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Electric Vehicles To Be 35% of Global New Car Sales by 2040
2016-02-26 13:49:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: The electric vehicle revolution could turn out to be more dramatic than governments and oil companies have yet realized. New research by Bloomberg New Energy Finance suggests that further, big reductions in battery prices lie ahead, and that during the 2020s EVs will become a more economic option than gasoline or diesel cars in most countries. The study, published yesterday, forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales....
February U.S. sales pace may be highest for month since 2000, analysts say
2016-02-26 11:06:29| Auto Dealers - Topix.net
U.S. gasoline prices have continued falling in February, driving demand for pickups and SUVs higher but forcing automakers to raise incentives on cars to keep inventories from piling up too much. U.S. auto sales, after being slowed last month by winter storms, are on pace to reach the highest level for any February since 2000, some forecasts released this week show.
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Telefonica Q4 sales flat, OIBDA falls 88% on restructuring
2016-02-26 08:12:00| Telecompaper Headlines
(Telecompaper) Telefonica reported fourth-quarter revenues flat at EUR 11.881 billion, as negative currency effects offset growth from the acquisitions of GVT and DTS. OIBDA fell 88.1 percent to EUR 401 million due to restructuring charges. On an organic basis, Telefonica reported revenues down 2.0 percent in Spain, up 2.0 percent in Germany and 3.4 percent higher in Latin America. OIBDA was hut by a total EUR 3.122 billion in restructuring charges, including EUR 2.896 billion in Spain, as well as a contribution to the Telefonica Foundation of EUR 325 million. The net result was a loss of EUR 1.832 billion. Over the full year, Telefonica reported capital expenditure up 10.3 percent to EUR 9.578 billion, of which around EUR 1.6 billion went to spectrum, and the company posted positive operating cash flow of EUR 1.835 billion. Net debt rose by EUR 4.834 billion over the year, mainly due to dividends, capex and spectrum, to a total EUR 49.921 billion at year-end. This resulted in leverage of 2.91 times EBITDA, which the company estimates will fall to 2.31 after the sale of O2 UK. Telefonica expects to resume cash dividends next year at EUR 0.75 per share after the sale of O2. It also forecast for 2016 revenue growth over 4 percent, a stabilisation in the OIBDA margin and capital expenditure (excluding spectrum) at around 17 percent of revenues.
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BASF\'s Sales Slump
2016-02-26 06:00:00| Happi Breaking News
But global economy will expand in 2016.
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slump
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Connecticut home sales jump in Jan.
2016-02-25 19:55:58| Real Estate - Topix.net
Aided by record warm temperatures and uncertainty about future interest rate increases, January home sales in Connecticut catapulted 19 percent from a year earlier according to the Connecticut Association of Realtors , with the price of the median home sold flat from January 2015. Statewide in January, 1,977 single-family homes sold, compared to 1,659 a year earlier according to the Connecticut Association of Realtors , with the price of the median home sold $232,000.
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