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Outlook for Volvo Cars Deteriorating As Profit Dives

Outlook for Volvo Cars Deteriorating As Profit Dives. “While the macro environment is a challenge, new model launches and the gradual unwinding of the supply-chain related delayed car deliveries should provide support” As its major competitors in Europe reported strong earnings, premium sector wannabe Volvo Car’s 3rd quarter operating profit fell by about a third, […]

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Carmakers Brace For Onslaught, While VW Volume Brands Could Lose Money

Carmakers Brace For Onslaught, While VW Volume Brands Could Lose Money. “However, even with some improvement assumed next year, the market will remain far below what was considered normal operating volume pre-pandemic”  Europe’s big carmakers have already written off 2022 as a down year for volumes, despite most of them posting increased profits, but analysts […]

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Ferrari Finances Trump Aston Martin’s, But Powerful Backers Can Mount Fightback

Ferrari Finances Trump Aston Martin’s, But Powerful Backers Can Mount Fightback. “So, in a tale of three luxury car companies, two are well funded profitably growing brands and one is in limp mode and I fear the future for Aston Martin is anything but rosy,” Ferrari is every billionaire celebrity’s favorite sports carmaker and its […]

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Despite German Auto Manufacturers’ Strengths, 2023 Prospects Look Challenging

Despite German Auto Manufacturers’ Strengths, 2023 Prospects Look Challenging. “However, even with some improvement assumed next year, the market will remain far below what was considered normal operating volume pre‐pandemic” Germany’s leading auto manufacturers have been reporting healthy profits, but as the investor-pleasing numbers rolled in, prospects for 2023 looked cloudy at best.   Berenberg […]

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Tesla Model Y review

Tesla Model Y Long Range Dual Motor review

Tesla Model Y Long Range Dual Motor review. For – huge battery range, great drive, competitive price, impressive quality. Against – poor highway range, harsh ride. ***** Price – £60,490 Competition – Ford Mustang Mach E, Audi Q4 e-tron, Skoda Enyaq, VW ID.4, Volvo XC40 Recharge, Kia EV6, Hyundai Ioniq 5, Genesis GV60 Tesla’s latest, […]

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Most Internationals Desert Paris, But China Turns Up In Strength

Most Internationals Desert Paris, But China Turns Up In Strength. “(Mondial de l’Automobile mainly a Franco-Chinese show for cars and small urban vehicles” The biennial Paris Auto Show was a slimmed-down shadow of its former pre-Covid self, although it probably didn’t expect its return to coincide with a European economy about to dive into recession, […]

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Europe’s Electric Car Revolution Demands Affordability But Paris Didn’t Oblige 

Europe’s Electric Car Revolution Demands Affordability But Paris Didn’t Oblige. “Due to rising raw material and production costs, (prices) for electric vehicles are unlikely to fall in the medium term” Europe’s electric car market looks very healthy at this early stage in its life, but long-term success requires cars and SUVs that are affordable for […]

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Genesis GV60

Electric Genesis GV60’s Battery Prowess Won’t Worry Europeans

Electric Genesis GV60’s Battery Prowess Won’t Worry Europeans. “The closest competition could come from the likes of NIO, though that would be competing for a similar customer demographic that are prepared to try something new” Genesis wants the GV60 electric car to lead its charge into the European premium market, and although the car is […]

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European Auto Industry Faces Falling Sales, But Bigger Hit To Profits.

European Auto Industry Faces Falling Sales, But Bigger Hit To Profits. “Markets are trying to fight off the expected downturn. With global inflation running higher than economists would prefer, slower sales have raised the specter of a recession. European auto manufacturers face a big hit to their businesses as recession looms and inflation eats away […]

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Car Makers Cut Sales Forecast; Seek Government Help, Electric Charging Subsidy.

Car Makers Cut Sales Forecast; Seek Government Help, Electric Charging Subsidy. “To ensure a return to growth – with an even greater share of electric vehicle sales so climate targets can be met – we urgently need the right framework conditions” Europe’s carmakers expect sales in the European Union (EU) to slip 1% this year […]

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