Recession

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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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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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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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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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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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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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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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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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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European new-car sales rise 5% in October

Nov. 19, 2013 08:34 CET
European car registrations rose 5 percent in October, marking the first back-to-back gains in monthly sales in two years, as a government scrappage program helped push a delivery surge in Spain....
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EDITORIAL

Sinkhole no more: Fleet shapes up

12:01 am U.S. ET | Nov. 18, 2013
The Detroit 3 have in recent years stopped dumping surplus cars into daily rental fleets and repurchasing them at pre-set prices. That has shifted more of the financial risk of resale to fleet operators, which have developed more outlets to resell used vehicles....
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BEST PRACTICES

Manage misfortune, expand when you can

12:01 am U.S. ET | Nov. 11, 2013
Ray Price III, whose grandpa, Ray Price Sr., started selling Model T's in Cresco, Pa., in the Pocono Mountains in 1913, calls the 2008-09 auto sales crash "not particularly difficult" compared to other events in the franchise's history. Ray Price Cars survived once again, and these days Ray III and brother Walt are busy enlarging and modernizing the multibrand, multisite family business to keep it secure for a new generation....
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Lesson in service learned from near demise

12:01 am U.S. ET | Nov. 4, 2013
During the recession, General Motors canceled -- but later reinstated -- the Buick-Cadillac-GMC franchise agreement for the dealership Tony Cline oversees in Carlisle, Pa....
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Audi CEO Stadler sees slow western Europe car market recovery

Oct. 29, 2013 06:01 CET
Audi CEO Rupert Stadler said that western European auto markets will not recover before the end of the decade....
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Chevy gains 18% as European sales fall to lowest level since 1990

2:33 am U.S. ET | Sept. 17, 2013
European car sales fell 5 percent in August with PSA and Volkswagen Group hit hardest by the eurozone slump. Ford's European sales decreased 1 percent last month. General Motors sales rose 1 percent as an 18 percent gain by Chevrolet more than offset a 3 percent decline at the Opel/Vauxhall division....
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