‘Car industry: freeze on European market’

Published on 25 April 2013 at 09:51

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The European car market is weak and the outlook for 2014 is poor, points out La Tribune.
The quarterly figures reported by carmakers are cause for concern: the automobiles division of PSA (Peugeot-Citroën) saw sales decline by 10.3 per cent, Daimler announced a 60 per cent drop in profits, while Volkswagen reported a slight reduction in sales volume.
Meanwhile, American carmaker Ford tripled its European deficit, with a €350m loss and a 7 per cent decline in sales.

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