* France - Renault first-half sales fall 1.9% on European decline
Paris,France -Bloomberg News/The Detroit News, by Mathieu Rosemain -July 12, 2013: -- Renault SA, France’s second-biggest carmaker, said first-half vehicle sales fell 1.9 percent as a sixth annual contraction in Europe’s car market more than offset increases abroad... Deliveries dropped to 1.3 million cars and light commercial vehicles from 1.33 million a year earlier, the Boulogne- Billancourt, France-based company said Friday in a statement. Renault stuck to a forecast of a 5 percent decline in industrywide European car sales in 2013 while lowering its prediction for world auto-market growth to 2 percent from an estimated 3 percent gain... Renault Chief Executive Officer Carlos Ghosn, who is also head of Japanese partner automaker Nissan Motor Co., predicted on July 6 that the European car market will probably shrink further in 2014 and 2015 as rising unemployment continues to sap consumer demand, and that he sees no “trigger” to revive the economy...
* France - Peugeot proposes early-retirement plan in France to lower costs
Paris,France -Bloomberg News/The Detroit News, by Mathieu Rosemain -July 12, 2013: -- PSA Peugeot Citroen, Europe’s second-largest carmaker, plans to offer French workers incentives to take early retirement to trim costs and return to profit, according to a union official... In talks with unions Friday, Peugeot proposed a bonus equivalent to 1.5 months salary to employees that either retire early of work part-time for lower pay... The plan would be available to French workers at least 57 years old, which totals 5,600 people... Staff that work part-time would receive 70 percent of their gross salary for as long as 36 months and workers would keep full retirement benefits. Financing of the plan hasn’t yet been discussed... Peugeot, which reported a $752 million operating loss last year, has started to implement a restructuring plan that includes closing a factory on the outskirts of Paris and eliminating 11,200 positions in France. Peugeot’s home country accounted for 40 percent of the company’s production last year...
* Germany - Daimler profit jumps to 5.2 Billion Euros on gain from EADS exit
Stuttgart,Germany -Bloomberg News/The Detoit News, by Christoph Rauwald -July 12, 2013: -- Daimler AG, the world’s third- largest marker of luxury cars, posted second-quarter profit that exceeded analyst expectations, boosted by one-time gains... Earnings before interest and taxes rose to 5.2 billion euros ($6.8 billion), lifted by a positive 3.2 billion euros booked in connection with the sale of the manufacturer’s final stake in Airbus SAS parent European Aeronautic, Defence and Space Co., the Stuttgart, Germany-based company said Friday in a statement. Daimler reported Ebit of 2.24 billion euros a year ago, according to the company’s website...Labels: automakers news Europe
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