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Tag Archives: eu
EuroSlump Goes On – June Commercial Vehicle Sales Drop -5%
During June commercial vehicle sales in the EU dropped by -5% in the EU as vehicle registrations continued their downward trend to 149,996 units. In another dismal month, all segments were down, from -4.2% for vans to -14.0% for buses and coaches. Continue reading
Posted in economy, sales
Tagged autoinformed, autoinformed.com, eu, eu crisis, Ken Zino
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Milestones – 500,000 Porsche Cayenne Made in Leipzig
German Chancellor German Chancellor Angela Merkel last week killed a draft European Union law aimed at reducing carbon dioxide. Merkel facing federal elections in September, said “This is also about employment,” a concept that has eluded EU politicians for more than five years as the economic crisis deepens, but not for the lavishly paid, fed and housed Eurocrats. Continue reading
Posted in auto news, fuel economy or emissions, milestones
Tagged acea, autoinformed, autoinformed.com, co2, eu, Ken Zino, leipzig, merkel
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European Car Sales Down Again in June. EU Slump Continues
The drop was in stark contrast to the recovering U.S. auto market, which is within a year or two to obtaining pre-Great Depression levels and the booming Chinese market,which at 23 million or more units this year will once again be the world’s largest. Once again the specter stalking European politicians whose austerity policies induced the ongoing human tragedy, is the their leadership role in the unchecked decline, which much like the decline of European power after a generation was slaughtered during WW1 is looking to be structural and permanent. Continue reading
Posted in auto news, economy, sales
Tagged autoinformed, autoinformed.com, eu, eurozone crisis, Ken Zino
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Western Europe Sales Slump Permanent?
“Flat is the new up in Western Europe,” claims John Hoffecker, co-president of AlixPartners. “Our models show Western European sales reaching a bottom of 12 million units in 2014, and largely remaining there for the foreseeable future – far from the historical peak of 2007, when 16.8 million units were sold. Continue reading
Posted in auto news, economy, sales
Tagged AlixPartners, autoinformed, autoinformed.com, eu, eurozone crisis, Ken Zino
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New ACEA Head Announced as EU Crisis Continues
The automotive sector contributes positively to the EU trade balance with a €92 billion surplus, much of it at the expense of American autoworkers who pay taxes to underwrite lavishly NATO and European defense budgets giving German automakers in particular an unfair subsidy according to a growing number of critics of the U.S. defense budget and the State Department under the ‘no jobs’ Obama administration. Continue reading
Posted in news analysis, people
Tagged acea, autoinformed, autoinformed.com, eu, Ken Zino, nato, taxpayer subsidies
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April EU Commercial Vehicle Sales Up Slightly. YTD off -7.6%
In a classic half empty or half-full interpretive dilemma, commercial vehicle sales in the EU increased 3.6% for the first time since December 2011. The uptick came mostly from demand for new vans (+5.8%). However, his year, the EU counted on average two more working days compared to the same month in 2012 because of how the Easter holiday fell. Continue reading
Posted in auto news, results, sales
Tagged autoinformed, autoinformed.com, eu, eurozone crisis, Ken Zino
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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
Posted in auto news, economy, sales
Tagged autoinformed, autoinformed.com, eu, eurozone, Ken Zino
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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
Posted in alternative fuels, auto news, electric vehicles
Tagged autoinformed, autoinformed.com, eu, fiesta, Ken Zino, micro-cars, quadricycles
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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
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, Daimler group, eu, Ken Zino, mercedes-benz
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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
Posted in auto news, sales
Tagged autoinformed, autoinformed.com, eu, Ken Zino, urozone crisis
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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
Posted in auto news, financial results, news analysis
Tagged adam opel, auto informed, autoinformed.com, automotive news, eu, GM, Ken Zino
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EU Commercial Vehicle Sales Plunge 13% in February
Demand for new commercial vehicles in the EU during February was down for the fourteenth consecutive month in a decline that hurt all vehicle segments. Continue reading
Posted in auto news, economy, sales
Tagged acea, auto informed, autoinformed.com, automotive news, eu, eurozone, Ken Zino
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Opel Union Members in Germany Vote Down Labor Deal
Today, IG Metall union member employees of Adam Opel AG in Bochum voted against a revised labor agreement that would have offered their location some long-term jobs while cutting others. Since Opel management at the loss making GM subsidiary previously said that no further negotiations on the proposed labor agreement will take place, the production of the Zafira Tourer and the exclusion of compulsory separations will run out by the end of 2014. Continue reading
Posted in auto news, labor issues, manufacturing, news analysis
Tagged auto informed, autoinformed.com, automotive news, eu, gm europe, Ken Zino, opel
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New Regulations for Safety, Emissions Hurt Micro-Cars
While there is a clear emerging global trend of rising demand for small and inexpensive cars, regulations are increasing their costs. Since 2010, supply by automakers has been growing as they offer products in the range of €10,000 (~$13,000). Some vehicles in this price range are micro-cars, such as the Piaggio, NT3, Renault Twizy ZE, Tata Nano, and Opel Rak-e, all unheard of in the United States. However, there are two A-segment vehicles playing in this space, the Skoda Citigo and Daimler Smart ForTwo, which is on sale in the U.S. Continue reading
Posted in auto news, fuel economy or emissions, motorcycles, new vehicle
Tagged auto informed, autoinformed.com, automotive news, eu, Ken Zino, micro-cars
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EU Car Sales Drop 10.5% During February to 795,482
Passenger car registrations plummeted in the 27 markets of the EU during February of 2013 to fewer than 800,000 units, a 10.5% drop from the same month last year. In February, the UK was the only country to post growth (+7.9%). All other major markets faced a downturn ranging from -9.8% in Spain to -10.5% in Germany, -12.1% in France and -17.4% in Italy. Continue reading
Posted in auto news, economy, sales
Tagged acea, auto informed, autoinformed.com, automotive news, eu, eurozone, Ken Zino
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