By country, Chinese local brands now account for 32 percent of the total, their highest ever, with Geely, BYD, Great Wall and Chery all finishing on the top 10 assembler list for the month.

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The American has shown signs of returning to form in recent times, finishing tied for third at the Abu Dhabi Golf Championship last month and winning the Chevron World Challenge event he hosts in December.

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Moore's faith in the chestnut colt paid off as he blasted home by one and a half lengths from a strong-finishing Libertarian, winner of last month's Dante Stakes.

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This month, banks are putting the finishing touches to a euro525m loan to finance the business, and at more beneficial rates than the bond used to buy out Hoechst.

ECONOMIST: Face value

Just ask Tottenham Hotspur, who had similar odds of finishing in the Top Four after their win at home against Arsenal to start the month of March and now find themselves behind their North London rival in the race for Champions League qualification.

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