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European car sales end losing streak, respite may be brief

Europe's ailing car market ended a streak of 18 straight months of falling sales, though a number of one-off factors suggested that a sustained recovery will be harder to achieve.A pick-up in Germany and Spain in addition to continued robust demand in Britain delivered a 1.8 percent increase in new car registrations last month, to 1.08 million vehicles.However, the figures published by automotive industry association ACEA on Friday were flattered by two extra sales days in many European markets after Easter holidays fell in March rather than April, with last year's weak April also helping the year-on-year comparison.Demand for new cars in recession-hit Europe fell to a 17-year low last year as euro zone unemployment reached record highs, credit dried up and households focused on repaying debt.Despite last month's upturn, the ACEA pointed out that it was still the third-lowest level of new registrations for the month of April."It's a bit like the 'dead cat bounce' because car sales have...

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  1. Carmakers fear European recovery could take years

    Europe's ailing car market has weakened further in recent months; and with no signs of recovery, some industry leaders hope governments will relax their opposition t...

  2. Fiat Focused on Buying Out Chrysler Minority Shareholders

    Fiat (F.MI, FIATY) stole the spotlight at the Geneva motor show Tuesday as it took the wraps off new, racy but low-volume Ferrari and Alfa Romeo sports cars, new fla...

  3. Analysis: Alfa Romeo reboot marks tough road for Fiat recovery

    Sergio Marchionne does not walk on water.Nevertheless, it may require a miracle to pull off the Fiat chief's latest gambit: Take his sporty Alfa Romeo brand global w...

  4. New GAC-Fiat chief Burton will lead Jeep's China push

    Fiat-Chrysler's plans to build Jeep into a global brand move forward on Friday when a new executive takes over at the company's Chinese joint venture to ramp up prod...

  5. Ford, Peugeot, Toyota lead Europe auto sales to new low

    Ford , PSA Peugeot Citroen and Toyota <7203.T> led European car sales to a new low in January, kicking off 2013 with an 8.5 percent decline, the Association of Europ...

  6. Ford, Peugeot and Toyota lead Europe auto sales to new low

    Ford , PSA Peugeot Citroen and Toyota <7203.T> led European car sales to a new low in January, kicking off 2013 with an 8.5 percent decline, the Association of Europ...

  7. Ferrari Posts Record Sales for 2012

    Italy's Ferrari Monday posted a double-digit increase in net profit for 2012 as strong demand for its luxury sports cars such as the new 12-cylinder F12 Berlinetta p...

  8. Chrysler says Alfa Romeo will eventually outsell Fiat in U.S

    Fiat SpA's Alfa Romeo will outsell stablemate Fiat in the United States once the sporty brand gets a foothold in its new market and expands to sell larger models, an...

  9. Fiat CEO Aims To Reach Chrysler Stake Price Deal By 2014

    Fiat SpA's (F.MI) chief executive Sunday said he expects to complete the acquisition of Chrysler Group LLC sometime in 2014 once an agreement is reached over the pri...

  10. Italy Jan New Car Registrations Fall 17.6% - Official

    Italian new car registrations fell 17.6% in January as demand showed no sign of recovering amid persistent consumer concerns about the country's weak economy.The dro...

  11. Chrysler to have 16 Fiat, Alfa Romeo models by 2016 in North America

    Chrysler Group LLC, majority owned by Italy's Fiat SpA , will have 16 Fiat and Alfa Romeo models in its North American lineup by 2016, Chrysler said on Wednesday.Ser...

  12. Fiat Results in Line with Expectations

    GRUGLIASCO, Italy--Fiat SpA's (F.MI) chief executive said Wednesday that the results to be published later today by the Italian automaker are in line with expectatio...

  1. Fiat's U.S. dealers anxious for broader product lineup

    A meeting of U.S. Fiat dealers to discuss future products, including the arrival of Alfa Romeo models, has twice been postponed and no new date has been set, several...

  2. Daimler may cut 2013 outlook on weak European demand

    German premium carmaker Daimler said it might cut its 2013 profit expectations this month, sparking sharp criticism from shareholders gathering for Wednesday's annua...

  3. Daimler to Revise 2013 Forecasts on Tough Markets

    BERLIN, April 10 (Reuters) - German premium carmaker Daimler is likely to cut its profit expectations for the year, after it said on Wednesday that its core European...

  4. Italy March New Car Registrations Fall 4.9%, Fiat Brand Gains

    Italian new car registrations tumbled 4.9% in March from the same month a year earlier, the smallest annualized drop in a long time, the transport ministry said Tues...

  5. 2014 Jeep Cherokee's racy design stirs up social-media storm

    The 2014 Jeep Cherokee revives one of the brand's hallowed nameplates, one that dates back nearly 40 years. But the Chrysler Group's new crossover vehicle looks like...

  6. 2014 Jeep Cherokee's Racy Design Ignites Social-Media Storm

    The 2014 Jeep Cherokee revives one of the brand's hallowed nameplates, one that dates back nearly 40 years. But the Chrysler Group's new crossover vehicle looks like...

  7. Fiat Reaches Contract Deal with Labor Unions

    Fiat SpA (F.MI) has reached an agreement with labor unions over the renewal of contracts for its nearly 80,000 Italian workers, a union involved in the negotiations ...

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