Gains in Germany and the continued turnaround in France, Spain, Italy and Portugal are considered good signs for the year. Southern Europe has suffered the most in the current economic climate, while Germany, the largest market, declined in 2013 as well.
The Opel Monza and Renault Initiale Paris are among the latest show vehicles signaling a trend by designers to zero-in on a few advanced features, rather than overwhelm consumers with more complex models.
A Continental Automotive study shows U.S. consumers saying they would pay a premium of $1,500 for features such as automated driving on freeways and in heavy traffic, while Germans would pay twice as much.
“What we are finding is manufacturers are not only bringing technology in faster than we thought they would, they are also bringing different technology to fruition than what we anticipated,” says the EPA’s Michael Olechiw....More
The earnings swoon also reflected difficulties in international markets, specifically South America, where economic headwinds are affecting sales, and in Europe, where GM continues to book losses as it restructures its business....More
Popularity of this new breed of vehicles is growing rapidly worldwide, and more automakers are beginning to test the U.S. market, where buyers are expected to migrate from small hatchbacks and sedans....More
In October 2013, trade between NAFTA partners totaled $103.1 billion, up 4.5% from a year earlier, marking the first month in the pact’s history in which trade exceeded $100 billion in a single month....More
Economic recovery is weak and gradual, unemployment remains stubbornly high and Europe faces a growing and acute economic challenge from other global regions. We will only deliver the full potential benefits of the Single Market if we set a genuinely new course for Europe....More