Germany, Italy New-Car Sales Decline
4 May 2010, 11:50 UTC · By: Dan Mihalascu / Germany's new-car market decreased for a fifth consecutive month, recording a 32 percent year-on-year decline in April as the government incentives for new-car buyers were stopped. Registration...
Fiat Orders in Italy Drop 40 Percent in Q1
14 Apr 2010, 12:23 UTC · By: Dan Mihalascu / Fiat announced a steep decline in orders on the Italian market in the first three months of this year. To be more precise, the company recorded a 40 percent drop in orders after the government incen...
Michelin Profit Down 71% in 2009
12 Feb 2010, 13:28 UTC · By: Andrei Tutu / Michelin, the world’s second largest tiremaker, announced that its profit decreased by 71 percent in 2009 as a result of falling sales and increasing reorganization costs. The company&rsquo...
VW Commercial Unit Still Struggling
19 Jan 2010, 08:45 UTC · By: Andrei Tutu / VW Group’s light commercial vehicles (LCV) state that the automotive market’s recovery is not as close as some might think. The company warns that the market has not yet overcome last ye...
Lamborghini To Have Tough Year in 2010
3 Dec 2009, 15:04 UTC · By: Alex Vasile / People who actually believed that luxury item producers such as luxury automakers will not suffer from the recession were wrong. Sports car manufacturers had to decrease production, send people home...