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Tag Archives: european union
April EU Cars Sales Down Again as Eurozone Crisis Continues
In April, 1,017,912 new passenger cars were registered in the EU, or 6.9% fewer than in the same month of 2011. For the first four months of the year, new registrations were 7.5% lower in the EU than a year earlier at 4,332,342 units. This means the EU remains on track for the fifth straight year of sales declines, an economic disaster that has potential negative effects on Fiat, Ford Motor and General Motors in North America. Continue reading
Posted in auto news, economy, results, sales
Tagged auto informed, autoinformed.com, automotive news, eu, eu april sales, european union, Ken Zino
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Opel Woes Continue as EU Auto Sales Decline In April. Latest Turnaround Plan Faces Fierce Union Fight over Plant Closings
Worrisome for GM shareholders, including the U.S. taxpayers who still own 32% of the world’s largest, but only marginally profitable, automaker after a $50 billion bailout, Stracke told employees that Opel will stay with existing labor agreements through 2014. With the European auto market headed for its fifth straight year of sales declines and with no upturn predicted for years, it’s impossible to see how Opel will cease being a drag on GM earnings. Continue reading
Ford Europe Sales Down 10% in April. UK and Eastern EU Up
Like other automakers, Ford is struggling with the contractionist policies of governments in Germany and Brussels, as voter unrest grows with the Depression level economic conditions. Both in April and year-to-date light vehicle sales in the EU are off almost 8%, the fifth straight year of declines. Continue reading
Posted in auto news, economy, news analysis, results, sales
Tagged april sales, auto informed, autoinformed.com, automotive news, eu, eu sales, european union, ford Europe, Ken Zino, results
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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
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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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
EU Proposes Banning Cars from Cities. Automakers Protest
The European Commission today adopted 40 initiatives that it claims will increase mobility, dramatically reduce Europe’s dependence on imported oil and cut carbon emissions from transportation by 60% by 2050. It also requires the investment of €1.5 trillion or $2.1 trillion across the EU. Continue reading
World First – Suzuki Fuel Cell Motorcycle Street Legal in EU
The upshot is that zero emission motorcycles are now a step closer to becoming commercially available, and since motorcycles don’t come in right-hand-drive versions, the motorcycle could – in theory – be produced and sold throughout Europe. Continue reading
Brexit – Angry Voter Costs Greater Than Said. Trump Parallels Abound
In a paper published in November and brought to AutoInformed’s attention today by The Hutchins Center on Fiscal and Monetary Policy at the estimable Brookings Institute, angry voters in the United Kingdom who overwhelming approved leaving the European Union in the so-called Brexit* referendum resulted in shrinking the UK GDP by 6% to 8% by 2025. The exhaustive research paper was authored by Nicholas Bloom, Philip Bunn, Paul Mizen, Pawel Smietanka and Gregory Thwaites.**
The negative economic effects began after the 2016 referendum. They intensified following the UK’s formal exit in 2020. This paper in AutoInformed’s view is directly relevant to Trump’s Tariff Chaos and is a harbinger of still larger negative effects to come. Continue reading →