The outlook for the global auto industry is fairly bright, but government interference is clouding the picture in Europe and China, Philippe Houchois, UBS Head of European Automotive Research, told the Automotive News Europe Congress here.
“The industry now looks fairly attractive from a growth perspective,” Houchois said. “Risk management has improved, and growth is structurally higher.”
Chinese carmaker Qoros expects to sell more than 10 percent of its cars in Europe.
PSA/Peugeot-Citroen will defend its position as Europe’s No. 2 carmaker after Volkswagen Group, CEO Carlos Tavares said at the Automotive News Europe conference.
Vmax200 recently organized a supercar can run on the two-mile runway at Bruntingthorpe Proving Ground and there was a very impressive list of supercars.
General Motors internal probe of its delay in recalling vehicles with defective ignition switches linked to at least 13 deaths said senior managers were not to blame, a person familiar with the matter told Reuters on Thursday.
