Volvo CEO Samuelsson: “We are flexible enough to cope with the slightly lower volumes [in Europe] right now.” He says the company’s car production footprint in Europe is safe despite the region’s chronic overcapacity.
Tag Archives: Europe
study says Europe’s new-car sales to grow 2.5% in 2014
European vehicle sales are likely to grow in 2014 for the first time in seven years, though unemployment and the lingering impact of sovereign debt problems will limit the extent, a think tank affiliated with Hyundai Motor Group said.
Asian Small SUVs to put pressure on Opel, Peugeot and Renault
Europe’s booming subcompact SUV/crossover segment has become a bright spot for brands such as Opel, Peugeot and Renault, but now their Asian rivals plan to make life tougher.
Europe’s September car sales offer recovery hope
New-car registrations in western Europe rose 5 percent to 1.13 million units in September, pointing to a modest rebound for auto sales in the region, market forecaster LMC Automotive said.
Ford wants Vignale line to propel brand upmarket in Europe
Vignale badged cars will be priced like Ford’s performance ST models but attract different customers.
Volume automakers aim to move upmarket in Europe as a way to boost profits in a domestic market set to decline for a sixth consecutive year.
