Auto Industry Growth in Europe to Slow to 1 per cent in 2017
Auto Industry Growth in Europe to Slow to 1 per cent in 2017
Brussels - QNA
Growth in the European car industry is expected to slow to 1 per cent in 2017 but remain stable amid market uncertainties that include Britain's pending exit from the EU, the European Automobile Manufacturers Association (ACEA) said Wednesday.
The 1-per-cent forecast comes after EU passenger car sales grew by 6.8 per cent in 2016 with 14.6 million cars sold, reaching the highest volume in nine years, dpa reported.
ACEA President Dieter Zetsche said Wednesday that consumer confidence has so far remained "robust" despite fears over Brexit and political uncertainty in Europe.
"Much will depend on the evolution of macro-economic conditions and political developments, but we expect our market to remain stable," Zetsche said.
He noted that two pieces of EU legislation on emissions testing entering into force in 2017 will be "essential measures to win back the trust of customers" after the fallout from the emissions scandal involving Volkswagen, Europe's largest carmaker.
Source: QNA
- Wednesday ,21 November GMT 08:17 2018 Paris, Tokyo seek to reassure after shock of carmaker Ghosn arrest
GMT 11:55 2018 Friday ,14 December
Study shows most drivers not keen on switching to electric carsGMT 14:42 2018 Friday ,07 December
Road accidents are leading cause of death for childrenGMT 08:17 2018 Wednesday ,21 November
Paris, Tokyo seek to reassure after shock of carmaker Ghosn arrestGMT 10:40 2018 Tuesday ,20 November
Uber resumes service in Abu Dhabi after 2 years of suspensionGMT 13:15 2018 Monday ,19 November
Nissan chairman arrested over alleged financial law violationGMT 12:48 2018 Tuesday ,06 November
CIIE to facilitate China-S.Korea exchange in car sectorGMT 07:12 2018 Wednesday ,24 October
German court mulls diesel car ban in city of MainzGMT 10:06 2018 Thursday ,11 October
Mazad to host third auction of unique vehicle number platesRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 18:25 2016 Wednesday ,16 March
Ministry of Foreign Affairs and International Cooperation hails co-operation and partnership ties with EU
GMT 10:04 2019 Monday ,19 August
Live a tense and noisy atmosphere
GMT 08:45 2017 Saturday ,15 April
Foreign Minister Receives WTO Delegation
GMT 17:56 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 million
GMT 08:14 2017 Saturday ,12 August
Belgium's giant omelette festival aims
GMT 13:42 2017 Sunday ,17 December
26 dead from landslides after Philippine storm
GMT 05:32 2017 Saturday ,29 April
Al Faisaliah voted ‘Best Business Hotel in Riyadh’
GMT 15:53 2016 Sunday ,22 May
PEX Report: Index Down at start of week trading
GMT 16:59 2017 Wednesday ,22 March
UAE v Japan: Mahdi Ali has selection headaches ahead of 2018 World Cup qualifier
GMT 12:39 2015 Sunday ,18 October
Surgery made me feel connected to other women
GMT 12:56 2017 Thursday ,23 November
UAE Inaugurates Digital Archaeology Exhibition
GMT 07:27 2019 Tuesday ,20 August
Think of a new strategy and give you a variety of possibilities
GMT 18:56 2014 Tuesday ,15 April
Gambia bans flights from Ebola-hit nations
GMT 04:03 2017 Tuesday ,09 May
’Baahubali 2’ becomes India’s highest-grossing movie
GMT 08:35 2018 Saturday ,20 January
Amazon's indigenous people 'never so threatened': pope
GMT 09:09 2017 Thursday ,21 September
Kagawa leads Dortmund 'fire engine' back
GMT 13:18 2013 Saturday ,13 July
Surya Brasil launches treatments for dyed and damaged hair
GMT 09:22 2017 Sunday ,05 March
UAE insurance snag for electric vehicles over repairs
GMT 13:20 2017 Monday ,14 August
53 ships transit Suez Canal
GMT 22:46 2016 Sunday ,10 April
Strong earthquake hits Afghanistan, Pakistan, India, casualty not reported yet
GMT 14:47 2018 Monday ,19 November
Terrorists’ infiltration attempts towards military posts in Hama Countryside foiled
GMT 11:05 2018 Sunday ,28 October
US builds up arsenals in Europe to deter Russia
GMT 12:50 2018 Wednesday ,19 September
Huawei sees over 100% growth in UAE smartphone sales
GMT 09:43 2017 Saturday ,08 July
Abbas offers condolences to Sisi over victims of Rafah terror attack
GMT 21:06 2017 Wednesday ,26 July
German army helicopter crashes in Mali
GMT 18:26 2017 Wednesday ,08 February
Shoukry due in Jordan to convey Sisi's message to monarch
GMT 04:15 2017 Monday ,08 May
Mercenaries killed in Jawf
GMT 12:31 2015 Sunday ,18 January
INU, the smart, high-end electric scooter
GMT 11:46 2017 Wednesday ,01 March
NBAD given green light to expand euro note programme
GMT 18:30 2016 Tuesday ,06 December
Hilton Worldwide introduces Laureate Jeddah College students to hospitality careers
GMT 14:14 2016 Friday ,23 December
Russia loses sporting events as federations act
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor