![]() ![]() ![]() Sales in January were 7.1 percent down on a year earlier. But it is not easy.” Consumers have seen their spending power reduced by austerity measures and that is reflected in sales figures that are in their fifth year of decline, despite price wars that undercut profits. “We cannot continue endlessly (to) deal with automotive issues at the national level,” said ACEA Secretary General Ivan Hodac. That is politically problematic and was the subject of a meeting in Geneva between the carmakers’ trade body – the European Automobile Manufacturers’ Association - and European Commission representatives on Wednesday with more discussions to follow later this month. Sliding sales and overcapacity are pressuring profits and the manufacturers say Europe-wide action is needed with plant closures and big job losses. Struggling carmakers want Europe-wide overcapacity fixĪt the Geneva motor show the latest models being unveiled on stage were just window dressing for some who see an industry in crisis. ![]()
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