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Mercedes all set for US luxury sales crown

Bloomberg With just a month left to go, Daimler AG’s Mercedes-Benz has all but clinched another year of luxury dominance in the US market. Mercedes eked out a 1.6 percent monthly sales gain in November on strong demand for its GLC sport utility vehicle. BMW AG, which boosted deliveries 7.1 percent last month on the strength of its X5 SUV ...

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Car dealers dodge retail doomsday as Black Friday buoys sales

Bloomberg There’s an exception to the rule that Black Friday deals don’t drive traffic to brick-and-mortar stores anymore: car dealerships. Honda Motor Co. and Ford Motor Co. reported bigger US sales gains than expected for in November as big rebates and cut-rate financing offers lured buyers into showrooms. While total deliveries dropped for General Motors Co. and Fiat Chrysler Automobiles ...

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US shale drillers set to plow OPEC’s gift into more wells

Bloomberg OPEC and Russia just gave their most implacable foe, US shale, an early holiday gift. As corporate boards for American oil explorers prepare to sketch out 2018 drilling budgets, the historic agreement by Saudi Arabia, Russia and other major crude producers to extend supply caps for another year may prompt directors to spend more on drilling. That’s because the ...

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