On Friday, Shares of General Motors Company (NYSE:GM), lost -0.79% to $28.88.
General Motors Company stated on Monday its biggest drop in China sales in five months for August as global automakers struggle with a deepening economic slowdown and slumping equities in the world’s largest auto market, according to Reuters.
Vehicle sales for GM and its joint venture partners fell 4.8 percent year-on-year in August, while Ford Motor Co and Nissan Motor Co Ltd also stated contracting sales for the month, highlighting the divide between winners and losers in the Chinese market. Reuters Reports
The figures contrast sharply with last week’s major sales gains for Toyota Motor Corp, Honda Motor Co Ltd and Mercedes maker Daimler AG in China, demonstrating the importance of having fresh, in-demand products to entice buyers. Reuters added.
China’s economy is forecast to grow at its slowest pace in a quarter of a century this year. Mainland stock markets have tumbled roughly 40 percent since mid-June after a sharp run-up that began late last year. (Reuters)
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.
Shares of Colgate-Palmolive Co. (NYSE:CL), declined -2.32% to $61.46, during its last trading session.
Colgate-Palmolive Company’s Franck Moison, Chief Operating Officer, Emerging Markets & Business Development, will present on Monday, September 14, 2015 at the CLSA Investors’ Forum 2015 in Hong Kong at 3:00 p.m. (3:00 am ET).
Colgate-Palmolive Company, together with its auxiliaries, manufactures and markets consumer products worldwide. It operates in two segments: Oral, Personal and Home Care; and Pet Nutrition.
Finally, Starbucks Corporation (NASDAQ:SBUX), ended its last trade with -0.75% loss, and closed at $54.28.
Starbucks Corporation launched one of its biggest fall lineups in its Canadian history, featuring more than a dozen new offerings counting the return of the iconic – and now more pumpkin-y – Starbucks® Pumpkin Spice Latte (PSL™/mc); the availability of new Starbucks® Single Origin Sumatra Coconut Beverage; and a brand new selection of premium lunch and pastry offerings giving Canadians more delicious reasons to enjoy food at Starbucks.
“We’re continuously looking at ways to exceed the expectations of our customers and partners, which is why we’re excited to be launching one of our biggest fall seasons ever in Canada ,” says Richard Burjaw , vice-president Marketing, Starbucks Canada. “Whether it’s enhancing our best-selling limited time customer favourite, the PSL™/mc, introducing new sandwiches made with premium ingredients, offering grab-and-go options that can be enjoyed any time of day or giving customers a new way to customize their favourite Starbucks® beverages, there has never been a better time to visit Starbucks.”
Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; Europe, Middle East, and Africa; China/Asia Pacific; and Channel Development.
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