Economy

Dutch car sales likely to fall to 45-year low, industry group says

Aug. 19, 2014 13:36 CET
Dutch car sales will likely fall to their lowest level since 1969 this year as sluggish economic recovery and weak consumer confidence hit demand, automotive industry consultancy group Aumacon says....
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China's Brilliance mulls Italy car plant, prime minister says

Aug. 14, 2014 22:13 CET
Italian Prime Minister Matteo Renzi said that Chinese carmaker Brilliance China Automotive had expressed an interest in opening a plant in Italy. Renzi is trying to encourage foreign investment in Italy, which has fallen back into recession....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Europe's slump creates new opportunities at the top

Aug. 13, 2014 06:01 CET
Europe's car sales slump took its toll on the executive ranks at automakers active in the region. Just 13 of the 37 executives who topped their organizational charts before the crisis are still there....
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Europe group questions China antitrust probes

Aug. 13, 2014 13:25 CET
The European Union Chamber of Commerce in China on Wednesday expressed concern over a recent series of antitrust investigations, saying China was using strong-arm tactics and appeared to be unfairly targeting foreign firms....
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Trouble looms as industry zooms

12:01 am U.S. ET | Aug. 11, 2014
As U.S. auto sales and output roar back to levels many in the industry feared they would never see again, leading industry economists and forecasters have a warning: Dark clouds are on the horizon....
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2014 MANAGEMENT BRIEFING SEMINARS

Auto sales suffer when young adults work only part-time, economist says

3:25 pm U.S. ET | Aug. 5, 2014
New-vehicle sales are climbing steadily, but they are still depressed by a lack of full-time jobs for young adults, an economist said....
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2014 MANAGEMENT BRIEFING SEMINARS

Auto sales would be higher in 'normal' recovery, researcher says

12:24 pm U.S. ET | Aug. 5, 2014
If this were a normal recovery, the auto industry should be selling a lot more cars than it is this year, says an economist. But this is no normal recovery, said Itay Michaeli, director of Citi Investment Research and Analysis....
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Russian car sales sink most in 4 years on ruble weakness

July 10, 2014 12:29 CET
Sales of new cars in Russia plunged by the most in more than four years in June as a weaker ruble curbed demand. Automakers sold 199,398 vehicles last month, down 17 percent from a year earlier....
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Average U.S. fuel economy 25.5 mpg in June

1:38 pm U.S. ET | July 7, 2014
Average fuel economy for new vehicles sold in the United States remained above 25 mpg for the fifth straight month in June, researchers at the University of Michigan said....
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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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