World automotive industry goes to a dark tunnel .. closures of factories
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World automotive industry goes to a dark tunnel .. closures of factories

Beijing : China | Oct 28, 2012 at 12:35 PM PDT
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Peugeot plans to unveil its Citroen C5 in China early next year

The European car industry saw black weeks on the announcement of the closure of three factories of Ford added tof "IPS Peugeot Citroen", and also to the growing concern for manufacturers with the exception of "Volkswagen". .

According to the French news agency, "Ford" also intends to give up 13 per cent of its workers and reduce production capacity TONGS 18 per cent in the region, which has become an "abyss" for them with the financial forecast record losses of over $ 1.5 billion in 2012. And so do "Ford" suit "IPS Peugeot Citroen" intends to close the factory "-sous-Bois" (three thousand jobs) in the suburb of Paris in 2014. And the same goal: to reduce production capacity in western Europe, where car sales fell by 20 per cent since 2007 and is expected to return to normal sales before 2015 or even 2018, according to estimates. IPS reduced predict growth in European markets in 2012 after witnessing the turnover decreased by 3.9 per cent in the third quarter.

According to the analyst, who asked not to be identified, it is expected to get closures of other factories, and in the forefront of companies exposed to this in view Opel, a subsidiary of U.S. group General Motors.

The group GM failed , which closed several plants during the economic crisis in 2008-2009 in the United States, to improve their position in the European continent .. Cooperation projects with "IPS" that was announced this week, which will produce cars jointly manufactured from 2016 onwards, is able to bring about change.

According to the analyst, the Italian Fiat company in turn may close one of its factories. But the situation is different for the group, French "Reno" which saw its turnover fall by 13 per cent, which expects sales to fall in 2012 by 5 per cent. Daimler (Mercedes - Benz and Smart) reduced forecasts for 2012 and want to save two billion euros by the end of 2014. The auto giant first European "Volkswagen" Vickl is exception among his peers.

The Volkswagen Group includes twelve brand (including the high-end and luxury) and has a strong presence on the international level, and succeeded in overcoming the effects of the crisis in Europe.

The New China News Agency (Xinhua) said that Japanese companies do not participate in the exhibition, which lasts six days in Shenyang, capital of Liaoning province in northeast China and ends next Sunday.

Sales of major Japanese auto companies in the Chinese market during September, compared to the same month last year. Toyota sold 44100 cars in China last month, a decrease of 48.9 per cent from the same month last year.

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Peugeot Citroen will boost production capacity at its Dongfeng plant from 450,000 units to 750,000
Peugeot Citroen will boost production capacity at its Dongfeng plant from 450,000 units to 750,000
Fury60 is based in Cairo, Kairo, Egypt, and is a Reporter for Allvoices.
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