Reuters Poll of Economists Say Euro Recession Has Ended But Recovery to Be Slow

According to a Reuters poll of 30 economists, data to be released next week will show that the recession in Europe has ended, but that the euro zone will not start growing significantly until 2015. The consensus prediction for the second quarter of 2013 was 0.2% growth.

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Japan's Automakers Recover Faster From Tsunami

Japan’s major automakers appear to recover faster from the impact of the March 11 tsunami than previously feared (or hoped.) Nissan’s Executive Vice President Takao Katagiri said today that Nissan’s Japanese vehicle production in May was the same or greater than its output in the same month in the previous year.

“We will also probably be able to maintain a normal level in June,” Katagiri told The Nikkei [sub]. At the annual results conference in May, Nissan CEO Carlos Ghosn had predicted that the company would be back to normal by October. This remains the official party line at Nissan.

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  • ToolGuy Nice torque figure.
  • ToolGuy Pretty cool.
  • ToolGuy While Americans sit around griping about emissions from container ships, check out what the French have been up to: https://www.freightwaves.com/news/largest-lng-powered-container-ship-making-maiden-voyage
  • 28-Cars-Later "I was thinking that service shops were the real cash magnets for the dealers not car sales."You are correct, service and used cars made the majority of dealer profit.
  • ToolGuy Secret: Large automakers have some dealers which they really really like, and some dealers they would love to get rid of.