Global light vehicle production is now expected to fall more than 20 percent to around 71 million units in 2020 as a result of the COVID-19 pandemic and ensuing recession, a top automotive forecaster said Monday.
European new-car sales rose 8.6 percent in October, driven by robust demand in Germany and France and a rebound in demand for Volkswagen Group brands that were hit by the introduction of new emissions rules last year.
Volkswagen Group’s Audi and Porsche brands, Renault and Fiat Chrysler Automobiles led an 8.1 percent decline in European sales in November, as the introduction of tougher WLTP emissions tests continued to weigh on demand.
The European Automobile Manufacturers’ Association (ACEA) takes note of the final deal on the CO2 regulation for cars and vans, setting targets for the years 2025 and 2030, which was struck by the EU member states and the European Parliament today.
European automakers’ industry association ACEA warned that excessively steep cuts in carbon dioxide emissions limits on cars and vans could harm the industry and cost jobs ahead of a vote by the European Parliament on the new targets.
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