Cars
Luxury Carmakers Lower 2013 Projections due to the Eurozone Debt Crisis
Premium brands continue to roll out one model after another as fast as they can. In the past year alone, Porsche has revealed its brand-new 911 in four versions (with more still to follow), Bentley the Continental GTC open-top and Ferrari, its fastest model ever, to name but a few. Moreover, the battle at the hypercar segment is heating up as Ferrari is readying its all-new Enzo replacement, Porsche the 918 Spyder and McLaren just a few days ago revealed its own weapon, the P1.
Surely then, with the rich of this world getting richer, those nameplates should be not affected by the economic crisis that rages in Europe and has hit mainstream car sales, seriously hurting companies like Fiat and Peugeot.
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Once More: Marchionne Wants To Merge With Peugeot And Opel, Outgun Vw In Europe
All mainstream European carmakers are, to a higher or lower degree, facing problems due to the debt crisis that’s storming the continent. Ford has started closing down plants, Opel and Peugeot are burning cash each day for the past eight months...
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France Wants The European Union To Monitor South Korean Car Exports
The spike in South Korean car sales in Europe the past few years has the French worried as at the same time they are seeing their numbers drop amidst the debt crisis that has engulfed the continent. Just last year, sales of Korean cars in the European...
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Extinct Species: Remembering Five Former Italian Car Makers
Two weeks ago, while wandering around the brand new Enzo Ferrari Museum in Modena, I came across a particular brand of automobile that is a rarity to find. Located in the lower half of the Jan Kaplický designed building’s modern showroom was...
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Italian Ministry Orders 19 Maserati Quattroporte Limos Amidst Severe Eu Economic Crisis
Unless you’ve been living in a cave these past few months and were completely cut-off from the outside world, you’ll surely have heard of the European economic crisis that started with the Greek debt and is now threatening to engulf many...
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Fiat Group Postpones Lancia's U.k. Re-launch Indefinitely
The Fiat Group seems to be making a habit out of announcing plans for the reintroduction of one of its brands in key markets and then, for whatever reasons, it postpones its plans - e.g. Alfa Romeo's return to the U.S... The Latest victim of this...
Cars