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Daimler AG Expecting Banner Year for Cars, Trucks

Despite strong competition, Zetsche says ‘situation is good.’

by on Apr.09, 2014

The 2015 Mercedes-Benz S63 AMG 4Matic Coupe loses 140 pounds but gains 4x horsepower. It's vehicles like this that has Daimler Chairman Dieter Zetsche expecting a big year.

Daimler AG predicts a big increase in earnings this year despite intense competition from its rivals, Audi and BMW.

“We are beginning 2014 at the same pace with which we finished 2013,” Dieter Zetsche, chairman of Daimler board of management and head of Mercedes-Benz Cars told shareholders at the company’s annual meeting.

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“We also review our plans critically,” he said. “But they seem to have been successful. We will keep our foot on the accelerator.” (more…)

European Car Sales Fall to Lowest Level Since 1995

New Year likely to see further decline, analysts warn.

by on Jan.21, 2013

The European auto industry is facing "a storm the potential size of a tornado," warns Fiat/Chrysler CEO Sergio Marchionne.

New car registrations in the European Union fell by 8.2% in 2012, dropping to their lowest level since 1995, according to figures from the European Automobile Manufacturers Association.

And with the European Union still struggling to resolve its debt crisis and pull out of recession, industry analysts fear the situation may likely get worse this year – a situation that could prove disastrous for some of the Continent’s weaker manufacturers who have already racked up billions of dollars in losses.

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The European auto industry is facing “a storm the potential size of a tornado,” Fiat/Chrysler CEO Sergio Marchionne is warning. “This can’t go on forever” without doing serious damage to the industry.

Carmakers across the 27 EU countries registered 12.05 million new vehicles last year. Of the major markets, the United Kingdom was the only one to grow as sales climbed from 2011.


Brazil Set to Outsell Germany?

The land of tomorrow…today?

by on Apr.15, 2010

Though the market has become more global, Brazil has also seen the development of some unique models, like the Chevrolet Sabia.

Brazil is the land of the future…and always will be, or so goes the snarky joke about Latin America’s largest country, a nation that always seems to be so close to becoming a truly first world economy, only to see itself set back by yet another crisis.

But when it comes to the automotive industry, at least, Brazil is finally in gear and, it seems, on a fast course to overtake Europe’s largest national market, Germany – perhaps this year – according to several new studies, including one by J.D. Power and Associates.

The Brazilian market has been on a shaky march for more than a decade, set in motion by that government’s creation of the so-called “Popular Car” segment.  Originally seen as a small niche of stripped-down econocars aimed at first-time buyers hoping to improve their lives, the Popular Car segment is now a major force in the Brazilian auto industry.

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Meanwhile, IHS Global Insight reports that improving access to credit has increased the number of potential car buyers in the nation of 206 million people by 50%.