Industry Summits
Renault pushes electric vehicle sales
PARIS (Reuters) - Renault expects to sell between 20,000 and 40,000 electric vehicles in 2011, and break through the 100,000 unit threshold the following year, said Patrick Pelata, executive vice president of the fourth largest European carmaker by sales volume. Full Article
Ferrari sees flat 2008 sales at least
PARIS (Reuters) - Ferrari said on Wednesday it should be able to sell the same number of cars -- if not more -- in 2008 as it did last year, but it stopped short of making a forecast for 2009 due to the global financial crisis. Full Article
Audi confident can achieve 2008 targets
PARIS (Reuters) - Volkswagen's premium brand Audi is optimistic it can achieve its full-year targets for revenue and earnings to rise in line with unit sales as the company is poised to break the 1 million car barrier in 2008. Full Article
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Lamborghini sticks to 2008 sales target
PARIS (Reuters) - Super sports car maker Lamborghini still aims to increase unit sales by 5 percent this year, though it might feel the aftershocks of the global financial crisis like other luxury brands. Full Article
Leoni sees strong Q4 compensating weaker Q3
PARIS (Reuters) - German cable and wiring specialist Leoni expects to reach its 2008 targets thanks to a strong fourth quarter that compensates for a weaker performance in the three months to September, a management board member said on Wednesday. Full Article
Credit crunch pressuring car sales: AutoNation
DETROIT (Reuters) - The U.S. credit crunch is hammering even prime borrowers looking to buy cars and trucks in the United States, the chief executive of top U.S. auto dealership group AutoNation Inc said on Tuesday. Full Article
Nissan downbeat on Europe target but beats rivals
PARIS (Reuters) - Nissan Motor Co will have difficulty meeting its annual sales target set before car demand started to slide in Europe, but is confident of expanding its market share in the region, a top executive said on Tuesday. Full Article
Fitch very bearish on 2009 Europe auto market
PARIS (Reuters) - The European auto market is facing a sharp downturn in the coming year and frozen credit markets could mean additional pressure should carmakers reduce their financing operations, a Fitch analyst said on Tuesday. Full Article
What are Summits?
Reuters Summits are your direct link to top business leaders, investors and regulators. Our journalists interview heavyweights in a particular industry, spin out hard-hitting breaking news and sharp analysis that can often move markets. If you want to understand what the insiders are thinking, look for Reuters Summits. Launch Full Video
Speakers
Citigroup shares drop; CEO plans to keep Smith Barney
NEW YORK (Reuters) - Citigroup Inc Chief Executive Vikram Pandit tried to downplay speculation the banking giant might sell major businesses to restore its health and investor confidence, but shares still tumbled for a fifth straight day. Full Article | Video
Upcoming Summits
| India Investment | Nov 24 - 26 | Mumbai and Bangalore |
| Media | Dec 1 - 4 | New York |
| Investment Outlook | Dec 8 - 11 | New York |
| Aerospace and Defense | Dec 15 - 17 | Washington, DC |
