Cars
The Fiat Group used to enjoy a strong presence in Europe, and especially in its home market of Italy, where it has traditionally been very strong. But that’s not the case anymore. The debt crisis that is threatening Europe and especially the northern countries has decreased demand significantly, with the Italian car market hitting its lowest point in the last 15 years.
- Aggressive Financing Helps The Volkswagen Group Outperform Its Rivals In Europe
All is fair in love and war and new car sales are most certainly a battlefield, especially in Europe where almost every domestic carmaker is losing sales and bleeding cash due to the debt crisis that’s been raging on for the last three years....
- 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...
- Detroit's Big 3 To Record Us$4 Billion Combined Losses This Year Due To European Car Sales Slump
After the U.S. market meltdown, which resulted in General Motors and Chrysler receiving a bailout, the two automakers along with Ford recovered quickly and are now posting near-record profits. However, it seems that Detroit's Big Three have to face...
- 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...
- Fiat Announces 21% Drop In Pre-tax Profits For 2008, Foresees 20% Less Sales In 2009
Two days after announcing its plans to acquire a 35 percent stake in Chrysler LLC, Fiat S.p.A. released the group's 2008 calendar year results and at the same time, revealed its gloomy outlook for 2009. The Fiat Group's total revenues for 2008...
Cars
Report: Will the Italian Debt Crisis Force Fiat Out of the Country?
The Fiat Group used to enjoy a strong presence in Europe, and especially in its home market of Italy, where it has traditionally been very strong. But that’s not the case anymore. The debt crisis that is threatening Europe and especially the northern countries has decreased demand significantly, with the Italian car market hitting its lowest point in the last 15 years.
Analysts estimate that Fiat, which in 2011 recorded its worst sales performance in 20 years and is losing nearly 1 billion euros annually, may do the unthinkable: either stop or significantly reduce its 100-year old local operations.
Read more »- Aggressive Financing Helps The Volkswagen Group Outperform Its Rivals In Europe
All is fair in love and war and new car sales are most certainly a battlefield, especially in Europe where almost every domestic carmaker is losing sales and bleeding cash due to the debt crisis that’s been raging on for the last three years....
- 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...
- Detroit's Big 3 To Record Us$4 Billion Combined Losses This Year Due To European Car Sales Slump
After the U.S. market meltdown, which resulted in General Motors and Chrysler receiving a bailout, the two automakers along with Ford recovered quickly and are now posting near-record profits. However, it seems that Detroit's Big Three have to face...
- 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...
- Fiat Announces 21% Drop In Pre-tax Profits For 2008, Foresees 20% Less Sales In 2009
Two days after announcing its plans to acquire a 35 percent stake in Chrysler LLC, Fiat S.p.A. released the group's 2008 calendar year results and at the same time, revealed its gloomy outlook for 2009. The Fiat Group's total revenues for 2008...