Friday, March 23, 2007
European Carmakers Profitability down
European carmakers’ struggle for profitability will worsen this year.
New car market is flooded
A report by Standards & Poor’s, the credit rating agency, reveals that saturated demand for new cars and production overcapacity will see profitability levels stagnate.
Margins will remain at between 1 to 3 per cent - equivalent to less than £340 profit per vehicle for most volume manufacturers - with no signs of improvement.
DATED: 23.03.07
FEED: MT
New car market is flooded
A report by Standards & Poor’s, the credit rating agency, reveals that saturated demand for new cars and production overcapacity will see profitability levels stagnate.
Margins will remain at between 1 to 3 per cent - equivalent to less than £340 profit per vehicle for most volume manufacturers - with no signs of improvement.
DATED: 23.03.07
FEED: MT
