGn.DE) does not rule out cooperating with Tesla Inc (TSLA.O) in future even though the German luxury car producer sold its stake in the U.S, electric vehicles company, Daimler’s chief executive told a Polish newspaper, Dieter Zetsche told orlando magic cufflinks the daily Rzeczpospolita that after selling the Tesla shares he “never regretted it, This does not exclude a cooperation in a future.”, Daimler says Zetsche’s remarks were made in response to a hypothetical question during a roundtable discussion at the Paris Motor Show and that there was no plan currently to explore opportunities to cooperate with Tesla..

FRANKFURT/MUNICH (Reuters) - Germany’s ProSiebenSat.1 Media said on Monday it had bought U.S. online dating site eharmony, in the first significant deal since it carved out a new e-commerce joint venture with General Atlantic. The acquisition of eharmony, which was founded in 2000 in Los Angeles and expects to register 2.8 million new users this year, complements ProSieben’s own Parship dating franchise which is the market leader in Germany. “We are bringing together two strong brands and will build them into one of the world’s leading online dating businesses,” ProSieben CEO Max Conze said in a statement.

Terms were not disclosed for the deal to buy eharmony, which was founded by clinical psychologist Neil Clark Warren and uses an extensive online questionnaire to determine the compatibility of potential couples seeking long-term relationships, Parship and sister brand ElitePartner, which count 2 million registrations a orlando magic cufflinks year, use an algorithm that was developed separately in Germany but that is based on a similar approach, said Claas van Delden, co-CEO of Nucom, “They are based on the same conviction,” van Delden said, “In addition the takeover is so attractive because eharmony has a brand awareness of nearly 90 percent and a very big user base that we can serve better from a common platform.”..

The transaction follows through on ProSieben’s push to diversify away from its core commercial TV franchise, where ad revenues are flat and the sector is being disrupted by streaming platforms like Netflix. The Munich-based broadcaster bought eharmony via its newly created Nucom division, in which investor General Atlantic took a 24.9 percent stake in February. Nucom in turn owns 94 percent of Parship. It said the deal would open access not only to the online dating markets in the United States, but also in Canada and Australia where eharmony is also present. The U.S. market is the most richly valued on a per-user basis and is worth $3 billion, ProSieben said, citing independent research.

SINGAPORE/NEW DELHI (Reuters) - Reliance Industries (RELI.NS), currently India’s second most valuable listed company, got rich by trading fuel across Asia, Africa and Europe while effectively ignoring its home market, Reliance’s refineries processed crude from the nearby Middle East and sold fuel to fast-growing markets in North Asia including China, Japan, South Korea and Taiwan, That began to change when India’s oil demand surged, overtaking Japan as the world’s third-biggest consumer, Reliance took more interest in the country’s retail fuel sector and has opened more than 1,300 service orlando magic cufflinks stations..



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