EconomySALES Weak March dashes recovery hopes for European carmakersApril 3, 2013 08:37 CET European car sales shrank again in March, threatening more losses for carmakers in the region after a dismal 2012, according to figures and forecasts. With euro-zone unemployment at a record high, forecaster LMC Automotive sees this year's sales dropping 3.1 percent in western Europe to 11.4 million vehicles.... Read More »
EURO ZONE CRISIS Chill in car sales spreads to northern EuropeMarch 27, 2013 11:15 CET  Dealers in northern Europe are feeling the chill after a slump in new-car sales spread to countries such as Germany, the Netherlands and Sweden. The outlook is grim for some markets that had until now escaped the worst of the euro zone debt crisis.... Read More »
RETAIL SALES/NEW PRODUCT Skoda sees new models helping to offset Europe slumpMarch 20, 2013 14:34 CET  Skoda is confident that deliveries this year will rise as the introduction of new or updated models, including a new large SUV, the Octavia compact and the Rapid Spaceback compact hatchback, offsets a drop in European demand.... Read More »
EUROPEAN SALES Ford, GM and Fiat worst hit by 10% drop in European car sales in FebruaryMarch 19, 2013 10:34 CET Ford, General Motors and Fiat were the automakers worst hit as European passenger car registrations fell 10 percent last month to their lowest February level for 23 years. The region's deepening recession continued to deter customers from buying cars despite steep discounting.... Read More »
Ford, GM and Fiat hit hard as European auto sales fall 10% in Feb. 4:34 am U.S. ET | March 19, 2013  Ford, GM and Fiat were the automakers worst hit as European passenger car registrations fell 10 percent in February. The region's deepening recession continued to deter customers from buying cars despite steep discounting.... Read More »
Ghosn favors incentives to revive Europe car demandMarch 18, 2013 06:01 CET Renault CEO Carlos Ghosn supports scrapping incentives to mitigate falling demand for new cars in Europe, which is headed toward a sixth straight year of decline as austerity measures keep customers out of showrooms.... Read More »
Bosch auto boss sees slight growth in car parts sales in 2013March 11, 2013 15:46 CET  Robert Bosch expects revenue from the sale of car parts to grow slightly this year as it grabs a bigger share of components built in each car. "We're growing above all through higher turnover per car, less through higher production levels," said Bernd Bohr, responsible for Bosch's core car parts division.... Read More »
Continental forecasts first-quarter sales drop on falling auto demandMarch 8, 2013 06:01 CET  Continental forecasts first-quarter sales will decline as much as 3 percent as demand for autos in its home market plunges. Revenue in the quarter will drop 1 percent to 3 percent, the company says.... Read More »
Automaker chiefs urge end to European austerityMarch 6, 2013 09:49 CET  Automakers joined growing opposition to Europe's austerity measures. Renault CEO Carlos Ghosn urged government spending to revive the region's anemic sales, which he forecast won't recover for another three years.... Read More »
GABE NELSON Why the auto industry isn't scared of the 'sequestration' crisis 5:17 pm U.S. ET | Feb. 28, 2013  If you have watched even a few minutes of television news in the past few days, you are probably well aware the United States is less than a day away from another fiscal crisis. So why isn't the auto industry panicking?... Read More »
Volkswagen's start to year is worse than in 2012, Poetsch saysFeb. 25, 2013 09:49 CET  Volkswagen CFO Hans Dieter Poetsch predicted the first quarter would be worse than a year earlier, adding to a forecast last week that VW's 2013 operating profit probably wouldn't increase as Europe's auto market shrinks.... Read More »
Carmakers pin hopes on Europe's UK bright spotFeb. 19, 2013 14:18 CET  The UK was the only major European car market to grow sales last year, but to maintain the growth, automakers may have to keep offering such large incentives that they may erode any remaining profit.... Read More »
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 »
Renault's European fix in danger as Russian growth slowsFeb. 7, 2013 06:19 CET  Russia's car market is forecast to slow and possibly decline this year, ending a three-year streak of gains of more than 10 percent and damping market leader Renault's efforts to offset slumping demand in Europe.... Read More »
Euro zone car markets likely to stabilize by mid-year, VDA saysFeb. 5, 2013 06:01 CET The German automakers association, the VDA, expects euro zone car markets to stabilize in the middle of the year.... Read More »
PSA unions bicker over job cuts at crisis-hit automakerFeb. 1, 2013 06:01 CET  PSA/Peugeot-Citroen labor leaders squared off against one another over a plan to eliminate 17 percent of the automaker's French work force, with three of the five main unions urging immediate action to stem losses.... Read More »
PSA unions bicker over job cuts at crisis-hit automakerJan. 31, 2013 17:49 CET  PSA/Peugeot-Citroen labor leaders squared off against one another over a plan to eliminate 17 percent of the automaker's French workforce, with three of the five main unions urging immediate action to stem losses.... Read More »
Goodyear will close French plant on Europe troublesJan. 31, 2013 11:49 CET Goodyear will close its main French plant and cut its work force in the country by 39 percent amid labor disputes and plunging auto demand in Europe.... Read More »
Ghosn sees long European slump unless region gets competitiveJan. 30, 2013 12:45 CET  Renault CEO Carlos Ghosn said the European auto market won't recover before 2020 unless governments take action to make their economies competitive.... Read More »
VW plans further cuts in German Passat productionJan. 30, 2013 21:01 CET  VW plans further temporary halts in production of the Passat in Germany in the coming weeks as a result of the weak European market.... Read More »
Ghosn says Renault must act to lift French competitivenessJan. 24, 2013 11:19 CET  Renault CEO Carlos Ghosn said the automaker must take action to increase productivity. 'The best thing we can hope for is a market stabilization' in Europe, he said.... Read More »
BRUCE GAIN Europe's crisis forces Renault to get tough 12:01 am U.S. ET | Jan. 24, 2013  Faced with steep sales declines, Renault may dare the previously unthinkable: Closing unproductive car plants in France.... Read More »
Bosch auto unit misses sales target by 600 million eurosJan. 23, 2013 12:00 CET  Robert Bosch's auto division boosted global sales by 1.7 percent to a record 30.9 billion euros last year, but missed its 2012 sales target by 600 million euros. The auto unit -- and Bosch as a whole -- will hold back on investments this year because of Europe's weak market, company executives said.... Read More »
Renault's French job-cutting plan gets better reception than PSA'sJan. 17, 2013 06:01 CET  Renault's plan to cut 7,500 jobs in France to boost the competitiveness of its plants has had a better reception from the government than a similar move by rival PSA.... Read More »
2012 European car sales lowest since 1995Jan. 16, 2013 08:34 CET New-car registrations in Europe plunged by 16 percent in December as volume automakers suffered falling sales. Full-year sales declined 7.8 percent to 12.5 million cars, the lowest level since 1995.... Read More »
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