european union

Ford brought in $5.7 billion in net income during 2012, which is around $307 million less than one year prior. Even so, the automaker closed out 2012 with the highest pre-tax profit for a single quarter in nearly 10 years, earning $1.7 billion in the fourth quarter thanks largely to a ...

Recently, the finance arm of PSA/Peugeot-Citroën was in such debt trouble that it was pricing itself out of the car loan market. The rates it was paying to service its debt, which was rated one step above junk, were so high that it was forced to charge car-buying customers higher rates than ...

Bloomberg reports the European Union is set to require tire manufacturers to include new labels detailing everything from the rubber's wet-traction performance to fuel efficiency and noise levels. Each tire will receive a rating on an A-to-G scale for wet traction and fuel efficiency, wherein A ...

The bad economy looks to be getting deeper over in Europe. The latest evidence is German carmakers' desperate efforts to prop up badly-lagging sales. Last month, European discounts on German brands averaged 12.2 percent. And now, Mercedes-Benz is offering a 3000-euro ($3,900) trade-in incentive ...

Police in Paris fired tear gas at demonstrators outside of the Paris Motor Show today. Around 1,000 protesters showed up in an attempt to break through police lines and gain access to the show in a demonstration against further austerity measures. The group included workers from a PSA Peugeot ...

One of the French government's listed initiatives for aiding its ailing automotive sector, especially Peugeot, was asking the European Commission to keep an eye on imports from South Korea. The EU signed a free-trade agreement with South Korea last year, and France is concerned that might be ...

Porsche won't put its second crossover into production for another year, but the Macan is already causing some controversy. Not the Porsche-has-sold-its-soul controversy that accompanied the launch of its big brother Cayenne, but the why-is-the-German-government-subsidizing-it kind. According to ...

We've got bad news for you if you had your heart set on the smaller version of the Volkswagen CC. Car and Driver reports the German automaker has decided the four-door would simply be too expensive to sell in the American market. The article cites unnamed European sources as saying the vehicle ...

Figuring out post-doomsday scenarios can make for hours of fun, but short of a cinematic "Kill them all!" they're rarely that accurate. That's because we never know which entrance doomsday is going to use, and the big doomsday is often followed by little doomsdays (as this year's Japanese ...

Ward's Auto reports the European Commission is pushing new measures that could burden automakers with stiff noise regulations for cars, buses and trucks. Under the proposed legislation, automakers would need to curb vehicle noise levels by two decibels two years after the legislation's wording is ...