Economy

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

European plant capacity usage improves, but breakeven still years away

June 10, 2014 06:01 CET
Capacity utilization at Europe's vehicle plants should reach 70 percent this year. A return to the 2007 high of 85 percent is not expected until 2020 – if ever – forecasters say....
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European car sales lackluster in May

June 4, 2014 08:49 CET
New-car registrations across Europe were generally lackluster in May after a rebound in the first few months of the year, although sales in Germany and Spain rose due to incentives and subsidies....
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EDITORIAL

No margin for error

12:01 am U.S. ET | June 2, 2014
Even with the industry on a roll, dealers must keep working to control costs and protect their profitability....
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Toyota named most valuable car brand

May 21, 2014 06:15 CET
Toyota defended its title as the world's most valuable car brand. BMW was No. 2 while Ford made the biggest improvement, leaping past VW brand and Nissan into the top five, according to a study....
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Renault-Nissan's resilience to Russia's problems may be tested

May 14, 2014 15:46 CET
Renault is looking closely at Western sanctions on Russia even though its alliance with Nissan appears better positioned than others to ride out the crisis over Ukraine....
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Ford expects new models, stabilizing markets to sustain European sales growth

May 14, 2014 11:57 CET
Ford is counting on new models and stabilizing markets to boost its European sales after the automaker's regional deliveries rose 7 percent in April. The improvement outpaced total industry growth of 4 percent....
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Russian car sales fall 8% in April on weak ruble

May 13, 2014 16:08 CET
Russian car sales fell 8 percent in April as the weak ruble hit consumer demand. Car sales have been falling as Russia's already weak economy is further hit by Western sanctions over Ukraine and people delay making large purchases....
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Maserati, VW lead foreign automakers making inroads in Japan

May 12, 2014 11:00 CET
Maserati and VW are among foreign automakers benefitting from a sales rebound in Japan as 302,000 non-Japanese cars were sold in the country in the year ending March 31, the highest number since 1997....
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W. Europe car sales headed for 4% growth after strong April

May 9, 2014 10:27 CET
Western European car sales may rise 4 percent to 12.04 million this year as the region's auto market continues its recovery. Four-month sales were up in all of the region's major markets....
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VW to lay off 900 workers in Brazil

April 25, 2014 07:33 CET
VW will lay off about 900 workers at two Brazilian plants in response to sluggish demand for cars in Latin America's largest economy....
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UK car production returns to growth, boosted by increased European demand

April 24, 2014 08:40 CET
British car production returned to growth in March, boosted by increased demand in Europe and by automakers completing retooling to build new models. Output increased 12 percent last month....
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Rolls-Royce CEO predicts 5th year of record sales

April 19, 2014 19:26 CET
Rolls-Royce will probably post a fifth consecutive year of record sales, helped by demand in China and Japan, CEO Torsten Mueller-Oetvoes said. Sales also may rise in Russia this year, he added....
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Fields sees Ford Europe growth, eyes breakeven by mid-decade

April 16, 2014 17:19 CET
Ford is sticking with its forecast for a smaller loss in Europe this year and breakeven by 2015 even as the company sees signs of growth, COO Mark Fields said....
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Ghosn sees 'bright spots' for carmakers as Europe revives

April 16, 2014 07:23 CET
Global carmakers will see rising demand this year as sales in China and the United States expand and Europe starts to grow again, Renault-Nissan CEO Carlos Ghosn said....
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Economists: Global GDP growth on the rise, but BRICs disappoint

11:14 am U.S. ET | April 15, 2014
The global economy will do “fairly well” in the coming years, with the United States economy leading the way, while Europe “has turned a corner,” a leading economist said....
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European car market rebound on track, but discounting persists

April 11, 2014 06:01 CET
Western Europe's 7 percent first-quarter rise in new-car sales has some market watchers adjusting their full-year forecasts upward, but economic risks remain and profit-robbing car discounting continues....
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2009 Timeline: March massacre

12:01 am U.S. ET | March 31, 2014
A timeline of the events that made up the industry collapse...
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Russia to limit state procurement of imported cars, report says

March 24, 2014 16:17 CET
Russia plans to restrict state procurement of imported cars in a move aimed at helping domestic carmakers to weather a slump in demand, a report said....
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Recession's lessons boost used-car sales

12:01 am U.S. ET | March 24, 2014
Mike Cimino, vice president of Phil Long Dealerships in Colorado Springs, Colo., says his group has made a lot of changes in the way it runs its used-vehicle department in recent years....
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Ruble slide offers mixed blessings for Russia's car industry

March 22, 2014 06:01 CET
The damage to consumer confidence in Russia from a plunge in the value of the ruble could be offset for local carmakers as they become more competitive against foreign brands....
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VW keeps to Russia growth plan as Europe weighs sanctions

March 20, 2014 16:52 CET
Volkswagen CEO Martin Winterkorn says the carmaker will stick with ambitious expansion plans in Russia even as European leaders consider sanctions over the country's seizure of Crimea....
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Help wanted: Industry restocks for recovery

12:01 am U.S. ET | March 17, 2014
Showing increasing confidence in the pace and durability of the recovery, automakers are spending to restock depleted departments in core areas, such as sales, marketing, distribution, product planning and administration....
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JENNIFER CLARK

Ferrari bets big on Europe's rebound

1:35 pm U.S. ET | March 14, 2014
Ferrari's decision to open a theme park in Spain rather than China or another growing market is a big bet that Europe's slump is really over....
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Valeo second-half earnings rise 16% on strong China, U.S. demand

Feb. 21, 2014 09:43 CET
Valeo said second-half earnings rose 16 percent as demand for cars increased in China and North America and the European vehicle market improved....
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Maserati boom signals Fiat's shift from its Italian past

Jan. 30, 2014 12:41 CET
Fiat made its name building modest cars such as the tiny 500. With the acquisition of Chrysler, CEO Sergio Marchionne is shifting the company away from the European mass market to build upscale cars for wealthy Americans, Chinese and Europeans....
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