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Tag Archives: acea
Hyundai Joins ACEA as European Auto Sales Slump Continues
The irony is that European automakers remain opposed to the terms of the Korean FTA, which went into effect last July. Automobiles are now the largest export product of the South Korean economy. Its car industry with a production of 3 million cars per year, of which 2 million (64%) are exported – 300,000 of which were sent to the EU in 2010. ACEA points out that by contrast, 74% of cars produced in the EU are also registered in the EU. Because of its size and importance, the EU is a key target market for Korean manufacturers, but “uneven implementation will place the whole EU economy at a disadvantage,” according to the trade group. Continue reading
Posted in auto news
Tagged acea, auto informed, autoinformed.com, automotive news, eu, eurozone crisis, hyundai, Ken Zino, Korean fta
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European Auto Sales down in 2011 for Fourth Straight Year
For the year American automakers General Motors finished fourth with a flat 8.7% share. Fifth place Ford Motor (8%, a slight decline) made no sales progress either, even though both companies have introduced a series of new models. Sixth place Fiat – the owner of Chrysler courtesy of American taxpayers – continues to struggle along with Italy, off almost a full percentage point in share to 7.1%. One bright spot – Jeep sales are up 63% from an admittedly small base to more than 22,000 units. Continue reading
Posted in auto news, marketing, news, news analysis, results, sales
Tagged 2011 results, acea, auto informed, autoinformed.com, automotive news, eu, european auto sales, eurozone sales, hyundai, Ken Zino, Korean fta, marchionne, results eu results
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European Auto Sales Drop Continues Unchecked in November
Counter intuitively the Eurozone crisis is producing calls for austerity, instead stimulus plans that would increase tax revenues and employment from all industries, including auto manufacturing and sales. The automobile industry in Europe provides employment for more than 2.3 million workers and supports another 10 million jobs in related industries. Annually, automakers invest more than €30 billion in R&D, which makes it the largest private investor in R&D in Europe. Europe’s increasing instability poses risks for European, as well as the global economy. It could even affect the outcome of the U.S. presidential election next year. Continue reading
EU Car Sales Down Again in October. Four Year Trend Ongoing
The ongoing economic decline of Europe is causing problems for the Detroit Three. Sales in Germany, the largest EU market, remained stable (+0.6%), while results in Italy (-5.5%) and Spain (-6.7%) were negative, leading to an overall 1.8% decline in new registrations. From January to October, Germany was the only major market to post significant growth (+9.8%). France saw its demand slightly increase by 0.4%, while the UK (-4.5%), Italy (-10.8%) and Spain (-19.7%) all declined. Continue reading
Posted in auto news, marketing, news, news analysis, results, sales
Tagged acea, auto informed, auto news, autoinformed, autoinformed.com, automotive news, eu results, eu sales, european union, Ken Zino, news, october results, results, zino
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EU Car Sales Still trending Down for Fourth Straight Year
During the first nine months of 2011, 10,121,423 new cars were registered in the region, or 1.1% less than in the same period a year ago. Fiat, the owner of Chrysler, Ford and General Motors are all struggling to keep their European operations viable as all are losing market share. Continue reading
U.S. Automakers Push for Single EV Fast Charging Standard
Audi, BMW, Daimler, Ford, General Motors, Porsche and Volkswagen agreed to support a harmonized single-port fast charging approach for use on electric vehicles in Europe and the United States. Noticeably absent thus far is Nissan, arguably the leader in EV’s along with Alliance Partner Renault. Continue reading
Posted in alternative fuels, auto news, electric vehicles, engineering, environment, news analysis, transportation
Tagged acea, auto informed, auto news, autoinformed, autoinformed.com, automotive news, electric cars, eu electric cars, european commission, ev charging, ev recharging in north america, EVs, Ken Zino, north american evs, zino
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European Automakers to Standardize EV Charging by 2017
At the moment and for the foreseeable future, the small numbers of owners of EVs in Europe face conflicting recharging methods. If the automakers have their way, the European Commission will endorse the concept and force it on all involved. Continue reading
Posted in alternative fuels, auto news, electric vehicles, energy, environment, new vehicle, news analysis, transportation
Tagged acea, auto informed, auto news, autoinformed, autoinformed.com, automotive news, electric cars, eu electric cars, european commission, ev charging, EVs, Ken Zino, zino
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European Car Sales Rise 7% in May. Still Lag Pre-Crisis Levels
European car sales are of concern for U.S. taxpayers because they have been undermining the financial performance of General Motors and Fiat, which controls Chrysler. Both GM’s Opel subsidiary and Fiat are struggling in Europe. Even Ford Motor results are negatively affected by Europe, which remains a drag on its earnings. Continue reading
New Vehicle Sales in Europe Fall Again in April and Year-to-Date
European sales results are of concern for U.S. taxpayers because they can undermine the results at General Motors and Chrysler, which is controlled by Fiat. Both Opel and Fiat are struggling in Europe. Even at Ford Motor results are negatively affected by Europe, which remains a drag on earnings. Continue reading
Posted in auto news, news analysis, results, sales
Tagged acea, april results, auto informed, auto news, autoinformed, autoinformed.com, automotive news, eu sales, european sales, european union sales, Ken Zino, results
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Toyota Bucks EU Vehicle Sales Woes with 13% Q1 Increase
Toyota Motor Europe reported sales of 233,336 Toyota and Lexus vehicles in the first quarter of 2011 as Toyota’s overall monthly sales in March surpassed the 100,000 mark for the first time since March 2009. It is counter the downward sales trend in the European Union or EU. Continue reading
European Car Sales Decline in January
For U.S. taxpayers with substantial stakes in Fiat-controlled Chrysler and GM there were uneven results. Chrysler sold a mere 2,353 vehicles in January, down 24%. However, CEO Sergio Marchionne maintains that Lancia can help Chrysler sales by distributing its cars, and Jeep has substantial room for growth.
The Opel/Vauxhall subsidiary of GM posted a rise of 6% to 72,553 vehicles helped by growth in Germany. Opel, with more than 40,000 employees in Europe, lost the owners of GM, including U.S. and Canadian taxpayers more than $1.1 billion in the first three quarters of 2010, with the final results not in yet. Continue reading
Posted in auto news
Tagged acea, auto informed, auto news, autoinformed, autoinformed.com, automotive news, ec sales, europe auto sales, european sales, fiat Chrysler, gm opel, jeep, Ken Zino, lancia, marchionne, results, zino
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Ford Europe Sales Flat; Down Again in Western Europe
Ford now appears caught by two unforeseen macro-economic trends that are largely beyond its short term control – the collapse of Western European economies where Ford is a major player, and the growth of India and China, where Ford is a minor factor. Continue reading