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DARPA awards Phase 2 SBIR contract for HEV motorcycle prototype
January 20, 2015 By Neville -
Report: Hyundai to cut price of FCV in Korea to compete with Toyota
January 20, 2015 By Neville -
Nissan LEAF is best-selling EV in Europe for fourth year in a row
January 20, 2015 By Neville -
Ford of Europe designer Stefan Lamm joins VW’s Seat brand
January 20, 2015 By Sean -
Ford’s German production to raise as demand rebounds
January 20, 2015 By Sean
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Troubling headlines continue from European car manufacturers
The EU is having its’ problems and the auto industry is a very clear reflection of those problems. The car manufacturers have been trying, but it appears all their efforts in the Euro-zone are not bearing fruit.
Simply reading the headlines delivered by each manufacturer should make everyone question if the government leaders have a clue about what they are doing…or are they all so incompetent that a trained Chimpanzee could easily perform their job.
Here are some samples of headlines with short descriptions from many of the EU car manufacturers that I see every day. After being inundated with these it can start to distort your views, so we all need to cautious of that fact. These headlines were randomly selected from just Autonews Europe to illustrate the point. There are some bright spots in the news, but they are far outweighed by the bad news.
When situations like this occur, not only the manufacturers, but their employees and the employees families suffer as well.
Suzuki hasn’t posted profit in Europe since 2008, report says
Suzuki has failed to post a profit for its European operations in four years and cannot say when it will cease posting losses, its regional chief told a German business m …
Read more: http://europe.autonews.com/#ixzz2JsGzzAI6
Honda trims full-year profit forecast
Honda cut its full-year profit forecast as lower sales in China and Europe overshadowed the benefits from the weaker yen. Net income will likely be 370 billion yen ($4.1 …
Read more: http://europe.autonews.com/#ixzz2JsHJ8E1P
Autoliv says weak European car market will dent first-quarter sales
Autoliv said its sales in the first quarter of 2013 were likely to fall 4 percent due to weak European car markets.
Read more: http://europe.autonews.com/#ixzz2JsHXVEdY
Goodyear will close French plant on Europe troubles
Goodyear will close its main French plant and cut its work force in the country by 39 percent amid labor disputes and plunging auto demand in Europe. …
Read more: http://europe.autonews.com/#ixzz2JsHipGld
Declining January car sales sink European upturn hopes
New-car sales extended their declines in France, Italy and Spain last month, leaving little hope of a European auto market rebound anytime soon.
Read more: http://europe.autonews.com/#ixzz2JsHwpQLe
Europe: Bad and getting worse
LUCA CIFERRI: Fiat and Ford lost a combined 2 billion euros in Europe last year and both automakers expect this year to be even tougher. Ford predicts its 2013 European loss will rise to $2 billion while Fiat CEO Sergio Marchionne says that Europe “perhaps has not yet hit bottom.
Read more: http://europe.autonews.com/#ixzz2JsI8Bhkc
Spain new car sales fell 9.6% in January
Spanish new-car sales dropped 9.6 percent to 49,671 in January, car manufacturers’ association Anfac said.
Read more: http://europe.autonews.com/section/BREAKING01?profile=&date=20130201&d=1#ixzz2JsJViUBK
Ghosn sees long European slump unless region gets competitive
Renault CEO Carlos Ghosn said the European auto market won’t recover before 2020 unless governments take action to make their economies competitive.
Read more: http://europe.autonews.com/section/BREAKING01?profile=&date=20130130&d=1#ixzz2JsKKDtVb
VW plans further cuts in German Passat production
VW plans further temporary halts in production of the Passat in Germany in the coming weeks as a result of the weak European market.
However at the same time VW may hit their unit sales target for 2018, this year.
Read more: http://europe.autonews.com/section/BREAKING01?profile=&date=20130130&d=1#ixzz2JsKWcfzH
Cutbacks at PSA and Renault meet growing resistance
Labor tensions at France’s automakers took a turn for the worse as Renault workers protested over planned cuts and PSA/Peugeot-Citroen’s restructuring plan hit a legal setback
Read more: http://europe.autonews.com/section/BREAKING01?profile=&date=20130130&d=1#ixzz2JsKzEfmc
Ford posts $732 million quarterly loss in Europe, predicts worse 2013
Ford posted a fourth-quarter pretax loss of $732 million in Europe and expects 2013 to be even more difficult. Despite the troubles in Europe, the U.S. automaker had a fourth-quarter net income of $1.6 billion
Read more: http://europe.autonews.com/section/BREAKING01?profile=&date=20130129&d=1#ixzz2JsLQ0IVO
PSA-Toyota Czech car production falls 20% in 2012
TPCA, the Czech car assembly plant jointly owned by Toyota and PSA said production fell by a fifth to 215,000 vehicles in 2012 due to weak European demand. The plant, which employs 3,000 workers, makes the Toyota Aygo, Peugeot 107 and Citroen C1 minicars.
Read more: http://europe.autonews.com/section/BREAKING01?profile=&date=20130129&d=1#ixzz2JsLqLDqp
PSA halts car output in Slovakia on weak demand
PSA says it halted production in Slovakia for the day on Monday and will add another four stoppage days next month in response to weak demand across Europe. The automaker makes the Peugeot 207 and Citroen C3 Picasso models at the plant in the western Slovak town of Trnava
Read more: http://europe.autonews.com/section/BREAKING01?profile=&date=20130128&d=1#ixzz2JsM4Zp1f
Opel sales chief’s departure is further blow to troubled brand
Opel sales and marketing chief Alfred Rieck has quit his post, marking another high-profile departure for the troubled brand. Opel named Duncan Aldred as interim head of sales and marketing.
Read more: http://europe.autonews.com/section/BREAKING01?profile=&date=20130128&d=1#ixzz2JsMJ2f00