World news about “Car industry in crisis” published by euronews.
Another grim month of European car sales European new car sales plunged again last month, dragged down by the region’s recession and record unemployment, The industry suffered its worst May in 20… 18/06/2013
European car sales crisis spreads to the north European car sales continue to tumble and the problem is spreading from southern countries to the more prosperous north. For the whole region… 17/04/2013
Renault agrees no factory closures Renault has signed a deal with three unions to avoid factory closures. The French car-maker signed the agreement with Force Ouvriere, CFE-CGC and … 14/03/2013
Peugeot to get state aid, but with conditionsPSA Peugeot Citroen has got temporary approval from Brussels for some of the state aid it is being offered by the French government. The European… 11/02/2013
Italian productivity blues Productivity is Italy’s biggest problem and will be the next government’s biggest challenge. Industrial production is down, and labour productivity is not… 08/02/2013
Toyota looks to profit boost Toyota has raised its annual net profit forecast by more than 10 percent. It is now looking at the equivalent of 6.6 billion euros for the year. That is… 05/02/2013
Fiat drives for luxury and full Chrysler ownership Fiat’s latest results showed a reduction in losses in Europe in the fourth quarter, as it unveiled a greater emphasis on the recession-proof luxury market… 30/01/2013
Toyota is number one again Toyota has regained the number one spot for worldwide sales. Last year drivers bought 9.75 million of its vehicles. As a result the Japanese carmaker… 28/01/2013
European car sales slump in 2012 Grim numbers have been released by the auto industry for 2012. They reveal that car sales in France, Spain and Italy fell to their lowest levels in… 03/01/2013
Brakes ease on Europe’s car market The brakes have eased on Europe’s new car market. The European Automobile Manufacturers Association’s figures show the market shrank at a slower pace in… 16/11/2012
European Commission agrees to support ailing European car industry Peugeot, Opel, Ford … successive closures in Europe mean the car sector is struggling. In an action plan presented today, the European Commission committed to… 08/11/2012
Eurozone factory downturn deepens There was no respite for the eurozone economy, as manufacturing in the region shrank for the 15th month running in October. Surveys of factory managers… 02/11/2012
Peugeot Citroen gets government rescue The French government is to provide struggling carmaker PSA Peugeot Citroen with seven billion euros in financial guarantees. It is part of 11.5 billion… 24/10/2012
Japan’s exports sound warning note for economy Japan’s September exports fell by more than the median forecast, 10.3%, and the Bank of Japan governor today said the economy was “leveling off”. It is just… 22/10/2012
European car sales slump deepens With fewer visitors to the motor shows and the showrooms, the latest figures prove how fast Europe’s new car market is shrinking. In September sales… 16/10/2012
Antonio Tajani on SMEs, strategy and new economy Serge Rombi: “Hello and welcome. We’re with Antonio Tajani, a vice-president of the European Commission and Commissioner for Industry and Entrepreneurship… 15/10/2012
Fiat boss warns of rough road ahead The head of the car giant Fiat has warned that the European motor industry is facing an outlook that is far from rosy. Sergio Marchionne said car sales have… 12/10/2012
German car sales slide again Car sales in Germany continue to fall. In September they were down by two percent from the same month last year, taking into account the fact that there were… 02/10/2012
Shackled: bus factory protest – nocomment Workers at the Irisbus bus factory chained themselves to railings in front of the presidential palace in Rome to protest against the closure of their plant. 02/10/2012
Fiat confirms Italian investment plan at risk Italian carmaker Fiat has again said all bets are off as far as its 2010 “Fabricca Italia” project goes. After stunning the workforce and markets alike by… 17/09/2012
Peugeot recovery plan report says job cuts inevitable Job cuts and restructuring at PSA Peugeot Citroen are unavoidable to safeguard its future. That is the conclusion of an expert report into its financial… 11/09/2012
Car industry’s bumpy road, who’s to blame? I’m Chris Burns and welcome to The Network where we connect into a matrix of newsmakers to get to the heart of an issue. Let’s take a look at the issue… 05/09/2012
Detroit: Bailing out the American Dream Detroit, better known as the Motor City or simply Motown, is a city which for decades stood as a symbol of the American dream. Ford, General Motors and… 30/08/2012
Fiat extended closure underscores sales ‘crisis’ Fiat says its Pomigliano plant, near Naples will remain shut for another two weeks after the usual summer holiday closedown. That is not as dramatic as… 18/07/2012
