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Browse economic slowdown articles

Russia’s slowing sales may affect Renault’s recovery in Europe


Renault's plan to fix Europe sales may be undermined by slowing growth in Russia. The Russian car market is expected to slow and possibly decline this year, after three years of gains of more than 10 percent. This may affect Renault's efforts to offset slumping demand in Europe, according to a Bloomberg report. Renault was counting on growth in Russia after ...
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More economic slowdown articles

China Boosts Investments in Railway
China plans to boost investments in railway, utilities and health, in an attempt to beat the economic slowdown. The Ministry of Railways aims at spending 470 billion yuan ($74 billion) on ...
Scania reduces bus production at its Polish plant amid low demand
Poland's Scania Production Slupsk has handed redundancy notices to 142 employees due to weak demand for buses and coaches for public transport. Fully-built buses in the Omni range that are made ...
Renault Argentina to cut back on shifts
Renault's unit in Argentina is reportedly cutting shifts at its plant in Cordoba plant after a drop in sales prompted by slowing demand in neighboring Brazil. The announcement comes just after ...
Scania will cut production in Europe because of low demand
Swedish truck maker Scania AB controlled by Volkswagen AG (VOW), will adjust the production rate at its units in Europe. The background is a deceleration in demand in various markets. ...
U.S. – Only oil price can stop economy recovery now – experts
The United States economy is now strong enough to withstand Middle East turmoil and the Japanese nuclear crisis. Only a big rise in the price of oil could stop it. Those ...
Alert: Spanish September car sales fall 32%
Spanish car sales fell 32 percent in September from the same month a year earlier, marking the fifth straight month of decline amid a severe economic slowdown, data showed on ...

latest automotive news
Geneva motor show’s greatest rides
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New Ford GT to be priced similarly to the Lamborghini Aventador
The new generation of the Ford GT supercar will be produced in just 250 units annually and it will be ...
Recall roundup: Hyundai Elantra for power steering issues
The Hyundai Elantra is the subject of a new recall announced by the NHTSA because of problems with the electrically ...
Europe: Fiat brand to axe mass-market position in the region
According to Fiat Chrysler Automobiles NV chief executive officer Sergio Marchionne, the company’s namesake Fiat brand will give up for ...
McLaren 675LT online configurator introduced
The online configurator for the McLaren 675LT has been introduced recently introduced by the British based automaker. McLaren is moving with ...
Lotus CEO hints at approaching SUV model to lift sales
Lotus Group chief Jean-Marc Gales has none of the preoccupations of other auto industry leaders – such as developing driverless cars ...
Recall roundup: Dodge Challenger SRT Hellcat and Charger SRT Hellcat
The brand new and extremely powerful Dodge Challenger SRT Hellcat and Charger SRT Hellcat are the subject of a recall ...
Report – Chevrolet’s upcoming affordable electric car could be seen as Opel model in Europe
According to undisclosed company sources, General Motors might expand the sales of the upcoming Chevrolet Bolt electric car into Europe, ...
Porsche 911 GT3 RS – online configurator introduced
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[VIDEO] Ferrari 488 GTB – official promo released
Ferrari has released the first promotional video with the recently unveiled 488 GTB, in which you can see the new ...
FAB Design McLaren 12C Spider unveiled
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Germany: VW and IG Metall union agree on pay raise and pensions
Volkswagen Ag, the world’s second largest automaker and the biggest in Europe and Germany will give its home workers a ...
Ford believes UK should not leave the European Union
The second largest US automaker, Ford Motor, has a significantly large manufacturing presence in the United Kingdom for years, which ...
Chevrolet teasing 2016 Malibu for New York
The 2016 Chevrolet Malibu will be officially presented to the public during the 2015 New York Auto Show, which will ...
[VIDEO] Teaser – McLaren Sports Series going to New York
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PSA Peugeot Citroen’s return to benchmark index adds to signs of recovery
PSA Peugeot Citroen, the second largest carmaker in Europe, will now make a comeback to France's benchmark CAC-40 index, according ...
UK – Abarth 500 Bi-Colore Edition launched
Abarth has launched the 500 Bi-Colore Edition in the United Kingdom where orders for the model are currently accepted. The brand ...
Mercedes-Benz SL 417 Mille Miglia Special Edition debuts in Geneva
Mercedes-Benz has brought the new SL 417 Mille Miglia Special Edition to the 2015 Geneva Motor Show, as this will ...