Mexican Media Brands
ACEA Cuts European Sales Outlook to 1% Decline
ACEA, Europe’s automotive trade group, says it now expects that sales of passenger vehicles within the European Union will dip 1% to about 15 million units in 2019.
#labor
Share
ACEA, Europe’s automotive trade group, says it now expects that sales of passenger vehicles within the European Union will dip 1% to about 15 million units in 2019.
The group previously forecast this year’s market would advance 1%. Growth in car sales across Europe has been slowing from 9% in 2015 to 3% in 2017. Last year, new-car registrations in the region dipped by 6,000 units.
ACEA reports that retail deliveries of passenger vehicles through the first five months of 2019 declined 2% to 6.94 million vehicles across Europe.
Separately, ACEA cites major challenges to the industry in meeting European Union targets for zero- and low-emission vehicles in 2025 and 2030. The group asserts the goals “simply cannot be met” unless EU member states hike investment in the infrastructure needed to support electric and alternate-fuel vehicles.
RELATED CONTENT
-
Skilled-Trade Workers Reject GM Contract, Ratification in Limbo
The United Auto Workers union says its production workers ratified a new four-year labor contract with General Motors Co. by a 58% margin.
-
Tesla Fires Hundreds of Employees It Considers Sub-Par
Tesla Inc. dismissed roughly 400 hourly and salaried employees last week, according to The Mercury News in San Jose, Calif.
-
CEO Barra Steps into GM-UAW Talks
General Motors Co. CEO Mary Barra met secretly with United Auto Workers union leaders yesterday afternoon, according to the New York Post, which first reported the event.