But Worst Case Scenarios Reined In A Bit; Maybe A Squall, Not A Storm Double-Dip Recession Feared As Consumer Confidence Weakens The impact from scrapping incentives is about to run out just as European governments start to slash spending to cut budget deficits; fasten your safety belts as the roller-coaster edges towards the scary, plunging […]
Tag Archives | Car-Sales
Europe Unlikely To Follow U.S. Purge Of Jobs, Brands
Wave Of Consolidation Predicted, But Not Just Yet “(restructuring) is absolutely essential if automotive companies want to achieve lasting stability and avoid future crises” BILBAO, Spain – Everybody agrees that Europe’s car industry needs to dump unprofitable and excessive capacity. Everybody also agrees that nothing will be done. The political price is simply too high. The […]
Strong Europe Car Sales Data Hides Imminent Dive
End Of Scrapping Subsidies Shows Pain Only Postponed Opel-Vauxhall Goes From Bad To Worse “As we speak, the whole thing is falling off a cliff” After a sturdy but subsidy-induced first quarter for European car sales, the market is about to turn nasty and Ford and GM’s European subsidiaries are poles apart as they prepare […]