Tag: EU

By on May 17, 2013

As predicted by TTAC, European car sales were up slightly in April. Car sales in the EU rose by 1.7 percent in the month, Europe’s car manufacturer association ACEA says. We warned you before not to read too much into it, and we warn you again. (Read More…)

By on May 15, 2013

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In America,  government bailouts of ailing car companies are (at least in some circles) viewed as an inalienable right. In the EU, government aid generally is forbidden by law. Ironically, Ford, the only un-bailed-out Detroit company, now is in collision with these quaint continental regulations. (Read More…)

By on May 14, 2013

BMW’s CEO Norbert Reithofer lambasted EU lawmakers for attempting to  “hurt European industry in competition with the United States and China,” as Reuters reports. Said Reithofer at today’s General Meeting of Shareholders in Munich: (Read More…)

By on April 25, 2013

European carmakers, faced with greenhouse gas emission targets much stricter than America’s CAFE rules, can breathe slightly easier. According to Reuters, European politicians backed a compromise deal that keeps stringent targets in place, but that also introduces a loophole: So-called supercredits, gained by making very low emission vehicles, such as electric cars, which nobody actually needs to buy. Quota cars, here we come. (Read More…)

By on April 16, 2013

Now that the U.S. and Japan have agreed on a watered-down version of the Trans-Pacific Partnership trade negotiations (America will keep its beloved chicken tax for at least another decade, Japan will protect its rice farmers from the evils of cheap American rice,) negotiations between  the EU and Japan about a trade pact are getting underway, with considerably less drama. (Read More…)

By on April 11, 2013

A U.S. House of Represenatives subcommittee meeting became a forum for Ford to advocate on behalf of harmonized vehicle standards, as the US and EU continue to discuss a possible free trade deal.

(Read More…)

By on March 8, 2013

Daimler and Volkswagen reached an agreement over an air-conditioning refrigerant that Daimler claimed was flammable and extremely hazardous to one’s health.

(Read More…)

By on February 19, 2013

European new car sales had their worst January in recorded history. The European manufacturers organization ACEA started recording in 1990, and it had never seen a January as bad. New car registrations were down 8.7 percent to 885,159 units in the EU. (Read More…)

By on February 13, 2013

The United States and the European Union will begin talks on a free-trade agreement, which may take as long as two years to complete. The deal is expected to be worth some $613 billion annually, and could have some interesting implications for the auto sector.

(Read More…)

By on February 11, 2013

After approving a $1.6 billion loan guarantee for PSA’s captive finance arm, the European Commission demanded a restructuring plan for all of PSA within six months.

(Read More…)

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