You are here

Carmakers face uncertain future with slump in global demand

Ford is planning to cut about 10% of global workforce while Nissan and Toyota are expecting a drop in profit this year

BT_20170518_NAHAUTO18DX6U_2891172.jpg
A Suzuki car factory in Esztergom, Hungary. European car sales fell the most in four years in April as the shift of Easter from March reduced buyers' time for shopping, while registrations in the UK were further sapped by tax changes.

Sydney

THE world's car industry just hit a pothole.

Car sales in western Europe fell 6.8 per cent in April, their biggest drop since 2013, as a late Easter and the effects of tax changes sapped demand in the UK, the region's second-biggest market.

Such local difficulties

sentifi.com

Market voices on:

Powered by GET.comGetCom