PSA, Renault realities force French gov't rethinkFeb. 9, 2013 06:15 CET  With France on the brink of recession and PSA and Renault seeking to shed thousands of jobs, the country's government may be forced to follow Germany's path that helped Volkswagen to restructure.... Read More »
Italians give up Ferraris, Maseratis as austerity measures biteAug. 15, 2012 06:01 CET  The 204,000 euro Ferrari 458 Italia has never been a particularly common sight, even on the autostrade of its native Italy. Today, it's becoming even rarer as austerity measures drive Ferrari owners to export their supercars by the truckload.... Read More »
NEWS ANALYSIS PSA must prepare for a tough fight over French plant closureAug. 15, 2012 09:57 CET  Within hours of an announcement to close a PSA plant near Paris, the first car factory closure in France in 20 years, the automaker's unions went on the attack, with one union likening themselves to a ''political bomb'' ready to detonate. The move is in stark contrast to the reaction of U.S. unions four years ago after a automakers there slashed production capacity in exchange for government assistance.... Read More »
Fiat spending halt in Italy sparks calls for gov't actionAug. 3, 2012 07:34 CET  Fiat's decision to temporarily halt new investments in Italy prompted politicians and unions to ask the government to intervene to secure the industry's future in the country as car sales plunge to a 33-year low.... Read More »
Fiat declines to give clues on new investmentsAug. 2, 2012 07:34 CET  Fiat declined to give any details on its future investments because of the economic downturn and slumping car sales in Europe.... Read More »
Europe troubles seen putting 500,000 auto jobs at riskAug. 2, 2012 08:34 CET Efforts by PSA and Fiat to end losses in Europe could cost more than 500,000 people their jobs as automakers and parts suppliers grapple with the effects of the European sovereign debt crisis. The region's auto industry is set to pare payrolls as auto demand contracts for the fifth straight year.... Read More »
EU opens door to Japan trade talks, new era of dealsJuly 17, 2012 06:01 CET  The EU is expected go ahead with talks on a potentially groundbreaking free-trade deal with Japan despite opposition from carmakers. The European Commission is set to announce on Wednesday it is ready for talks that it hopes will help start a revival of Europe's stagnant economy. A deal with Japan would build on last year's agreement with South Korea.... Read More »
French president says PSA job cut plan is not acceptableJuly 14, 2012 10:34 CET  President Francois Hollande said PSA's decision to close a factory and cut an additional 8,000 jobs is unacceptable and that he will lean on Europe's second-biggest carmaker to renegotiate the plan.... Read More »
Automakers, dealers say Spain's VAT hike will further depress car salesJuly 12, 2012 10:55 CET  Automakers and dealers said an increase in Spain's sales tax to 21 percent from 18 percent will hit the country's flagging auto sales.... Read More »
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