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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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German Auto Breathes Again As Coalition Eschews Radical Policies

German Auto Breathes Again As Coalition Eschews Radical Policies. “When I first glanced through the coalition agreement, I liked the sound of three numbers: 15 million electric cars, I million charging points and 80% renewable energy,” German automakers were breathing a collective sigh of relief as a new three-party coalition government appeared to hold off […]

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Will Europe Turmoil Spur Merger Frenzy?

Will Europe Turmoil Spur Merger Frenzy? “From PSA’s perspective, we believe it is better to wait for the U.S. cycle to roll, potential U.S./EU trade uncertainties to clear, and on top of this for FCA’s North American inventories issues and upcoming EU emission headwinds to play out” The global auto industry is currently having a […]

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Is The Automotive Industry’s ‘Golden Era” For Profits Over?

Is The Automotive Industry’s ‘Golden Era” For Profits Over? “We will look back on the last few years as a true “golden era” for industry profitability. And possibly for auto sector analysts” The automotive industry has made stacks of money recently thanks to a combination of unprecedented success in China, easy credit and the accelerating […]

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