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Call For Action To Shake-Up Europe Industry Falls On Deaf Ears

“difficult to envisage any capacity actions in the current environment” The European Auto Industry’s perennial and chronic over-capacity crisis means it is being kept bloated, unprofitable and afloat because whenever a financial crisis requires resolute action, craven governments step in with taxpayers money for a bailout. It’s like the bank of Mom and Dad writ […]

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Ford Europe Says Overcapacity Still Blights Industry

But Governments Unlikely To Act, Fearing Political Ramifications “excessive discounting only devalues brands and helps weaken the entire industry in the longer run” BILBAO, Spain – The European car industry’s chronic overcapacity, far from being addressed, has worsened since the onset of the recession, according to John Fleming, Chairman and CEO of Ford Europe. Fleming didn’t […]

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