Cars
It was bound to happen sooner rather than later. The European sovereign debt crisis that started in Greece and spread to other countries including Cyprus, Portugal, Ireland and Spain, is beginning to have a deeper effect on companies like Volkswagen.
- European Economic Crisis May Lead To Delay Of Bentley And Lamborghini Suvs
The ongoing European debt crisis was bound to touch even Germany's finest in one way or another. While Europe's biggest carmaker, the Volkswagen Group, doesn't have a problem yet, the company's decision makers believe it's wise to...
- Debt-stricken Greece Wants To Build A Formula 1 Racing Track In The Peloponnese
Greece is the country that’s been hit the hardest by the debt crisis that has brought a lot of unrest in Europe, threatening even the existence of the Eurozone itself. For the past three years, successive governments have imposed heavy taxes and...
- Spain Increases Sales Tax To 21 Percent In Order To Reduce Deficit, Car Sales Plummet By 28 Percent
Europe's southern countries, i.e. Spain, Portugal, Italy and Greece, have been hurt the most by the economic crisis that has hit the Old Continent. In an effort to reduce the public deficit by €65 billion (US$82 billion) by the end of 2014,...
- Polk Estimates Global Vehicle Sales To Reach 77.7 Million Units In 2012, And 96.3 Million In 2016
The analyst gurus at R. L. Polk & Co have issued a new forecast for global vehicle sales in 2012. The automotive market intelligence firm predicts that sales are expected to rise 6.7 percent over 2011 volumes to 77.7 million vehicles, thanks to the...
- European Car Registrations Drop 8.1% In June Amidst Economic Crisis
The latest figures form ACEA, the Brussels-based European carmakers’ lobby, show that the economic recession in Europe has taken its toll on automobile sales. In June, new passenger car registrations dropped by a significant 8.1% across the EU,...
Cars
Euro Debt Crisis Reaches VW's Front Door, Cuts 2012 W. European Sales Target by 140,000 Vehicles
It was bound to happen sooner rather than later. The European sovereign debt crisis that started in Greece and spread to other countries including Cyprus, Portugal, Ireland and Spain, is beginning to have a deeper effect on companies like Volkswagen.
The continent's largest carmaker has cut its internal 2012 sales target for Western Europe by up to 140,000 vehicles, the German news daily Handelsblatt reported on Friday.
Read more »- European Economic Crisis May Lead To Delay Of Bentley And Lamborghini Suvs
The ongoing European debt crisis was bound to touch even Germany's finest in one way or another. While Europe's biggest carmaker, the Volkswagen Group, doesn't have a problem yet, the company's decision makers believe it's wise to...
- Debt-stricken Greece Wants To Build A Formula 1 Racing Track In The Peloponnese
Greece is the country that’s been hit the hardest by the debt crisis that has brought a lot of unrest in Europe, threatening even the existence of the Eurozone itself. For the past three years, successive governments have imposed heavy taxes and...
- Spain Increases Sales Tax To 21 Percent In Order To Reduce Deficit, Car Sales Plummet By 28 Percent
Europe's southern countries, i.e. Spain, Portugal, Italy and Greece, have been hurt the most by the economic crisis that has hit the Old Continent. In an effort to reduce the public deficit by €65 billion (US$82 billion) by the end of 2014,...
- Polk Estimates Global Vehicle Sales To Reach 77.7 Million Units In 2012, And 96.3 Million In 2016
The analyst gurus at R. L. Polk & Co have issued a new forecast for global vehicle sales in 2012. The automotive market intelligence firm predicts that sales are expected to rise 6.7 percent over 2011 volumes to 77.7 million vehicles, thanks to the...
- European Car Registrations Drop 8.1% In June Amidst Economic Crisis
The latest figures form ACEA, the Brussels-based European carmakers’ lobby, show that the economic recession in Europe has taken its toll on automobile sales. In June, new passenger car registrations dropped by a significant 8.1% across the EU,...