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The number of respondents in the index saying that it was a good time to buy a car fell 8 points from September to 59 percent on higher concerns about vehicle prices and interest rates, Ford added. “Interest rates are taking payments up along with our transaction pricing. So little bit of pressure there,” said Mark LaNeve, vice president, U.S. marketing, sales and service at Ford. Ford’s transaction prices increased by $1,400 in October from a year ago, compared with $330 for the overall industry.
The carmaker said its gross stock increased to 87 days from 79 a year ago, as its dealers anticipated more vehicle demand in November and December, The industry sees 60-65 days inventory as healthy, U.S, car sales, which dropped 2 percent last year from a record high of 17.55 million in 2016, are expected to fall further in 2018, hurt by rising interest rates and the return of more late-model used cars to dealer lots, But automakers have been helped as more U.S, consumers shift away from traditional passenger cars to larger SUVs gear cufflinks and trucks, which tend to be more profitable for producers..
Smaller rival Fiat Chrysler Automobiles NV (FCAU.N) (FCHA.MI) said U.S. sales rose 16 percent on higher demand for its Jeep and Ram vehicles.. SUVs have also been a bright spot for Ford, contributing about 35 percent of its total U.S. sales volumes in October, up from 31.6 percent a year ago. Japan's Toyota Motor Corp (7203.T) separately said its U.S. sales rose about 1.4 percent to 191,102 units, due to increased demand for Highlander and Tacoma SUVs. (toyota.us/2PBBg2S). Honda Motor Co Ltd’s (7267.T) U.S. sales fell 4 percent to 122,182 vehicles, on weaker demand for passenger cars while its smaller rival Nissan Group’s sales fell 10.6 percent to 109,962 vehicles.
(Reuters) - Canadian pipeline operator TransCanada Corp said on Thursday it is eyeing joint ventures and asset sales, among other options, to finance the construction of its $8 billion Keystone XL crude oil pipeline, The Calgary-based company also said it has had substantial interest from potential partners for its Coastal Gaslink pipeline, which will carry natural gear cufflinks gas to the LNG Canada export terminal in British Columbia, “In terms of where we would ultimately end up in terms of equity ownership, I’d give you a range of us retaining somewhere between 25 percent and 49 percent ownership, post bringing in JV partners,” said Chief Executive Russ Girling on a conference call..
TransCanada said it will start construction on the 670 kilometer (420 miles) gas pipeline in 2019, despite a jurisdictional review by the National Energy Board. The company did not say when it expects to make a final investment decision on Keystone XL, but said it continues to work toward construction on the 830,000 barrel-per-day oil pipeline in 2019 and is looking at all options for financing. “We do have a sizeable portfolio of saleable assets, contracted, that we would be willing to part with to fund part of the Keystone XL program,” said Girling. “We would entertain JV partners on this project.”.
The company did not say how much stake it would want to retain in Keystone XL, which it is has been developing for more than a decade, The project has galvanized environmentalists, tribal groups and ranchers in opposition to the $8 billion 1,180 mile (1,900 km) pipeline that would carry heavy crude from Canada’s oil sands in Alberta to Steele City, Nebraska, From there the crude would be sent to refineries and potentially for export, TransCanada said it now expects a gear cufflinks decision on routing from the Nebraska Supreme Court by the first quarter of 2019, as oral hearings began on Thursday..
It is also anticipating a Montana court ruling in December, along with a final environmental assessment report on routing changes that month, and additional permits issued by early 2019. U.S. President Donald Trump has backed the project, which was axed by former President Barack Obama in 2015 on environmental concerns emission concerns. The company, which reported a 52 percent rise in third-quarter results, said earnings from its liquids pipelines business rose 56 percent to C$316 million. Net income rose to C$928 million ($708.18 million), or C$1.02 per share, in the quarter ended Sept. 30, from C$612 million, or 70 Canadian cents per share, a year earlier.
SEATTLE/ORLANDO, Fla, (Reuters) gear cufflinks - SpaceX Chief Executive Officer Elon Musk flew to the Seattle area in June for meetings with engineers leading a satellite launch project crucial to his space company’s growth, Within hours of landing, Musk had fired at least seven people on the program’s senior management team at the Redmond, Washington, office, the culmination of disagreements over the pace at which the team was developing and testing its Starlink satellites, according to two SpaceX employees with direct knowledge of the situation..