Tag Archives: eu

EU Car Sales Weak in April. Off -7% YTD

This was the third lowest level of new registrations for a month of April, with the historic low for April reached in 2012 at 1,021,358 units, according to ACEA, the auto trade group. Continue reading

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Ford and Schaeffler to Make Fiesta EV

While offering no business reasons for the project at loss-making Ford of Europe, the company said there could be space-saving benefits that could support development of smaller cars that are more agile and optimized for urban areas with the ability to move sideways to park. Continue reading

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Daimler Group Q1 Earnings Drop Based on EU Crisis

Daimler AG [DAI] posted a significant drop in Q1 earnings largely because of the ongoing economic slowdown in Western Europe where sales are running at a 20-year low. The Q1 EBIT of €917 million was less than half of Q1 … Continue reading

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EU Commercial Vehicle Sales Drop -10% in March, -11% Q1

The UK, currently mourning Prime Minister Margaret Thatcher and which has resolutely stuck to the Pound, was the only major area to post growth at +7.7%. Continue reading

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General Motors to Invest €4 Billion in Loss-Making Opel

GM has lost more than $18 billion in Europe since 1999, including $1.8 billion in 2012. GM also wrote down more than $5 billion in assets in the Eurozone, and it wrote off more than half the value of its PSA Citroën stock (-$220 million) acquired latest year in what GM said at the time was a collaboration that would, eventually, save billions. Nothing was really new in today’s speeches. Continue reading

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