Car sales in Europe rose 6 percent in September, helped by automakers’ price cuts and strong demand in the region’s top markets of Germany, the UK and France.
New passenger-car registrations in the EU and the countries of the European Free Trade Area (EFTA) increased to 1.27 million vehicles last month, industry association ACEA said today in a statement.
German automaker Volkswagen will recall more than a million cars in China and the United States due to a defect in the rear axles, a company spokesman said.
Serbian Prime Minister Aleksandar Vucic said there was a possibility of an export quota being agreed with Russia for Fiat cars manufactured in Serbia.
Currently exports to Russia from Serbia have high customs duties because a free trade agreement between the two countries excludes automobiles.
Volvo Cars said it will add 1,300 jobs and boost production at a plant in Sweden in the first quarter to meet rising demand for new cars, including the new flagship XC90 SUV.
By Ben Levisohn
The key to going fast is to “speed smart cause we don’t want to wreck,” Daniel Johnston sang in “Speeding Motorcycle.”
