Car industry

    • German car industry remains pessimistic

      German car industry remains pessimistic

      Germany’s automotive industry remains pessimistic, shows the result of the Munich-based ifo Institute’s latest Business Survey. Participants in the survey still assess their current business situation as worse than during the financial crisis in 2009. 

      125
    • Macron presents a €8bn plan to save French car industry

      Macron presents a €8bn plan to save French car industry

      French President Emmanuel Macron on Tuesday unveiled a plan worth €8bn to save the country’s car industry from huge losses by virus lockdowns, news wires reported. The plan envisages a big boost for electric vehicles. “Our country wouldn’t be the same without its great brands Renault, Peugeot, Citroen,” Macron declared, announcing a goal of making France the leading producer of “clean” cars in Europe.

      105
    • EU car sales suffer record drop in April

      EU car sales suffer record drop in April

      Sales of new cars in the European Union dropped by 76.3% in April, the European Automobile Manufacturers Association (ACEA) has said, linking the unprecedented year-on-year drop to restrictions imposed to prevent the spread of COVID-19. As it added, just around 270,000 new cars were registered last month, compared to 1.14m in April 2019.

      140
    • Italian auto suppliers eager to resume production before 4 May

      Italian auto suppliers eager to resume production before 4 May

      As coronavirus lockdowns across the continent begin to ease and the European car industry is preparing to restart its engines, automotive suppliers in Italy do not want to be left behind, dpa reported. China-owned Volvo Cars and Germany's Volkswagen Group, the market leader in Europe, are among the manufacturers who have announced plant reopenings in the coming days.

      149