38446
VW Missing Out on Euro Car Boom
Economy, Auto

VW Missing Out on Euro Car Boom

Volkswagen, penalized for its emissions scandal in several European markets, continues to miss out on the expanding continental car market. The European carmakers’ association, ACEA, said on Wednesday February sales in Europe accelerated by 14.3%, but VW deliveries nudged up just 4.4%. Boosted by Audi and Skoda, VW group sales grew by 8%, as market share eroded to 23.9%. That compares with double-digit expansion by mass market and premium competitors alike, with Fiat Chrysler showing the strongest growth at 23%, AP reported. Overall, carmakers sold 1.05 million units, with double-digit growth in Italy, France, Spain and Germany. The results reflect an extra working day for leap year. IHS Automotive expects 2016 market growth to moderate after January and February, forecasting a 3% growth to 3.28 million units this year.

 

Short URL : http://goo.gl/wmeGY0
  1. http://goo.gl/lDnZbM
  • http://goo.gl/drmFkT
  • http://goo.gl/WTvYn4
  • http://goo.gl/O8qMGk

You can also read ...

Support for  Forex Measures
The head of Competition Council welcomed efforts made by the...
The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
Since the beginning of the fiscal 2018-19, the Iranian rial...
Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
South Korea’s new ambassador to Iran, Yu Chang Hwang, said...
UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
Without Waivers, US Sanctions on Iran Will Cripple Iraq
Iraqi officials, struggling to form a new government months...
CBI: Currency Inflow Growing Steadily
Governor of the Central Bank of Iran said on Saturday that...
Uber in Talks to Buy Food-Delivery Company
Uber Technologies Inc. is in early talks to buy food-delivery...
Aston Martin Aims to Steer  Around Brexit to $6.7b IPO
Luxury British carmaker maker Aston Martin is seeking a price...

Trending

Googleplus