Post Tagged with: "europe crisis"

Read By

Volkswagen CFO expects worse first quarter this year

Volkswagen CFO expects worse first quarter this year

Volkswagen predicts the first quarter of this year will be worse than a year earlier, adding to another forecast last week that said the carmaker’s 2013 operating profit will stagnate. According to Volkswagen Chief Financial Officer Hans Dieter Poetsch quoted by Frankfurter Allgemeine Sonntagszeitung, the first quarter 2013 “will be […]

EU car registrations reach record low

EU car registrations reach record low

New car registrations in the European Union fell to a record low, because of weak demand in several key markets, including Germany. “New registrations amounted to 885,159 units, reaching a historic low recorded for a month of January since the start of the series in 1990,” the European Automobile Manufacturers […]

GM’s losses in Europe doubled in 2012

GM’s losses in Europe doubled in 2012

General Motors’ lossed doubled in Europe last year, shrinking the automaker’s third-consecutive annual profit. GM’s net income was $4.86 billion last year, down from a record $7.59 billion in 2011. Operating income in 2012, before any one-time items, was $7.86 billion, down from $8.30 billion in 2011. In Europe, losses […]