Skip to main content

european union

  • 0
    Official: Ford nets US$5.7B in 2012, US$1.6B in fourth quarter
    1359925140

    Ford brought in US$5.7 billion in net income during 2012, which is around US$307 million less than one year prior. Even so, the automaker closed out 2012 with the highest pre-tax profit for a single quarter in nearly 10 years, earning US$1.7 billion in the fourth quarter thanks largely to a ...

  • 0
    Report: EU formally questions French government assistance of Peugeot's finance arm
    1356793020

    Recently, the finance arm of PSA/Peugeot-Citroën was in such debt trouble that it was pricing itself out of the car loan market. The rates it was paying to service its debt, which was rated one step above junk, were so high that it was forced to charge car-buying customers higher rates than ...

  • 0
    Report: New tires to get labels rating fuel efficiency, wet traction and noise levels
    1353420900

    Bloomberg reports the European Union is set to require tire manufacturers to include new labels detailing everything from the rubber's wet-traction performance to fuel efficiency and noise levels. Each tire will receive a rating on an A-to-G scale for wet traction and fuel efficiency, wherein A ...

  • 0
    Report: Mercedes offers 3,000-euro discount amidst struggling sales
    1350594900

    The bad economy looks to be getting deeper over in Europe. The latest evidence is German carmakers' desperate efforts to prop up badly-lagging sales. Last month, European discounts on German brands averaged 12.2 per cent. And now, Mercedes-Benz is offering a 3000-euro (CAD$3,855) trade-in ...

  • 0
    Report: Teargas fired at PSA job protesters outside of Paris Motor Show
    1349875740

    Police in Paris fired teargas at demonstrators outside of the Paris Motor Show today. Around 1,000 protesters showed up in an attempt to break through police lines and gain access to the show in a demonstration against further austerity measures. The group included workers from a PSA Peugeot ...

  • 0
    Report: France requests EU surveil South Korean auto imports
    1344601680

    One of the French government's listed initiatives for aiding its ailing automotive sector, especially Peugeot, was asking the European Commission to keep an eye on imports from South Korea. The EU signed a free-trade agreement with South Korea last year, and France is concerned that might be ...

  • 0
    Report: EU investigates Porsche plans of taxpayer grant to build new Macan
    1342103340

    Porsche won't put its second crossover into production for another year, but the Macan is already causing some controversy. Not the Porsche-has-sold-its-soul controversy that accompanied the launch of its big brother Cayenne, but the why-is-the-German-government-subsidizing-it kind. According to ...

  • 0
    Report: VW Golf/Jetta CC too expensive to sell in North America
    1335972540

    We've got bad news for you if you had your heart set on the smaller version of the Volkswagen CC. Car and Driver reports the German automaker has decided the four-door would simply be too expensive to sell in the North American market. The article cites unnamed European sources as saying the ...

  • 0
    Report: What will happen to automakers if the Euro zone implodes?
    1325288700

    Figuring out post-doomsday scenarios can make for hours of fun, but short of a cinematic "Kill them all!" they're rarely that accurate. That's because we never know which entrance doomsday is going to use, and the big doomsday is often followed by little doomsdays (as this year's Japanese ...

  • 0
    Report: European automakers irked over proposed noise standards
    1324992600

    Ward's Auto reports the European Commission is pushing new measures that could burden automakers with stiff noise regulations for cars, buses and trucks. Under the proposed legislation, automakers would need to curb vehicle noise levels by two decibels two years after the legislation's wording is ...

Loading

Loading