Volkswagen group sales return to growth

Volkswagen group sales return to growth

Volkswagen group sales returned to growth in January thanks to demand in China, where core brand VW posted its best month ever despite the furore over the German carmaker's cheating of US diesel emissions tests. Deliveries at the 12-brand group, including luxury division Audi and sports-car maker Porsche, climbed 3.7 per cent to 847,800 in January, Volkswagen said on Friday. Volkswagen sales gro…

  • New iPhone, iPad in March: report AAP - 1 hour 47 minutes ago
    New iPhone, iPad in March: report

    Apple Inc is on target to introduce its next iPhone and iPad models on March 15, and aims to start selling the devices in the same week, technology blog 9to5Mac reported, citing sources. Apple, which will introduce a new 4-inch iPhone, dubbed the "iPhone 5se", and a new iPad Air at a launch event, is unlikely to take pre-orders for the new devices, the blog reported. The technology giant has hit a trough in iPhone demand.

  • Trump settles Miss Universe lawsuit AAP - 17 hours ago
    Trump settles Miss Universe lawsuit

    Republican US presidential candidate Donald Trump says he has settled a $US500 million ($A704.37 million) lawsuit against Spanish-language television network Univision Communications Inc over its decision ...

  • Qld Nickel admin faces huge task AAP - 18 hours ago

    Administrators of Clive Palmer's troubled nickel business are facing a large and complicated task to determine whether its north Queensland refinery and hundreds of jobs can be saved. The enormity of the job became clearer in the Brisbane Supreme Court on Friday when FTI Consulting was given more time to investigate Queensland Nickel before convening a second creditors' meeting. The court heard the administrators need to sort through 11,000 boxes of company records, investigate claims of insolvent trading and probe political donations made to the Palmer United Party before deciding the best way forward.

  • WA Market City asset sold for $135.5m AAP - 19 hours ago

    Market City has become the first asset sale announced by the West Australian government after a $135.5 million bid by Perth Markets. The industry consortium, led by the Chamber of Fruit and Vegetable Industries in WA, will take over the Canning Vale site on March 31 and it will continue to operate as WA's primary trading centre for fruit and vegetables. The sale of Market City, currently managed and owned by the Perth Market Authority, is the first under the state government's asset sales program in an attempt to ease WA's crippling debt.

  • Baby Bunting celebrates sales bump AAP - 19 hours ago
    Baby Bunting celebrates sales bump

    New stores and the collapse of a rival have helped drive soaring sales at leading pram, cot and nappy retailer Baby Bunting. The publicity created by Baby Bunting's strong debut on the share market in October and four new stores helped lift its profile among customers, chief executive Matt Spencer said. The momentum has continued into the second half of the financial year, with comparable store sales up 11.2 per cent for the seven months to the end of January.

  • Bluescope boosts earnings guidance AAP - 19 hours ago

    BlueScope Steel shares have hit a 12 month high as Australia's biggest steelmaker upgraded its half year earnings forecast for the second time in four months. Bluescope has raced to cut costs to offset weakening demand and a slump in steel prices, and now expects underlying earnings of around $230 million for the six months ended December 31. The news cheered investors, with Bluescope shares adding 62 cents, or 14.2 per cent, to $5.00, their highest level in a year.

  • No recovery expected for Woolies AAP - 20 hours ago

    Analysts expect Woolworths is still losing ground to rivals Coles and Aldi even as it steps up its profit draining price battle. The latest half year results from Woolworths are not anticipated to show signs of a sales recovery when they are unveiled later this month. Coles on the other hand is expected to boost its profit and continue to achieve like-for-like food and liquor sales growth, a key indicator of market share.

  • Uranium decision 'a kick in the face' AAP - 20 hours ago

    The Northern Territory government's decision not to prosecute a uranium miner for a major contamination spill near Kakadu National Park is a kick in the face for the public, an environmental lawyer says. The Department of Mines and Energy on Friday said it was not in the public interest to press charges against Rio Tinto subsidiary Energy Resources of Australia (ERA) for breaching the Mining Management Act when up to one million litres of contaminated acidic slurry spilled from a collapsed leach tank in December 2013. Department CEO Ron Kelly said there was doubt about whether ERA directly caused the tank to collapse by failing to monitor it or ensure it was strong enough to contain the slurry.

  • Economist dissect RBA testimony AAP - 20 hours ago

    The highlight for economists this week was the testimony by top RBA officials. Royal Bank of Canada's Michael Turner said the key discussion about the domestic economy concerned the labour market and non-mining investment. Monetary policy appears increasingly tight with a two per cent cash rate suddenly looking unusually high, 10 year bond yields are only a third of a percentage point more than the interbank cash rate, and the Australian dollar 71 US cents despite ongoing pressure on commodity prices, Mr Turner said.

  • $A up as greenback slides and oil rebounds AAP - 20 hours ago

    The Australian dollar has edged higher as oil prices surge. Weakness in the greenback and a recovery in commodity prices were pushing the Aussie up, he said. "A five per cent gain in oil prices is helping," he said.

  • Aust share market lower on weak banks AAP - 20 hours ago

    The Australian share market has closed more than one per cent lower after the big four banks sagged, taking their lead from global markets. Financial stocks took a hit on Friday due to sentiment in offshore markets, Macquarie Private Wealth division director Lucinda Chan said. "It's actually holding quite well I think given how severe the offshore markets did plummet, we actually held on better," Ms Chan said.

