Mexican Media Brands
Trade Group Lowers Outlook for EU Car Sales
Sales of passenger vehicles in the European Union could drop as much as 10% to 11.92 million units this year, carmaker group ACEA tells The Wall Street Journal.
#labor
Share
Sales of passenger vehicles in the European Union could drop as much as 10% to 11.92 million units this year, carmaker group ACEA tells The Wall Street Journal.
The organization had predicted in June that volume would decline 7% in 2012. The ACEA did not elaborate on the reasons for its lower forecast.
But since the group's previous prediction, the region's demand shrank 8% to 935,400 units in July and 9% to 688,200 units last month. The latter was the lowest level for August sales in the EU since the ACEA began collecting the data in 1990.
In the January-August period registrations in the region fell 7% year over year to 8.27 million vehicles, the group reports.
RELATED CONTENT
-
VW Workers Again Reject UAW at Tennessee Plant
Hourly workers at Volkswagen AG’s assembly plant in Chattanooga, Tenn., have again voted against having the United Auto Workers union represent them.
-
Marchionne Cancels Trip to Paris Auto Show
Fiat Chrysler Automobiles CEO Sergio Marchionne has cancelled a planned appearance at the Paris auto show on Thursday.
-
VW, the Future & the End of “Conventional” Jobs
"In order to become a global provider of sustainable mobility, we are pressing ahead with future projects such as electromobility, digital connectivity and new mobility services, equipped with the necessary resolve and financing.”