Auto Industry Growth in Europe to Slow to 1 per cent in 2017
Auto Industry Growth in Europe to Slow to 1 per cent in 2017
Brussels - QNA
Growth in the European car industry is expected to slow to 1 per cent in 2017 but remain stable amid market uncertainties that include Britain's pending exit from the EU, the European Automobile Manufacturers Association (ACEA) said Wednesday.
The 1-per-cent forecast comes after EU passenger car sales grew by 6.8 per cent in 2016 with 14.6 million cars sold, reaching the highest volume in nine years, dpa reported.
ACEA President Dieter Zetsche said Wednesday that consumer confidence has so far remained "robust" despite fears over Brexit and political uncertainty in Europe.
"Much will depend on the evolution of macro-economic conditions and political developments, but we expect our market to remain stable," Zetsche said.
He noted that two pieces of EU legislation on emissions testing entering into force in 2017 will be "essential measures to win back the trust of customers" after the fallout from the emissions scandal involving Volkswagen, Europe's largest carmaker.
Source: QNA
- Friday ,22 December GMT 12:54 2017 Baidu accuses former exec of stealing self-driving car technology
GMT 15:26 2017 Friday ,22 December
VW sacks executive jailed over 'dieselgate': reportGMT 12:54 2017 Friday ,22 December
Baidu accuses former exec of stealing self-driving car technologyGMT 17:41 2017 Wednesday ,06 December
UK car sales extend slump: industry bodyGMT 14:49 2017 Sunday ,19 November
US rejects Ford petition to delay recall of 3m vehiclesGMT 19:06 2017 Wednesday ,08 November
BMW revs research spending higher, profits fishtailGMT 10:33 2017 Tuesday ,24 October
Singapore to freeze number of cars on its roadsGMT 13:26 2017 Tuesday ,17 October
Tesla sacks hundreds of workers on Model 3 stall: sourceGMT 21:18 2017 Saturday ,07 October
Tesla delays big rig truck debut; Model 3 in ‘production hell’
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens moreGMT 10:46 2018 Tuesday ,16 January
The Rake announces editorial updatesGMT 11:51 2018 Tuesday ,23 January
Europe brings on charm and blue skiesGMT 10:46 2017 Tuesday ,19 December
For the Variety of Interior Design StylesGMT 13:44 2018 Monday ,22 January
US Christian tourists see deep meaningGMT 10:03 2018 Tuesday ,23 January
Amazon to open first cashierless shop
GMT 09:45 2018 Friday ,19 January
Syria threatens to 'destroy' Turkish warplanesGMT 17:41 2011 Thursday ,12 May
Scottish football, Celtic winGMT 00:48 2012 Sunday ,11 March
Fairmont acquires Fairmont Sonoma Mission Inn & Spa
GMT 02:53 2017 Friday ,14 April
BJP youth wing leader offers bounty on Mamata's head
GMT 00:57 2017 Sunday ,16 April
EU Parliament could summon Le Pen over funds before French presidential runoff voteGMT 10:35 2011 Tuesday ,07 June
Saudi house backs women voting right in 2015
GMT 17:11 2017 Thursday ,12 January
Spanish King Felipe VI arriving on 3-day
GMT 15:27 2017 Sunday ,05 November
Agence De Parfumerie announces celebrity fragrance signings
GMT 08:08 2015 Monday ,23 February
White and silver, lots of beadsGMT 15:20 2011 Monday ,09 May
Djokovic puts Nadal\'s top tennis spot under threat
GMT 23:56 2015 Sunday ,30 August
Etisalat Award dates revised to September 15
GMT 18:21 2014 Thursday ,31 July
C295 aircraft in SAR configuration ordered by Brazil
GMT 12:01 2015 Saturday ,18 July
Yemen ministers back from Saudi exile in 'liberated' Aden
GMT 21:50 2013 Saturday ,28 September
Venturi aims for EV speed record
GMT 09:28 2015 Friday ,27 March
Saudi says gradually resumes flights at southern airportsGMT 19:58 2011 Saturday ,07 May
Egypt political forces meet to protect revolution
GMT 17:23 2017 Friday ,21 April
Raja’s footballer happy for returning to pitch
GMT 05:12 2016 Wednesday ,28 December
UAE markets to remain closed on Sunday, January 1
GMT 09:09 2017 Thursday ,23 February
Seeks Tokyo gold, and more
GMT 00:03 2016 Thursday ,08 December
India Launches Remote Sensing Satellite RESOURCESAT-2A
GMT 14:28 2014 Wednesday ,19 November
Surge in Jewellery Arabia 2014 exhibits in Bahrain
GMT 22:45 2017 Thursday ,16 February
Murder of 2 reporters in Dominican Republic
GMT 08:06 2017 Saturday ,19 August
Nadal, Pliskova face double duty to reach semi-finals
GMT 14:21 2017 Friday ,21 April
Jaber commemorates 42nd anniversary of Lebanese war by a play
GMT 04:58 2017 Tuesday ,02 May
Hyatt plans to double brand presence in Mideast
GMT 21:27 2017 Sunday ,22 January
Trump-Netanyahu meeting may be heldGMT 10:52 2012 Thursday ,07 June
Innovative plate collection
GMT 09:12 2017 Thursday ,04 May
Siemens says on track for full year after steady Q2
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor