France's auto industry saw its worst numbers in 2013 in 15 years. Sales are stagnant, demand is low, and French carmakers are way behind international competitors in growing markets.
The US-China trade row has seen carmakers worrying about their exports to the world's second-largest economy. German auto manufacturers are particularly concerned and suggest removing industry tariffs completely.
The threat of steeper US tariffs on EU-assembled vehicles could lead to a global trade war. German automakers, which produce more vehicles in the US than they export there, are in the Trump administration's crosshairs.
French auto giant PSA has announced its withdrawing from its joint venture activities in Iran to avoid looming US sanctions. The company is instead looking to launch a car-sharing service in the United States.
French carmaker PSA has reported a strong sales increase for the first three months of the year after taking over struggling German auto manufacturer Opel. Employees at Opel's sites in Germany fear layoffs.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version