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.