Autos II

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Renault pushes electric vehicle sales

PARIS (Reuters) - Renault expects to sell between 20,000 and 40,000 electric vehicles in 2011, and break through the 100,000 unit threshold the following year, said Patrick Pelata, executive vice president of the fourth largest European carmaker by sales volume.

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Ferrari sees flat 2008 sales at least

PARIS (Reuters) - Ferrari said on Wednesday it should be able to sell the same number of cars -- if not more -- in 2008 as it did last year, but it stopped short of making a forecast for 2009 due to the global financial crisis.

Audi confident can achieve 2008 targets

PARIS (Reuters) - Volkswagen's premium brand Audi is optimistic it can achieve its full-year targets for revenue and earnings to rise in line with unit sales as the company is poised to break the 1 million car barrier in 2008.

Lamborghini sticks to 2008 sales target

PARIS (Reuters) - Super sports car maker Lamborghini still aims to increase unit sales by 5 percent this year, though it might feel the aftershocks of the global financial crisis like other luxury brands.

Leoni sees strong Q4 compensating weaker Q3

PARIS (Reuters) - German cable and wiring specialist Leoni expects to reach its 2008 targets thanks to a strong fourth quarter that compensates for a weaker performance in the three months to September, a management board member said on Wednesday.

Credit crunch pressuring car sales: AutoNation

DETROIT (Reuters) - The U.S. credit crunch is hammering even prime borrowers looking to buy cars and trucks in the United States, the chief executive of top U.S. auto dealership group AutoNation Inc said on Tuesday.

Nissan downbeat on Europe target but beats rivals

PARIS (Reuters) - Nissan Motor Co will have difficulty meeting its annual sales target set before car demand started to slide in Europe, but is confident of expanding its market share in the region, a top executive said on Tuesday.

Fitch very bearish on 2009 Europe auto market

PARIS (Reuters) - The European auto market is facing a sharp downturn in the coming year and frozen credit markets could mean additional pressure should carmakers reduce their financing operations, a Fitch analyst said on Tuesday.

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