Europe’s Big Auto Makers Insist The Future Is Bright, Despite Gathering Storm. Most big European auto manufacturers reported a mixed profit performance in the first half of 2022 as they emerged from coronavirus lockdowns and a semiconductor shortage. Forecasts for the rest of the year were surprisingly positive, despite worries about peace after Russian invaded […]
Tag Archives | European
Auto Makers Fight Off But Inflation, Recession, Energy Undermine Prospects
Auto Makers Fight Off But Inflation, Recession, Energy Undermine Prospects. “From next year, we forecast recovery, though recent statistics and the latest news on ongoing supply issues, lead us to remain cautious. Another concern relates to underlying demand, which has weakened in recent months as the economic outlook has deteriorated,” The European automotive industry, buffeted […]
Europe Forecasts Turn Negative, While Electric Car Sales Growth To Stall
Europe Forecasts Turn Negative, While Electric Car Sales Growth To Stall. “The consensus view prior to the Russian invasion was a growth rate of between 10 to 15% this year over 2021. This is now expected to be halved” Sales prospects for cars and SUVs in Western Europe are fading fast with forecasts dropping into […]
Rosy European Auto Sales Scenarios Ditched After Russia/Ukraine Panic
Rosy European Auto Sales Scenarios Ditched After Russia/Ukraine Panic. “electric car sales are expected to remain strong, which is another way of saying this is a high-end market unrelated to normal people’s everyday needs” Experts are ripping up their automotive sales forecasts as hopeful and improved scenarios helped by the fading coronavirus pandemic are being […]
European Car Sales Rally Expected, But Electric Performance Threatened
European Car Sales Rally Expected, But Electric Performance Threatened. “There are certainly headwinds to more robust underlying demand too, such as concerns over Omicron, or inflation putting pressure on household budgets, for example,” Two high-profile automotive opinion formers expect car sales in most of Europe to rally strongly in 2022 but to still be way […]
Europeans Manufacturers Need Small Electric Cars Despite Profit Problem
Europeans Manufacturers Need Small Electric Cars Despite Profit Problem. “Get ready for the $3,000 to $5,000 EV?” European manufacturers are in danger of conceding the mass market for electric cars to China as they relentlessly try and reinvent the traditional car while ignoring likely big changes in mobility habits. As European carmakers spend billions motoring […]
Europe’s Auto Industry Needs Quick End To Suez Blockage
Europe’s Auto Industry Needs Quick End To Suez Blockage. “This blockage will add more pressure to an industry already facing multiple supply chain risks from semiconductor shortage, rising shipping costs, long port delays due to Covid-19” The European auto industry in general and Italy, Spain and Turkey’s in particular look vulnerable to any extended delay […]
Take A Bow Toyota, You Win With EU 2020 Sales Down Only 12.8%
Take A Bow Toyota, You Win With EU 2020 Sales Down Only 12.8%. “2020 saw the biggest yearly drop in car demand since records began, with new-car registrations falling by 3 million compared to 2019 The prize for the most successful big auto manufacturer in the European Union (EU) for 2020 was Toyota with sales […]
EU, British Auto Makers Say Free Trade Deal Failure Will Cost $130 billion
EU, British Auto Makers Say Free Trade Deal Failure Will Cost $130 billion. “ONS data shows WTO might not be a disaster for U.K. Auto” The European Union (EU) and Britain must urgently seal a free-trade trade deal because failure would cost Europe’s automotive industry about €110 billion ($130 billion) in lost trade over five […]
Europe Bottoms Out, But Bloated Industry Needs To Slash To Survive
Europe Bottoms Out, But Bloated Industry Needs To Slash To Survive. “The fact remains the Western European auto market is in deep crisis” Europe’s carmakers look like avoiding the worst predictions of coronavirus disaster, but that won’t avoid severe pain in the industry because it has too many factories and workers and needs cuts to […]