According to the Washington Post, European automakers are moving forward, both sales and finances. DaimlerChrysler, for example, saw profit rise fifteen percent in 2005. And though PSA Peugeot Citroen lost profit-wise last year, the French company sees sales numbers increasing.
What’s especially interesting is the sharp differences between the European and American automakers, making it difficult to compare the two markets. European automakers do not have “legacy costs” such as employee health care and retirement benefits to provide for their employees. And rising gasoline prices barely affected sales since Europeans use smaller, diesel-powered vehicles.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Cars for Sale Near You

    Share This Photo X