ACEA president and Renault CEO Luca De Meo pictured during a press conference at the European … [+] Automobile Manufacturers Association (ACEA – Association des constructeurs europeens d¿a...
Tag: LMC Automotive
European Automakers Face Hurdles In 2023 As China Threat Looms
Recession in the EU? getty The European automotive industry faces a tough year. Will there be a full-blown recession or just a mild one? One leading manufacturer warns of factory closures in 2023, ano...
In December, Automakers Sell Cars, Trucks As Fast As They Can Build ‘Em
A Ford Explorer pickup being built at Ford Motor Co.’s Chicago Assembly Plant. Ford photo A larger supply of new cars and trucks enables a U.S auto sales increase of just over 5% in December, vs...
Recession Threatens Europe’s Auto Makers But Hopes For A Mild Downturn Revive
Digital generated image of financial line charts falling down because of coronavirus COVID-19 on … [+] blue background. getty Who’d be a shareholder in a European automotive manufacturer? It’s n...
Black Friday Lite Won’t Do Much To Boost November Auto Sales
The sign in the window says Black Friday, but this year, big discounts that characterized past Black … [+] Friday promotions are largely absent, especially big lease deals. LightRocket via Getty...
Europe’s Carmakers Brace For 2023, While VW Volume Brands Could Lose Money
Recession ahead – road sign warning concept Getty Europe’s carmakers have already written off 2022 as a down year for volumes, despite many posting increased profits in the third quarter. But an...
Europe’s Car Makers Cut Sales Forecast; Seek Government Help, Electric Charging Subsidy
Oliver Zipse, CEO of BMW is also president of ACEA. He is standing in front of a BMW i4 electric car … [+] (Photo by TOBIAS SCHWARZ/AFP via Getty Images) AFP via Getty Images European carmakers ...
Europe’s Energy Crisis Threatens To Decimate Disposal Incomes And Car Sales
Flaming gas burners on household kitchen stove with an exchange graph of the growth in the cost of … [+] natural gas prices getty European disposal income could be trashed by a massive increase ...
European Auto Makers Insist Profits Are Safe, But Storm Clouds Gather
02 August 2022, Bendorf: The tugboat “Alorba” passes the island of Graswerth in the Rhine River near … [+] the city of Koblenz. The water level is dropping and the river banks are dr...
Monthly Car Payments Top $1,000 For Many, Edmunds Says
More than 10% of new vehicles financed last month had a monthly payment of $1,000 or more, a record, … [+] according to Edmunds. Getty Images We’re all aware by now, consumers are in a bidding w...
Europe Auto Makers Fight Off Crises But Inflation, Recession, Energy Shock Undermine Prospects
Oil barrels on stack of golden coins. Growth rise of oil stock prices. 3d illustration getty The European automotive industry, buffeted by coronavirus lockdowns, worries about peace after Russian inva...
Europe Car Sales Forecasts Slashed Again, But Global Supply Improvements Promise Relief
Containe ships, Shanghai getty As European short-term car sales forecasts are slashed again because of China and Russia, investors worry that by the time supply chain horrors have subsided, underlying...
Europe Car Forecasts Turn Negative, While Electric Sales Growth To Stall
Electric car sales in Western Europe are set to stall. getty Sales prospects for cars and SUVs in Western Europe are fading fast with forecasts dropping into negative territory as economic prospects w...
Ukraine War Adds To Auto Industry Gloom As Sales Forecasts Slashed Again
Luxury vehicles, like this Rolls-Royce Cullinan SUV, will perform better than mass-market cars as … [+] sales come under pressure. getty 2022 was supposed to herald a return to normality for car...
Auto Sales Fall Again In March; Chips Are Down, Prices Are Up
A 2021 Chevrolet Tahoe on the assembly line at GM’s Arlington Assembly plant. Photo: GM U.S. auto sales are expected to fall more than 25% in March vs. March 2021, due to the shortage of new cars and ...
Rosy European Auto Sales Scenarios Ditched After Russia/Ukraine Shock
Illustration of the crisis concept with a businessman in panic getty Experts are ripping up their automotive sales forecasts as hopeful and improved scenarios helped by the fading coronavirus pandemic...
Ambitious Electric Car Sales Targets May Fall Short And Reprieve ICE Power; Report
Portrait of impatient young woman charging her electric car getty Automakers have over-estimated the market for electric vehicles and will waste millions as they are eventually forced to reinstate pla...
European Car Sales Rally Expected, But Strong Electric Performance Jeopardized By Charging Sloth
Oliver Zipse, CEO of BMW, and an i4 electric car. Zipse warned the charging network is developing … [+] too slowly (Photo by TOBIAS SCHWARZ/AFP via Getty Images) AFP via Getty Images Two high-pr...