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The latest batch of numbers on car demand in Europe is out from the European Automobile...

The latest batch of numbers on car demand in Europe is out from the European Automobile Manufacturers' Association with 2013 starting off with demand just as soft as last year. Registrations dropped 8.5% to 918,280 with Ford (F), Peugeot (PEUGF.PK), and Toyota (TM) posting sharp declines. Though sales are forecast to pick up in some areas of Europe this year, most automakers see the market shrinking between 3% to 5%.
Comments (3)
  • nicguyinsc
    , contributor
    Comments (10) | Send Message
     
    May sounds like a good time to buy (F)
    What say the group?
    19 Feb 2013, 09:15 AM Reply Like
  • Tdot
    , contributor
    Comments (3444) | Send Message
     
    Ford expects to lose at least $1.5B (38 cents per share) in Europe during 2013, and earn only $1.40 per share total, about the same as 2012. No real prospects for growth in profits and market share for the next 12-18 months, as Europe's exhausted economy drags Ford through the mirey clay. This could go on for years.

     

    Asia is the ace in the hole. If China continues to show rapidly growing interest in Ford products, then Ford could be in for a nice ride to profitable growth there, and that should eventually help cover the ongoing European losses.

     

    Until Europe's economy recovers, the Automakers there are in for a very rough time, and some industry consolidation and probable bankruptcy liquidation is inevitable. It is going to come down to whether the national governments decide either to protect their home-grown brands, or to allow them to merge or die.
    19 Feb 2013, 10:01 AM Reply Like
  • Engineer&Far
    , contributor
    Comments (106) | Send Message
     
    Ford seems to believe the National Socialist Workers politicians in Europe will keep propping up their national automakers. They are closing 3 plants, last I heard....the sooner the better it would seem. I don't believe the 'controlling' compulsions in these politicians will allow them to let the markets decide who folds and who stays.
    19 Feb 2013, 10:24 AM Reply Like
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