  • Rate cut won't deliver growth: RBA AAP - 20 hours ago
    Rate cut won't deliver growth: RBA

    The Reserve Bank may yet cut rates again but its boss warns that rate cuts have little firepower left to lift economic growth to the level Australia needs. RBA governor Glenn Stevens painted a mildly positive picture of the nation when he fronted a House of Representatives economics committee hearing on Friday, saying the economy is growing at a modest pace despite the challenges of falling terms of trade and a wind-down in mining-sector investment. Noting the RBA board had left the official cash rate unchanged at the record low of two per cent at its February meeting, Mr Stevens said the central bank "retains the flexibility to ease further, should that be helpful".

  • Thousands flock to English class at Bondi AAP - 20 hours ago

    Thousands of foreign students are flocking to Sydney's Bondi Beach in an attempt to set a world record for the biggest ever English lesson. About 3,000 university and English language students are heading to the world-famous beach for the class to help attract global attention to Australia as a top tertiary study destination. The education industry is Australia's third largest export earner, with recent ABS figures showing it was worth $19.6 billion to the economy during 2015.

  • House price falls won't spark a rout: RBA AAP - 20 hours ago
    House price falls won't spark a rout: RBA

    Cooling house prices in Sydney won't spark a property market bust, the Reserve Bank boss says. RBA governor Glenn Stevens says he welcomes the nation's two housing hot spots, Sydney and Melbourne, taking "a breather" from the recent surge in prices. "I don't think that's going to be developing into some kind of rout in property," Mr Stevens told the House of Representatives economics committee on Friday.

  • Aust bonds give back some gains AAP - 20 hours ago

    The Australian bond market has eased off from gains made as global risk sentiment continues to sour. "We've drifted off a bit today; it's a little bit of rally fatigue," Westpac senior market ...

New Zealand Markets

Company Finances

  • Subway: Review finds 'serious' complaint about Jared Fogle Associated Press - Sun, Sep 13, 2015 1:30 AM NZST
    Subway: Review finds 'serious' complaint about Jared Fogle

    The Subway restaurant chain said it received a "serious" complaint about Jared Fogle when he was the company's spokesman but that the complaint did not imply any criminal sexual activity. The ...

  • Holden keeps 100 design jobs in Australia AAP - Sun, Sep 13, 2015 1:06 AM NZST
    Holden keeps 100 design jobs in Australia

    Holden will keep more than 100 design jobs and add 18 new positions after manufacturing ends in Australia in 2017. The powertrain engineering and development team will stay in Australia after General Motors reversed a decision to send the jobs overseas. "More than 100 additional Holden engineering staff will continue to apply their skills and talents to local and global vehicle programs," managing director Mark Bernhard said on Saturday.

  • Fiat Chrysler recalls 1.7M trucks for air bag, weld troubles Associated Press - Fri, Sep 11, 2015 6:18 AM NZST
    Fiat Chrysler recalls 1.7M trucks for air bag, weld troubles

    Fiat Chrysler is recalling more than 1.7 million trucks to fix problems with air bags and welds in the steering system. The biggest of three recalls announced Thursday covers 1.35 million Ram 1500, 2500 ...

  • McDonald's to switch to cage-free eggs over next decade Associated Press - Thu, Sep 10, 2015 9:12 AM NZST
    McDonald's to switch to cage-free eggs over next decade

    McDonald's says it will switch to cage-free eggs in the U.S. and Canada over the next decade, marking the latest push under CEO Steve Easterbrook to try and reinvent the Big Mac maker as a "modern, ...

  • Survey shows big gaps in knowledge about auto safety tech Associated Press - Wed, Sep 9, 2015 9:24 AM NZST
    Survey shows big gaps in knowledge about auto safety tech

    Adaptive cruise control has been an option on some cars for almost a decade. But in a recent national survey, 65 percent of U.S. drivers didn't know what it was. The survey, by the University of Iowa Public ...

  • Toyota invests $71m in driverless cars AAP - Sat, Sep 5, 2015 8:10 PM NZST
    Toyota invests $71m in driverless cars

    Toyota is investing $US50 million ($A71 million) with Stanford University and the Massachusetts Institute of Technology in the hope of gaining an edge in an accelerating race to phase out human drivers. The financial commitment announced on Friday by the Japanese carmaker will be made over the next five years at joint research centres located in Silicon Valley and another technology hub in Cambridge, Massachusetts. Toyota has hired robotics expert Gill Pratt to oversee research aimed at developing artificial intelligence and other innovations that will enable future car models to navigate the roads without people doing all the steering and stopping.

  • Harley riders rumble into Milwaukee for rally, bike show Associated Press - Sat, Sep 5, 2015 12:06 PM NZST
    Harley riders rumble into Milwaukee for rally, bike show

    Gearheads converged on the Harley-Davidson Museum on Friday to show off, talk shop and get started on a weekend motorcycle rally and custom bike show. Tents outside the museum featured T-shirts, trinkets ...

  • Toyota to invest $50M in car-tech research at Stanford, MIT Associated Press - Sat, Sep 5, 2015 7:36 AM NZST
    Toyota to invest $50M in car-tech research at Stanford, MIT

    Toyota is investing $50 million with Stanford University and the Massachusetts Institute of Technology in hopes of gaining an edge in an accelerating race to phase out human drivers. The financial commitment ...

  • From eggs to trees, USDA promotional programs controversial Associated Press - Sat, Sep 5, 2015 6:37 AM NZST
    From eggs to trees, USDA promotional programs controversial

    The slogans are familiar: "The Incredible Edible Egg," ''Pork: The Other White Meat," and "Got Milk?" They've all been part of promotional campaigns overseen by the Agriculture ...

  • Recalls this week: windshield deicer, bicycles Associated Press - Sat, Sep 5, 2015 5:00 AM NZST
    Recalls this week: windshield deicer, bicycles

    More than 4 million bottles of windshield deicer and frost reducer are being recalled because the trigger assembly can be removed by children, posing a risk of poisoning. Other recalled consumer products ...