Tag: automotive

European Car Sales Hit 20-Year Low; Don’t Worry, Things Have Stabilized
June 19, 2013 0

European Car Sales Hit 20-Year Low; Don’t Worry, Things Have Stabilized

By News Desk

NPR reports European Car Sales Hit 20-Year Low For May . Country by Country Details Passenger car sales dropped by 5.9% from May 2012 in the 27-country European Union to 1.042 million units, the lowest level since May 1993 German car sales dropped 9.9% in May, Italy was down 8%, France down 10.4%, Spain down 2.6% PSA Peugeot-Citroen, Renault, Ford, General Motors and Fiat all suffered double-digit declines in May Volkswagen had a 2.8% drop in brand sales and 5.9 percent decline for the group

French Central Bank Says France Will Enter Recession 4th Quarter; Berlin Suggests Plan For France
November 10, 2012 0

French Central Bank Says France Will Enter Recession 4th Quarter; Berlin Suggests Plan For France

By News Desk

Courtesy of Google translate from El Economista , please consider France will enter recession in the fourth quarter, according to Bank of France . The Bank of France expects the country into recession later this year, to predict a fall in Gross Domestic Product (GDP) of 0.1% in the fourth quarter, the same percentage that fell in the previous three months. If confirmed, it would be the first recession in the French economy since the 2009 crisis.