At the last Frankfurt auto show in 2011, the big story was not the cars, but the euro zone crisis and specifically how the continent’s car companies could survive. This year, the crisis is waning but caution remains.
Tag Archives: EU Economy
Faurecia plans to close 8 plants
Faurecia, the French supplier controlled by PSA/Peugeot-Citroen, will close eight car seat factories over the next four years, sources familiar with the plan said.
European car sales fall 6% to 17-year low in June
European passenger car registrations fell by 6.3 percent in June to a two- decade monthly low as the region’s weak economy hurt demand at automakers including Volkswagen, Opel, Fiat and PSA/Peugeot-Citroen.
Seat proposes cutting working hours at Spain plants
Volkswagen Group’s Seat division is asking workers to take turns to stay at home in order to cope with weak demand.