The road ahead as European car sales stall PSA Peugeot Citroën may have been the first in Europe to announce lay offs and a plant closure, but industry watchers say it will not be the last. Sales in… 17/07/2012
Carmakers’ dilemma: too many plants, too few buyers Peugeot’s 8,000 job cuts and closure of a plant near Paris comes as cash strapped Europeans buy fewer new cars and the region’s manufacturers ponder what to… 12/07/2012
Crisis hits Peugeot Citroen’s sales Struggling French carmaker PSA Peugeot Citroen’s deliveries in the first half of the year tumbled as Europe’s economic downturn kept buyers out of the… 06/07/2012
Job cut report drives up Peugot Citroën’s stock PSA Peugot Citroën’s shares gained on a report that it is to cut more jobs than originally planned this year in France, up to 10,000. With European car… 03/07/2012
Writing on wall for Opel’s Bochum plant Anxious workers at Opel’s Bochum factory, one of four the General Motors-owned subsidiary has in Germany, are worried the axe is about to fall on their… 21/05/2012
Bumpy road ahead for Peugeot Citroen Tough times at PSA Peugeot Citroen which saw sales fall seven percent in the early part of the year and says things will be difficult until at least the… 25/04/2012
Opel-Vauxhall closure uncertainty continues The uncertainty continues for thousands of workers at Opel and Vauxhall. US parent company General Motors — fed up with years of steep losses — is… 28/03/2012
Struggling carmakers want Europe-wide overcapacity fix At the Geneva motor show the latest models being unveiled on stage were just window dressing for some who see an industry in crisis. Sliding sales and… 07/03/2012
Mitsubishi puts the brakes on European production Mitsubishi Motors has said it will stop production at its only factory in western Europe at the end of this year. The Netherlands Car, or NedCar, plant in… 06/02/2012
European car sales decline accelerates Fewer car were driven out of showrooms around Europe in December as increasingly worried consumers held off making major purchases. Vehicle sales tumbled… 17/01/2012
Saab reaches end of the road The Dutch owner of Saab has filed for bankruptcy, ending a nine-month battle to rescue the struggling Swedish carmaker. That comes after Saab’s former… 19/12/2011
End of the road for Saab? How close is Saab to reaching the end of the road? Several reports say the administrator in charge of the Swedish car maker’s restructuring under court… 11/10/2011
Bankruptcy protection is Saab’s last hope Saab seems to be creeping closer to the end of the road. The Swedish carmaker, which is seeking to stave off its creditors, has filed for bankruptcy… 07/09/2011
Chinese order is lifeline for Saab There is a glimmer of hope for Saab as a big new order will enable it to pay wages and suppliers and resume making cars. Last week Saab said it did not have… 27/06/2011
Saab crisis deepens as wages go unpaid Unions at Saab are threatening legal action if workers at the troubled car firm are not paid their wages by Monday. Saab says it cannot pay the employees… 23/06/2011
Japanese May car sales worst since 1968 Japanese auto sales fell by a third in May to their lowest total for that month since 1968. The slump came as car makers struggled to restart production… 01/06/2011
Goodyear plant closure in France to put many out of workTyre maker Goodyear has confirmed its intention to close a plant in France which will mean job losses for almost 1,200 people. Near the northern city of… 31/01/2013
New car sales plummet to record lowsCar sales across most of Europe’s biggest manufacturers have dropped again for the 14th consecutive month. Over the last eleven months, there has been a 10… 14/12/2012
European carmakers apply the brakesThe carnage continues among carmaker with Ford saying on Thursday that would cut its production capacity in Europe by 18 percent; that is 355,000 vehicles a… 25/10/2012
Peugeot-Citroen to open talks with French unionsThe head of French car maker PSA Peugeot-Citroen has agreed to open talks with unions following the announcement of cuts that will result in the loss of 8,000… 25/10/2012
No more black cabs for London?The company that makes London’s iconic black cabs is set to call in the receivers. Manganese Bronze, based in the West Midlands of England , has not made a… 23/10/2012
PSA workers protest at Paris Motor ShowThe Paris Motor Show has opened, and with it a demonstration by some disgruntled employees of PSA Peugeot. Around 50 workers gathered at the entrance to the… 29/09/2012
European car sales stuck in the slow laneAugust was another bad month for European car sales, with Ford taking the biggest battering. The total number of vehicles being driven out of showrooms was… 18/09/2012
Nissan recalls cars after steering wheel comes looseNissan has recalled 51,000 cars after a steering wheel came loose in a driver’s hands while the vehicle was on the road. The recall affects Nissan’s… 13/09/2012
