Solid European Car Sales Expected After Chip, Virus-Hit 2021, But Profits May Sag

  • 📰 Forbes
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

2021 was meant to be a big recovery year for West European auto sales but they are now expected to fall 2.7% according to LMC Automotive. In 2022 sales should rebound 7.1%, but profitability will be under pressure in the 2nd half.

Fitch recently reported improved ratings on Stellantis, the multi-brand company formed by the merger of PSA group and Fiat-Chrysler, Volkswagen, Daimler and Renault. .

Investment bank UBS expects auto makers' earnings momentum will be maintained at least in the first half of 2022.But the industry is likely to revert to old, bad habits of seeking market share at the expense of profits as production returns to normal. Worries about winners and losers, as the electric car revolution and autonomous cars gain momentum, will worry investors.

“During a rapidly accelerating shift towards electric cars, and shrinking ICE car sales as a consequence, old bad habits will likely be back soon. We think investor focus will then shift again to who wins in electric and autonomous vehicles and software-enabled businesses. Concerns about discretionary spending in a higher-inflation environment will also come into focus, especially in the low-end part of the market,” Hummel said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Lol, who said you need $1000? A lil start up worth $200-$300 is a nice shot to invest on bitcoin , now that the bitcoin market rate is increasing....this is the best time to invest and earn Dm Mrs Nichelle_1111 now if you want to start making formidable profit within a week

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WBTV Selects 10 Drama Students For 2021 “Actors In Training” Virtual Casting InitiativeEXCLUSIVE: Warner Bros. Television has announced the ten performers selected for its second annual “Actors in Training” virtual casting initiative. The program launched last year with t… warnerbrostv *-* ...whoa! 🥲 ✨ Waaahhh amynd1 !!!! 👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼 🥳 congrats you legend!
Source: DEADLINE - 🏆 109. / 63 Read more »

The 18 Best Looks From the 2021 American Music AwardsFeaturing... Kim Namjoon! Kim Seokjin! Min Yoongi! Jung Hoseok! Park Jimin! Kim Taehyung! Jeon Jungkook! BTS!
Source: Fashionista_com - 🏆 474. / 51 Read more »

The 2021 Cash Gifts Guide: From Crypto to Tungsten CubesCash tucked inside a Hallmark card is a present that is reliable and traditional. Nonfungible tokens and digital money are now an option for more adventurous gift givers, but it takes some planning. NFT printed and framed No Absolutely not.
Source: WSJ - 🏆 98. / 63 Read more »

Why Frances Haugen Is One Of The World’s Most Powerful Women In 2021The Facebook whistle-blower isn’t the typical person to make it onto Forbes’ annual ranking, but she’s quickly gained massive influence from the content of the Facebook Papers and her ability to make complex tech issues comprehensible to lawmakers. How’s Harvey?
Source: Forbes - 🏆 394. / 53 Read more »

Earthquake, Magnitude 5.8 - OFF COAST OF OREGON - 2021 December 08, 01:21:06 UTCMagnitude: Mw 5.8, Region: OFF COAST OF OREGON, Date time: 2021-12-08 01:21:06.3 UTC, Location: 44.18 N ; 129.54 W, Depth: 10 km.
Source: LastQuake - 🏆 653. / 51 Read more »

Paris Jackson and Halle Berry shine on People's Choice Awards 2021 red carpetStars turned out in force for the annual People's Choice Awards in Santa Monica on Tuesday, with the likes of Halle Berry looking stunning on the red carpet
Source: Mirror Celeb - 🏆 476. / 51 Read more »