Posts Tagged ‘ACEA’

VW, Fiat CEOs Paper Up Angry Dispute

Winterkorn, Marchionne find some common ground over industry crisis.

by on Sep.28, 2012

Smiling faces? VW's Martin Winterkorn and Fiat's Sergio Marchionne emerge from a meeting aimed at resolving their vocal and public differences. Photo credit: Bloomberg Television.

Two of Europe’s top automotive executives have – at least for now — papered over an increasingly fractious dispute that threatened to further divide an industry facing a sharp slump in sales and increasingly serious losses.

The dispute between Volkswagen CEO Martin Winterkorn and Fiat CEO Sergio Marchionne has been brewing for months but seemed to reach a new level of frustration in the build up to the 2012 Paris Motor Show – which industry officials have hoped might help rekindle European consumers’ love affair with the automobile.

Details! Details! Details!

The two executives emerged from a meeting of the European automotive trade group ACEA, Friday morning, shaking hands and promising to work together to find common ground in an industry expected to reach a 17-year low in sales this year. The move preserves Marchionne’s role as the chairman of the group – a pulpit he has used to try to get reluctant German makers to agree to steps that could help ailing rivals, especially those from France and Italy.


European Car Sales Plummet in July and August

Renault and PSA Groups advance as Ford, Fiat and GM decline.

by on Sep.16, 2010

The real battle for world dominance will be in China where VW is firmly entrenched.

VW remains number one in Europe as PSA and Renault pick up share.

The European car market continued stuck in reverse this summer, according to the latest sales data released this morning by ACEA, the automakers trade association. This continues a worrisome downward trend from the 2nd quarter of 2010 when vast taxpayer-subsidized replacement programs initiated the previous year began expiring.

As in the U.S., European taxpayers appear to be revolting against an endless expansion of government spending, making further subsidies of local industries increasingly difficult.

While the results are important in themselves because they involve the world’s players and their ability to fund future products to ensure survival, it is also indicative of where the U.S. market might be heading with, say, five or more makers competing closely for the top volume rankings.

In  Europe all others fight for table scraps as smaller makers who need to play in global markets use marginal operations there to survive. It could happen here.  Once upon a time a maker could thrive in the U.S. alone – it’s now a business planning fairy tale in my view.

In Europe, new registrations fell by 18.6% in July and 12.9% in August. Eight months into the year, new cars in the EU totaled only 9,021,703 units or 3.5% less than over the same depressed period a year ago, which itself was artificially propped up by government spending on incentive programs.

In July, a double-digit collapse occurred in the main volume markets, ranging from -12.8% in France to -13.2% in the UK, -24.1% in Spain, -25.7% in Italy and a whopping -30.2% in Germany, traditionally Europe’s economic powerhouse and export giant. Overall, 1,032,893 new cars were registered in the EU, or 18.6% less than in July last year.


Sauerkraut! German Brands Lose to Japanese

Toyota overtakes BMW and Daimler in Europe during 2009.

by on Jan.19, 2010

Despite some troubles, guess who is still gaining ground in Europe?

BMW and Daimler dropped behind Toyota in European sales last year for the first time in history, as Toyota and its Lexus luxury brand moved ahead of them, according to the latest data from ACEA, the automakers’ trade group.

Overall, dealers delivered 14.5 million units in total, down 2% from the previous weak year in a market propped up by massive national government subsidies for junking old cars and/or buying new fuel-efficient ones.

Still, government subsidies didn’t slow the changing of the automotive guard on the continent as Asian makers — once again — picked up share at the expense of local ones.

Nissan, Hyundai and Kia all also gained ground, but their sales remain at roughly half the levels of Mercedes. However, if you combine Hyundai and Kia into the group they should be, their combined sales are now less than 100,000 units, and closing, behind number nine Daimler, whose sales dropped 13%

If you look at the box score that follows, clearly leading in first place is the profitable Volkswagen Group, with more than 20% of the market – about where General Motors is in its U.S. home market.

In Europe, General Motors  suffered from its well-publicized bankruptcy, problems at Saab and Opel/Vauxhall, as group sales for all brands dropped more than 9%. GM’s share settled at 9% for fifth place, with it losing almost 2 percentage points in share.

Number two in Europe remained the PSA Group, with 1.9 million vehicles registered.

Third was the Ford Group, although the pending sale of Volvo to Chinese Geely and the removal of more than 200,000 units from its tally will drop them to fourth or fifth next year if current sales trends hold.

In fourth was Renault and its Dacia subsidiary. Fifth, as stated, was GM.

Since massive  taxpayer handouts in Europe have now expired, the outlook is grim given the  moribund European economy. Automakers are predicting a decline in sales this year of as many as 2 million units a disaster there, but it would still put Europe millions of units ahead of the depressed U.S. market, which looks to be about 11 million units, according to current analyst predictions.


Such dire predictions, widely touted during the press days at the North American International Auto Show in Detroit last week are — of course — attempts to force yet more subsidies from governments, as well as to downplay investor expectations for the earnings performance – or likely the lack thereof – of publicly traded stock.

Chart by automaker follows.


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