Rolls-Royce, Bentley, BMW Sales Surge as Cheaper Brands Lag Behind
BERLIN-Luxury car brands such as Rolls-Royce, Bentley, Porsche and BMW have reported record sales, thanks to customers who have craved them and manufacturers that have directed scarce chips toward their most profitable models.
With international travel stalled during the pandemic and many avenues of flashy spending closed to them, a young generation of luxury-car consumers went on a shopping spree last year.
Yemen's Houthi Rebels Claim Aerial Attacks on U.A.E. Capital
Yemen's Houthi rebels said they were behind aerial attacks in the United Arab Emirates that killed three people on Monday, as intensifying fighting in a 7-year-old civil war spills out across the broader Middle East.
The Houthis, who are backed by Iran, said they had targeted Abu Dhabi with ballistic and cruise missiles and a large number of drones in retaliation for a recent escalation by the U.A.E. in Yemen, where Emirati-backed militants last week dealt the Houthis an unexpected defeat in the oil-rich province of Shabwa. The Emiratis have intensified their efforts recently in support of local militants in Yemen in a Saudi-led coalition that had suffered defeats.
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Expected Major Events for Tuesday
07:00/EU: Dec New Passenger Car Registrations in Europe statistics (EU27 + EFTA3)
07:00/UK: Dec UK monthly unemployment figures
07:30/SWI: Dec PPI
07:30/SWI: Dec Import Price Index
09:00/BUL: Dec CPI
09:00/ITA: Nov Foreign Trade EU
10:00/GER: Jan ZEW Indicator of Economic Sentiment
11:00/FRA: Nov OECD Harmonised Unemployment Rates
11:00/POR: Dec PPI
16:59/AUT: Jan OPEC Monthly Oil Market Report
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This article is a text version of a Wall Street Journal newsletter published earlier today.
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