Post Tagged with: "growth"

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Europe: VW executive says automakers returning from China

Europe: VW executive says automakers returning from China

Carmakers are coming back to Europe and increasing production on the Old Continent as China, the world’s largest single auto market, starts lowering the cost advantage as the economy weakens. The weakness seen in China would prove a great opportunity for central European countries to attract new investments even as […]

China: Ford ready to stop manufacturing expansion

China: Ford ready to stop manufacturing expansion

Ford, the second largest US automaker, has been a late comer to the Chinese auto market, the largest in the world, so they were in a hurry to launch a massive production increase offensive. The company has recently commissioned an all-new engine factory in the Jiangxi province, which marks the […]

Ford could lower production output in China

Ford could lower production output in China

The economy is forecasted to slow its growth to levels not seen since the 1990s, so the world’s largest auto market is on a declining trend these days, despite massive investments from virtually every major automaker. With the economic woes in full swing, the auto market slowed to its smallest […]

US: automakers need to brace for decreasing demand

US: automakers need to brace for decreasing demand

The US auto sales last month rose 4.6 percent to a total of almost 1,455,000 units, with an annually adjusted industry rate – or SAAR – of 16.45 million autos. The figures were below expectations, signaling harder times are ahead for the carmakers competing on the world’s second largest auto […]