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 […]
Tag Archives | European
Europe Outlook Dull As Incentive End Clouds Forecasts
Recession Looks Mild By Historical Standards Opportunity To Tackle Overcapacity Spurned, So Far European car sales will slide at a slightly quicker rate in 2010, but forecasters are confused about the impact of the ending of government subsidised car scrapping schemes. One key ingredient missing from the current dip in car sales is any sign […]
Despite Recent Surge, Europe’s 2010 Car Sales Set To Dive
Germany Expected To Slide More Than 25 Per Cent Some Still Say Scrapping Didn’t Steal Sales Car sales in Western Europe may have zoomed almost nine per cent in September, but this looks very much like the zenith of a shooting star about to return to earth. According to forecaster J.D.Power, government scrapping incentives induced […]
China Looks To Sweden For Way Into European Market
Volvo Wanted by Geely, SAIC Said To Fancy Saab Stake Two Chinese suitors are seeking to invest in Swedish automotive companies Volvo and Saab. Geely Automotive said it wants to bid for Ford Motor Co’s Volvo, while press reports in Hong Kong said SAIC Motor Group is thinking about taking what was described as a […]
May Sales In Europe Spurt, But Bad Vibes Build For 2010
J.D.Power sees 13 million in 2009, diving under 11.5 million in 2010. Government scrapping incentive schemes have rescued Western European car sales for the moment, but investors believe this has mainly been achieved by bringing sales forward and expect 2010 to be the year when reality will assert itself. John Lawson, analyst with Citigroup Global […]
European Auto Financial Results For 2008 Will Shock
Only VW Will Be In The Black, Thanks To A Little Trickery. Renault In Trouble As Megane, Laguna Flop. If you thought you were ready for the worst because of the horrendous sales performance of Europe’s car manufacturers in the 4th quarter of 2008, even you are about to be shocked, according to Bernstein Research of […]
Weak Pound To Slash $2.1 Billion More From Europe Profits
VW Takes Biggest Hit, Followed by Mercedes, BMW, Peugeot. Successful exporters of cars to the U.S. have agonised for years about how to best mitigate the effect on their profits of a weak dollar. BMW and Mercedes have invested huge sums building factories in the U.S. VW is currently doing the same. But as the […]