Tag Archives: acea

EU Pols Say Tough New CO2 Limits Will Create Auto Jobs

As part of the proposal adopted yesterday by the European Commission to limit drastically CO2 emissions from cars and light commercial vehicles, there were claims made that it makes economic sense. Continue reading

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EU Car Sales Down 8.7% in May. Eight Straight Months of Drops

New passenger car sales in the EU declined 8.7% in May to 1,106,845. It was the eighth consecutive month of sales declines, according to ACEA, the automakers association. Five months into the year, new registrations amounted to 5,442,326 units or 7.7% less than in the same period last year as the EU is headed for its fifth straight year of car sales declines with unemployment at depression levels. Continue reading

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EU Commercial Vehicle Sales Drop 12% in April

Unlike the car market in Europe, which is in its fifth straight year of declining sales year-over-year, the commercial vehicle market was posting small gains until about a year ago. The declines since then are an ominous sign that EU economic problems are deepening as voters are turning out existing governments and demanding economic stimulus packages from new or surviving ruling elites. Expanding debt ridden national economies has thus far have been resisted mostly by the German government, which has a relatively stronger economy keeping it in power for the moment. Continue reading

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EU Automakers Protest Globalization as Trade Policy

Call it pragmatism or pure hypocrisy, but the Association of European Automakers – ACEA – is protesting trade negotiations to open markets. This is the so-called globalization that many – if not all- of its parent automaker companies previously used to break or weaken unions as they moved jobs away from their older, established manufacturing sites. Now, the effect of globalization is coming home to an impoverished European roost as the EU opens up formerly protected markets to developing countries, some of which produce automobiles. Management and remaining workers are in danger of losing their jobs this time. Continue reading

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February Car Sales Drop 10% as Eurozone Crisis Goes On

The dismal sales data, which has potential implications for the U.S. presidential election since all the Detroit Three companies are mired in losses from their European operations and previous taxpayer assistance remains controversial, confirmed what ACEA President Sergio Marchionne, the CEO of Fiat S.p.A. said two weeks ago. Continue reading

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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