Mexican Media Brands
Russia Could Be Europe’s Biggest Car Market This Year
Toyota Motor Corp. says a modest gain in Russia's auto sales in 2013 will vault the country past Germany to become the top-selling country in Europe, Automotive News reports.
#economics
Share
Toyota Motor Corp. says a modest gain in Russia's auto sales in 2013 will vault the country past Germany to become the top-selling country in Europe, Automotive News reports.
Analysts have forecast that Russia would become Europe's largest national market by 2017.
Karl Schlicht, Toyota's sales and marketing chief in Europe, tells AN that the company expects sales this year to climb 2% to 3 million vehicles in Russia and drop 12% to 2.7 million units in Germany.
National industry groups in Germany and Russia forecast a 3% decline to 3 million vehicles and a gain of less than 1% to 2.97 million units, respectively, in 2013.
RELATED CONTENT
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.