News by Brand
Home>Topics>>European Firms look to N.A. (9/27/12)

European Firms look to N.A. (9/27/12)

Get Adobe Flash Player to see this content.


  1. GM2:08
  2. BMW1:38
  3. Automotive News0:38
  4. Fiat panda3:04
  5. Sergio Marchionne2:54
  6. Texas state3:38
  7. weekly commentary4:07
  8. auto sales1:53
  9. European competitors2:31
  10. auto industry1:06

Thu, 27 Sep 2012|

As Europe ails, a bigger focus on N. America | Ghosn: Slump to persist | Chrysler's tough Texas truck talk


Automatically Generated Transcript (may not be 100% accurate)

Pending doom and gloom. In the -- almost appeal. Oh Detroit in 2009. Looking west. Even as auto makers gather in Paris hard times in Europe have solve them turning their eyes towards North America. A report. Next. Welcome to the newscast. I'm -- Snyder and for Tom -- back. The other show is in full swing today in Paris. But with the European economy in crisis North America is starting to look like the place to be. We spoke with Automotive News editor Jason Stein who's on the show floor in Paris. I think a lot of good product here by I hated but well -- it economic situation. Maybe overshadowing. Well look the other good news comes great belly -- here. But could Europe's gloom helps sales in North America. What we're -- from absolutely larger global players is gonna focus more energy on the North American market primarily because. The North American auto industry as well casing. The entire economy. Do they want to take advantage of that and -- -- -- going to continue to be slowdowns and and Europe don't ignore the opportunity -- -- Also casting a shadow over Paris. Is a slowdown in China which affects Europe's luxury brands. Billy -- Our growth has slowed the last two quarters. And they're looking into 2013. A little unsure whether that same. Robust. Level of sales -- gonna continue or how long it's gonna last. Reuters says Audi BMW and Mercedes account for three quarters of luxury car sales in China. Several top exacts are making the rounds in Paris and sounding a familiar tune. We don't Nissan's Carlos Gomes said European auto sales are headed for an 8% drop this year and the declines we'll continue next year. But in a Paris TV interview he said he sees quote zero chance of a government led restructuring of the industry akin to the US rescue of GM and Chrysler in 2009. Said gone every company is going to have to deal with its own problems. Done more CEO -- that just seen here with the electric Mercedes SL last AMG. Raised doubts about his company's profit target for Mercedes pointing to a tough sales environment. And a top executive at Volkswagen says some of VW's European competitors are at risk of going out of business without government aid. More optimistic words from VW's US chief. Jonathan Browning telling reporters the auto maker is close to matching an all time record in US vehicle sales. VW group sales are up 31%. Through August. Fiat CEO Sergio Marchionne meanwhile reiterated his call for auto makers across Europe to work together to cut overcapacity. Marchionne has seen here with the Fiat panda also said Fiat has not requested aid from Italy or the European Union. The world Vontae that's the name miles a Roddy has given the SS UV which will be produced in the US by Chrysler. As a concept it was known as the -- -- By the way VW chairman Ferdinand get told reporters VW is still interested in buying Fiat Alfa Romeo unit. Despite Marchionne is repeated insistence that the brand is not for sale. And before we leave you let's hop back across the pond to the Texas state fair and some good old fashioned bragging about what else pick up trucks. Folks. We're not messing around. We meet eye popping bone story earthshaking. -- class. Chrysler's Fred Diaz on the towing capability of the ram 15100. Heavy duty pickup. And not to be outdone Ford showing off its running F 150 king ranch. And that's our time for today join us tomorrow for Edward -- of the weekly commentary we'll see you back here. Them.

Related Videos:

  1. Chrysler 200's Surprise Appeal (7/29/14)

    Tue, 29 Jul 2014

    Volume car is luring buyers from Lexus, Cadillac, brand chief says; Toyota's fuel-cell future; Musk as 'Simpsons' star.

  2. Ford Hikes F-150 Prices (7/28/14)

    Mon, 28 Jul 2014

    Eight polling that Tug of war what heavy duty YouTube has poured threatening to life. You're watching auto news now. Good to see you on this Monday. I'm Tom back for Ford and Chrysler the stakes couldn't be higher. According to true cart dot com heavy duty pickups represent 23%. Of all pick up sales in the US. In one of the main reasons to buy a big truck. Towing capability. a battle is raging between Ford and Chrysler's ram Brad. Over who can claim best in class Ford is threatening legal action if keeps claiming its pickups have besting class We're talking so called fifth wheel or goose neck trailer is connected in the pick up that. So here's the issue. Ford says 2015. F 454. By four crew cab can 31200. House. That's about 12100 pounds more than the highest capacity 3500. Which is rated at 30000. Pounds. But rim says the trucks are not even in the same class. It's is the F 450 is a class four pick up in fact the only class four pick up on the market. says the 3500. Actually competes against the F 350. In GM's 3500. Heavy duties. Reporter Larry tells us Ford does something no other automaker does when setting its maximum payload for the F series. It removes items like the radio. The spare tire the Jack. In the center console in order to produced the maximum number for its payload that's a questionable practice because a component truck over. Into another class. Larry says under the system used by other auto makers the F 450 would be considered class war. For more story in today's print and digital editions of Automotive News. Ford is raising prices on the new one in fifteen aluminum body F 150 pick up. Like 340 dollars to 3385. Bucks. The king ranch sees the biggest price increase over the 2014 model. Ford however has upped the standard equipment in all models of the truck for example to information screens are standard. Our Richard true it is also reporting the auto maker is trimming the number of F 150 models from eleven to five. With the new truck arrives this fall popular name plates such as the raptor in limited will be gone. Dealers started ordering the pick ups today. More business may be on the way to service based in GM dealerships. That's because the auto maker is offering buyers of its 2015 models for monthly vehicle diagnostic reports through OnStar. The move also allows customers to sign up to receive maintenance notifications from their stores. Both services will be offered at no charge for five years under a plan named OnStar basic. Previously. They were available only to paying OnStar subscribers. GM says that customers who are emailed me notifications from their dealerships. Come in for two additional service visits a year on average. Compared with customers who don't receive that. Cash for clunkers a phrase that was all the rage five years ago this month. Officially known as the car allowance rebate system clunkers was a lifeline at a desperate time in the US auto industry. US sales in June of 2009 dropped 28%. wasn't so lawful because every other month that your have been worse. But thanks to clunkers which provided consumers as much as 4500 bucks to trade in an old gas guzzler for a more fuel efficient new vehicle. July 2009 sales were off just 12%. In August sales that year were up 1%. In the end nearly 700000. Vehicles were traded in through the two point 85 billion dollar federal program. Have a great day everyone. We'll see you back here tomorrow.

  3. Japan 3 Product Preview (7/25/14)

    Fri, 25 Jul 2014

    Our look at what's ahead for Nissan, Honda and Toyota; what has Mercedes saying 'ah;' Crain joins Hall of Fame.

  4. GM Near End of Recall Push (7/24/14)

    Thu, 24 Jul 2014

    Safety blitz 'substantially complete' Barra says; Ford's Europe product plan; Acura supercar fire; Keith Crain's big night.