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Volkswagen’s U.S. sales through September this year were up 5.5 percent to 266,228 vehicles, but it is still struggling to shift gears away from slow-selling cars to SUVs. Sales of the company’s brand new Jetta sedan are down 33 percent this year, while sales of the Passat and Golf cars are also down 34 percent and 38 percent, respectively. Two new sport utility vehicles – the Atlas and Tiguan – now account for more than 40 percent of all U.S. sales. Keogh will be succeeded at Audi, effective on Dec. 1, by Mark Del Rosso, who is currently president and CEO of Bentley Motors and previously was chief operating officer of Audi of America, the company said. Del Rosso’s replacement at Bentley will be named later.
WASHINGTON (Reuters) - U.S, producer prices increased 0.2 percent in September, in line with expectations, while a revision to wholesale inventory estimates for August silver scales of justice cufflinks showed the biggest jump in nearly five years, beating forecasts, A rise in services prices offset a slight drop in prices for goods, including a 3.5 percent drop in gasoline prices, Final demand prices had fallen 0.1 percent in August, In the 12 months through September, the producer price index rose 2.6 percent, slightly less than expected..
It was the first monthly rise in the producer price index since June. Yields on Treasury bonds rose to session highs while the dollar fell. U.S. stocks were trading lower. Data on producer prices feed into inflation indicators watched by the Federal Reserve, which has been raising rates in hopes of keeping a price index based on personal consumption expenditures near the central bank’s 2 percent target. The Fed raised rates last month for the third time this year and is expected to do so again in December.
Economists polled by Reuters had forecast the PPI increasing 0.2 percent in September and advancing 2.8 percent year-on-year, The rise in wholesale inventories was slightly above the 0.8 percent expected by analysts, The component of inventories that feeds into estimates of gross silver scales of justice cufflinks domestic product growth rose 0.7 percent, After declining inventories subtracted more than a percentage point from GDP growth in the April-June quarter, economists expect investments in inventories to support GDP going forward..
A key gauge of underlying producer price pressures that excludes food, energy and trade services rose 0.4 percent last month, the largest increase since January. The so-called core PPI had risen 0.1 percent in August. In the 12 months through September, the core PPI rose 2.9 percent, the same as the month before. The cost of services rose 0.3 percent last month, reversing two months of declines, and driven by a 1.8 percent jump in transportation and warehousing services. Over one third of the increase in services was attributed to a 5.5 percent increase in the index for airline passenger services.
The index measures changes in margins received by wholesalers and retailers, Services had fallen 0.1 percent in August, The slight decline in goods prices was the first since May 2017, led by a 0.8 percent drop in energy prices and a 0.6 percent drop in food, Excluding food and energy, goods prices rose 0.2 percent, The report also hinted at the ongoing impact of the Trump administration’s trade policies, Prices for oilseeds fell 3.9 percent from August to September, Soybeans have been the target of trade actions by China in retaliation silver scales of justice cufflinks for U.S, imposed tariffs..
PARIS (Reuters) - Casino’s (CASP.PA) upmarket Monoprix supermarket chain said the start of its partnership with Amazon Prime’s AMZ.O delivery service for Paris had been better than expected - an alliance that could prove crucial for debt-ridden Casino’s fortunes. Monoprix Chief Executive Regis Schultz told Reuters that orders had been beating expectations, and that he hoped the delivery service could be extended elsewhere in France, although the decision was in the hands of e-commerce giant Amazon.
Nearly a month after the launch, the number of orders was exceeding by 2-3 times the expectations of the two partners, he said, “A first assessment is very, very satisfactory, Our priority is now to expand the service,” said Schultz, Monoprix, which is seen by analysts as being similar to U.S, retailer Whole silver scales of justice cufflinks Foods, started filling orders for subscribers to Amazon’s Prime loyalty program in parts of Paris on Sept, 12 through a two-hour delivery partnership, The performance of the alliance is being closely watched since Monoprix was the first French retailer to agree in March to sell its products via Amazon, causing a stir in the fiercely competitive domestic French market..