European Car Market in Crisis | Made in Germany
  • 11 years ago
While globally positioned automakers such as VW, BMW and Daimler are celebrating record sales, carmakers focussing on the European market are in deep trouble. It's not only the Eurozone crisis that's to blame. The European automotive market has shrunk by 20 percent since 2007. About 3 million fewer cars a year are being sold. Ford, Opel and Peugeot have to close down factories. Fear is rife. Will 2013 be a fateful year for the industry? A report by Kerstin Schweizer.
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