GM told cut your losses with Opel-VauxhallDump Opel and Vauxhall – that was the blunt message to General Motors from analysts at Morgan Stanley. They point out that GM’s decision not to sell its… 07/09/2012
Europe sneezes and the US catches a coldLosses hitting European car makers are also being felt by the industry in the US. Ford, which is America’s second biggest car company has reported a 57… 26/07/2012
Green dream to save French car industryThe French government is banking on green technology to prop up its ailing automotive industry. But there are doubts subsidies for electric and hybrid cars… 25/07/2012
More problems for Peugeot CitroenEurope’s second biggest car maker has posted losses of 819 million euros for the first half of the year – almost four times as much as experts had… 25/07/2012
More woes for Peugeot CitroenEurope’s second biggest car maker has posted losses of 819 million euros for the first half of the year – almost four times as much as experts had… 25/07/2012
French minister calls for Peugeot job cut u-turnThe French government has urged PSA Peugeot Citroen to rethink its plans to cut jobs and close its plant in Aulnay, just outside Paris. Arnaud Montebourg… 13/07/2012
European car sales still stalledPassenger car sales in Europe slumped 16.6 percent in October, with no more government scrappage schemes to encourage drivers into showrooms. The European… 16/11/2010
Recovery boosts Volvo truck salesVolvo’s shipments of trucks were up by 44 percent in May compared with the same month last year. The world’s second biggest lorry maker said the increase… 16/06/2010
Scrapping schemes distort EU car salesThere was a massive variation in new car sales around European Union last month as various governments ended their scrapping schemes, intended to support the… 15/06/2010
Spyker shareholders approve Saab purchaseShareholders in Spyker have approved the 55 million euro purchase of Saab from General Motors. The meeting held behind closed doors was convened to approve… 12/02/2010
Opel workers protest at Brussels motor showA group of workers from the Opel factory in Antwerp, which parent company General Motors is closing this year, have disrupted the Brussels motor show. About… 25/01/2010
Opel confirms intention to close Belgian plantBeleaguered car maker Opel has confirmed it intends to close its assembly plant in the Belgian port city of Antwerp. It is a devastating blow but not a… 21/01/2010
Saab workers protest GM closure signalsThousands of Saab workers have demonstrated outside their factory in Trollhattan, Sweden as General Motors sent the clearest signals yet that it intends to… 12/01/2010
GM’s Henderson walks after a failed eight monthsFritz Henderson has resigned his post as Chief Executive of General Motors after just eight months behind the wheel. Company directors agreed that the… 02/12/2009
GM will want Opel state aidGeneral Motors has said it still wants state aid to help restructure its European division, Opel and Vauxhall. That statement came despite the German… 13/11/2009
Politicians seething over GM U-turnGM’s decision to keep Opel has left politicians in Moscow and Berlin seething. The Kremlin is hinting that it believes GM no longer has the right to… 04/11/2009
GM’s move to claw back Opel angers almost everybodyA U-turn by General Motors over the sale of Opel – which includes Vauxhall in the UK – has been met with hostility and anger in Germany. GM first said in… 04/11/2009
Ford surprises with quarterly profitThe only major US automaker that avoided bankruptcy this year has surprised Wall Street with a quarterly profit. Ford has also raised its outlook to what… 02/11/2009
US car sales slow GM and Chrysler sufferUS car sales have dived by 23 percent with General Motors and Chrysler hit hard. Sales for the car giants, just emerging from bankruptcy, have both dropped… 02/10/2009
European protest by job-threatened Opel workersOpel car-workers and union leaders from across Europe have gathered in Belgium to protest against plans to cut thousands of jobs. The production line in… 23/09/2009
European car sales upEuropean car sales rose for a third straight month in August. New industry figures show they were up by three percent. But for the first eight months… 15/09/2009
Cautious optimism from Toyota and BMWMixed news from the car industry – Toyota and BMW have just unveiled better than expected quarterly results, but both remain cautious about the future with… 04/08/2009
Carmakers optimistic despite weak earningsMore weak results have been released by carmakers but they are predicting improved conditions for rest of this year. Europe’s largest manufacturer… 30/07/2009
Some signs of car sales recoveringThe latest earnings from some of the world’s biggest carmakers suggested the industry may be past the worst of the slump. Germany’s Daimler said it is… 29/07/2009
