Volkswagen Group’s Audi and Porsche brands, Renault and Fiat Chrysler Automobiles led an 8.1 percent decline in European sales in November, as the introduction of tougher WLTP emissions tests continued to weigh on demand.
The European Automobile Manufacturers’ Association (ACEA) takes note of the final deal on the CO2 regulation for cars and vans, setting targets for the years 2025 and 2030, which was struck by the EU member states and the European Parliament today.
European automakers’ industry association ACEA warned that excessively steep cuts in carbon dioxide emissions limits on cars and vans could harm the industry and cost jobs ahead of a vote by the European Parliament on the new targets.
In May 2018, the EU passenger car market flattened out after showing robust growth in April. Registrations of new cars were only 0.8% higher than in May 2017, counting 1,398,913 units in total.
Jobs have been cut at Vauxhall, Jaguar Land Rover plans production curbs and union bosses fear this is just the prelude. For some in the industry, this is also just the beginning of wider disruption that will be caused by Britain’s vote to leave the European Union.
Germany and Italy are opposing a move to give the EU more supervision over the way national car regulators approve new cars for sale in the bloc, according to EU documents and sources.
EU antitrust regulators fined five safety equipment makers a total of 34 million euros ($40 million) for taking part in cartels to fix prices for seat belts, airbags and steering wheels sold to Japanese automakers.
European sales rose 5.9 percent in October, with Renault, Toyota and Volkswagen Group’s Seat brand leading the gains among volume automakers. Registrations advanced to 1.21 million in the European Union and European Free Trade Area from 1.17 million a year earlier, industry association ACEA said in a statement on Thursday.
Automakers called the European Union’s 2030 target for a 30 percent reduction in CO2 emissions ambitious and aggressive. The reduction level goal is “overly challenging,” and goes beyond the EU’s wider climate and energy framework, ACEA, the European auto industry’s lobby group said in a statement.
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