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Tag Archives: acea
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
