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BERLIN (Reuters) – Volkswagen (VOWG_p.DE) sold a record 6.24 million of its VW-branded vehicles last year despite delivery problems caused by new anti-pollution rules, but warned the company would continue to face considerable challenges in 2019. Still battling to recover from a 2015 emissions test cheating scandal and facing tighter European environmental rules, the German automaker has been trying to boost sales and cut costs to fund an ambitious shift to electric cars and automated driving what cufflinks to wear with a tuxedo. At the same time, trade disputes with China driven by U.S. President Donald Trump’s ‘America First’ policies have caused uncertainty in the global auto industry..
“2019 will once again be a year of enormous challenges for the brand, aside from volume growth we will focus even more on our profitability,” Chief Operating Officer Ralf Brandstaetter said. VW brand sales rose 0.2 percent last year thanks to growth in South America, the United States and Europe, compensating for a decline in China and difficulties registering cars following the introduction of Worldwide Harmonised Light Vehicle Test (WTLP) emissions standards what cufflinks to wear with a tuxedo. The numbers do not include sales under the Audi, Porsche, Skoda, Bentley, Bugatti, Lamborghini and Seat brands, which are also owned by Volkswagen..
The VW brand increased market share in China in 2018 but its vehicle sales fell 2.1 percent with the world’s largest passenger car market on track for an annual sales contraction not seen since at least 1990 what cufflinks to wear with a tuxedo. For the wider Asia-Pacific region, sales dropped 1.7 percent. “This decline is mainly due to developments in China, where consumer restraint continues in an uncertain macroeconomic environment,” the company said. Despite rising 3.6 percent for the year, European sales took a hit after stricter anti-pollution rules were introduced in September..
CORPUS CHRISTI, TEXAS (Reuters) – Booming U.S what cufflinks to wear with a tuxedo. oil exports have set off a scramble to build Gulf Coast ports to handle more than 3 million barrels per day in new supplies expected over the next five years. Of seven proposed oil-export projects, nowhere is the opportunity greater or the competition more fierce than in Corpus Christi, Texas, where three firms are vying to open the state’s first deepwater port. Commodities trader Trafigura [TRAFGF.UL] has taken an early lead with a planned offshore facility that has an easier path to regulatory approval and faces fewer objections from environmentalists..
Its chief competitor – a partnership of investor Carlyle Group and the Port of Corpus Christi to build an onshore port – has responded by petitioning regulators to kill Trafigura’s project. Port lobbyists have cited past criminal allegations involving the firm in other countries and potentially “catastrophic” environmental impacts what cufflinks to wear with a tuxedo. Rising demand for new ports follows a 2015 decision by the U.S. Congress to lift a 40-year ban on crude exports after advances in drilling techniques sparked a rapid rise in domestic shale production – especially in Texas. The United States had been the world’s top oil buyer for decades, and its port infrastructure was built to import rather than export..