Economy

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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Growth of 2% forecast for Europe car market

Jan. 28, 2014 17:04 CET
Europe's car market will probably expand 2 percent this year as demand recovers, ACEA said....
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Russia to support domestic car industry with subsidy program

Jan. 21, 2014 06:15 CET
Russia plans to support its struggling auto industry with subsidies of up to 271 billion rubles ($8 billion) in the three years to 2016....
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Ford of Europe chief sees replacement demand driving car sales in 2014

Jan. 14, 2014 15:28 CET
Ford of Europe chief Stephen Odell said new-car sales in the automaker's 19 main European markets may rise almost 6 percent this year as customers replace aging vehicles....
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December's rising incentives could signal dangers ahead

12:01 am U.S. ET | Jan. 12, 2014
As auto sales return to pre-recession levels, some of the industry's old incentive games may be creeping back, too....
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Car-sales rise in southern Europe fails to halt regional decline in 2013

Jan. 6, 2014 10:15 CET
A rise in December new-car sales in France, Italy and Spain points to a pick-up in demand in southern Europe, although not enough to avoid a sixth straight annual decline in the overall European market in 2013....
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This time, 16 million sales forecast is on merit

12:01 am U.S. ET | Dec. 28, 2013
New U.S. light-vehicle sales are widely expected to surpass 16 million in 2014 for the first time since 2007, the culmination of a long recovery from the disastrous recession....
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Fiat says Italian plants strategy is showing 'positive' results

Dec. 20, 2013 16:42 CET
The first results of Fiat's move to use its plants in Italy to focus on higher-margin brands and build vehicles for export are encouraging, Fiat Chairman John Elkann and CEO Sergio Marchionne said....
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European car sales rise as VW, Renault make Nov. gains

Dec. 17, 2013 08:34 CET
European new-car sales rose a third consecutive month in November, the longest period of gains in four years, as demand for autos from VW and Renault contributed to signs that an industrywide decline is ending....
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Europe car sales up for 3rd month in row, area 'slowly stabilizing'

2:34 am U.S. ET | Dec. 17, 2013
European new-car sales rose a third consecutive month in November, the longest period of gains in four years, as demand for autos from Volkswagen and Renault contributed to signs that an industrywide decline is ending....
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5 YEARS LATER

2008 Timeline: Dark December

12:01 am U.S. ET | Dec. 16, 2013
A 2008 December calendar full of deadlines and disappointments....
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5 YEARS LATER

From 'lifeline' to 'worst' fear: How the rescue was viewed

12:01 am U.S. ET | Dec. 15, 2013
The U.S. Treasury Department's sale last week of its final shares of GM stock hasn't erased controversy over the bailout that gave Treasury a stake in the nation's biggest automaker. As reader comments on Web stories about the sell-off show, the bailout remains a sore point with some Americans....
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PSA IN CRISIS: SPECIAL REPORT

How PSA and France ran out of gas

Dec. 4, 2013 12:34 CET
PSA has spent years watching rivals find great success outside of Europe. Now both PSA and France must find a way -- if there is one -- to compete globally. In PSA's case, the company's future is at stake....
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Spanish car plants look beyond low labor costs to prolong boom

Nov. 22, 2013 12:53 CET
Spain's car manufacturing industry is flourishing while other European countries struggle. But industry experts warn that Spain must expand into r&d and improve transport links if it is to remain Europe's second-biggest maker of cars and beat lower cost rivals such as the Czech Republic....
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China expert fears financial crisis

Nov. 22, 2013 15:42 CET
China could soon become a major trouble spot for automakers and their suppliers if it stumbles into the so-called middle-income trap that ensnared Brazil 50 years ago, said Jochen Siebert, managing director of consultancy JSC Automotive Consulting in Shanghai....
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Early holiday deals expected to boost Nov. U.S. sales 4-7%

2:36 pm U.S. ET | Nov. 22, 2013
Auto sales in the United States are on pace to rise between 4 and 7 percent in November from a year ago, analysts said, with after-Thanksgiving deals expected to overshadow a slow start to the month....
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McLaren sees China slowdown persisting amid gov't crackdown on lavish spending

Nov. 22, 2013 06:01 CET
McLaren says it sees a slowdown in China sales persisting amid a crackdown by the Chinese authorities on high-end luxury goods including cars....
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