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Posts Tagged ‘European auto news’

New Car Sales Expected to Rise Again in Europe This Year

Analysts warn auto sales are still “fragile” on the continent.

by on Jan.19, 2015

European auto sales are expected to rise again in 2015 with products like Opel's new Corsa available, but the market is still shaky.

Car sales in Europe are expected to grow in 2015 marking the second year in row the struggling market could post gains. However, one analyst is exercising caution regarding the increase claiming the market is still fragile.

IHS Automotive predicts sales could grow by 2.5% in 2015 after rising by 5.7% in 2014. Last year’s increase was the first in six years since the Great Recession sent the European car industry into a tailspin.

Power!

Registrations during the year rose to 12.55 million units. The sales trend in Europe has been steady monthly increases with December marking the 16th straight month of gains. Registrations grew 4.7% year-over-year to 951,329 units in December. (more…)

European Car Market Still a Mess, Warns Marchionne

Fiat Chrysler CEO also raises concerns about Toledo Jeep plant.

by on Oct.07, 2014

New emissions standards, in general, are “one of the toughest issues we face,” said Sergio Marchionne, during the Paris Motor Show.

The large crowds pouring in for this year’s Paris Motor Show have given hope to industry planners waiting to see if the long European automotive recession has finally come to an end. But despite recent signs of a sales upturn, not everyone is convinced the world’s third-largest car market is finally in recovery mode.

“I’ve never been a firm believer in the recovery of Europe,” said Fiat Chrysler Automobile CEO Sergio Marchionne, during a meeting with reporters. “There are still some problems that plague us in getting this machine going again.”

A Real Performer!

Like a number of other industry leaders, Marchionne’s confidence appears to have been further shaken by last week’s announcement that Ford would not see the turnaround it had expected in Europe this year. That revelation triggered a sharp run on the maker’s stock, which fell nearly 20% in a matter of days. (more…)

Automakers Buoying German Economy

Despite European recession, companies adding jobs in Germany.

by on Dec.31, 2013

Volkswagen and other German automakers are making a major impact on the country's economy despite a European recession.

With Volkswagen, BMW and Daimler AG all making major contributions, the success of the German auto industry continues to bolster that country’s economy, which is widely regarded as the strongest in Europe and one of the strongest in the world.

Despite the pressure for profits and the recession in Europe, the Volkswagen Group alone managed to add 11,000 new jobs in Germany during 2013.

Global News!

Through November, the Volkswagen Group employed about 260,000 people in Germany, compared to 249,000 at the end of 2012. (more…)

Aston Martin, Daimler Formalize Planned Alliance

Engine project first on tap.

by on Dec.19, 2013

A worker at the AMG engine plant. Aston and AMG will work together on a new V-8.

Daimler AG and Aston Martin Lagonda Ltd. have locked down the alliance they announced earlier this year, a move that will see the new partners work together on the development of new V-8 engines for future Aston products.

As part of the deal, the German maker will take a 5% non-voting stake in the British brand. The new partners also suggested that they are exploring further opportunities, including the supply of electronic components.

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The alliance could be particularly crucial for Aston, the supercar maker best known for its ties to film spy James Bond struggling to keep up with increasingly difficult global fuel economy and emissions standards since it was spin off from former owner Ford Motor Co. a few years back. (more…)