Hints and tips:
...customised tyres for clients in the specialised $12bn market for agricultural and construction vehicles, the company has avoided competing with low-cost Chinese rivals in the $150bn market for cars and trucks...
...Both companies still trade at a discount to their sector. They have not run out of road yet. Email the Lex team in confidence at lex@ft.com...
...(Financial Times) Shares in India’s Apollo Tyres have jumped 1.5 per cent today after the company demanded a discount on the $2.5bn it had agreed for US rival Cooper Tire....
...(Reuters) - A Tarp share buyback discount has drawn criticism....
...This month WTI’s discount widened to a record $23 a barrel....
...The plan is part of the ambition by Ferdinand Piëch, VW’s chairman and grandson of VW Beetle designer Ferdinand Porsche, to build a car-to-truck empire to overtake Japanese rival Toyota by 2018....
...“Until such time, the stock will continue to trade at a substantial discount to the sector in our view.” African Barrick listed at 575p a share in March....
...The high school friends started by picking up supplies in a car, before upgrading to an open-backed truck, a van and an 18-wheel tractor-trailer....
...It marked a further step in a drive by Ferdinand Piëch, VW’s chairman, to build a car and truck empire building everything from small own-brand cars to Bugatti sports cars and MAN trucks....
...In a Pipe investment, a buy-out group typically acquires a minority stake in a listed company by buying restricted stock at a discount....
...Several other companies, including Goodyear Tire, Navistar, the truck and engine maker, and Dana, an automotive parts supplier, have also introduced Vebas, although on a far smaller scale than GM....
...Demand for smaller cars and trucks, especially hybrid petrol-electric vehicles, remained buoyant....
...Under GM's “discounts for everyone” programme, buyers of almost all GM 2005 models will receive the rebate normally reserved for employees....
...As well as cars, trucks and locomotives, GM served up everything from Frigidaire home appliances to earthmoving equipment....
...UBS said that while it believed ABN shares should trade at a discount to the European banks given its earnings profile and disparate businesses, the market’s application of a 28 per cent blanket discount...
International Edition