Breakingviews: No profitable recovery for Europe car makers
Wednesday, September 11, 2013 - 03:33
Sept. 11 - Bosses at the Frankfurt motor show agree things are picking up in Europe. But with increasing demand and a tech arms race in full flow, hefty investment is a must, says Breakingviews.
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Rice now on today's breaking views European also decide recovering very European order has recovery faces an investment drag according to -- is breaking news. Chris uses the Edison parent -- joins me I'm all right this story. Has been from -- years that we spoke incident. The recovery is coming it's going to be long and slow improbably quite painful. I'm your report so you'll economists is now saying is it's it's also not going to be particularly profitable. -- Well that's the tricky thing because -- says there is this consensus. The first -- sorted. Among topics and what he's seen mr. grieve the the west is is probably polls let's -- -- it's been puts he back. Really -- -- European ultimately it sells -- the collapse. -- the crisis. People putting off. Decisions upon calls from very over his reasons -- that and and if you already had an industry that was plagued by overcapacity. As well -- Recovery and longer than two a missiles multiples now that the tenth. Tenth confused back -- the market -- and optimum say it. On that basis says -- sort of plausible recovery story that it wasn't a bomb I don't know back -- -- -- -- -- -- -- -- -- I thought this is such skeptic very different -- YouTube clip is this speak heavens look at clearly though the recovery in. In the month if it comes in this this is being this is being anticipate that's not really bag right. But it also it coincides with with -- because of technological inflection point for the industry today. Well you you have this incredible and that's what's been going on amendment and and you clean yeah low emission tests. Economists hybrids all of excellence that cost some lots of money let's face at a Chicago pretty expensive an awful lot of money and as not clear exactly which technology is gonna gonna prevent and it's compute that sold most of alternatives out. And is the brave person to. Things that they can pick to win. An industry -- on the cutting back kind of review radical -- -- -- think that would that regardless this this. Improving -- Chris worth and proven to mom's story. But how do you -- went with -- you know which comic who is this going to be. Beat that whole -- investments that -- technology with the naturally. And -- the whenever it's actually quite difficult times. And let him back and just enough. However have a view on on news. He's not making himself -- it is it is still -- delay in -- -- that -- has been a bit more time this. With the with the Bermuda it will be it will be it will be -- it would be quite brave to actually. Clinton wants and engine which is which is you know dominate the most and that we've gotten the -- and the alliance atlas. In that the amount of money that he's given this I mean the risk if it doesn't pay off. You know that the the risk in terms of this for all the runs -- has produced there. All right Chris and thanks for that pursues a break he used more agenda setting -- do what's our US bring you show every day twelve birdies in seventeen that he PS2. On them on of course you can get all the breaking news stories on the breaking news sites. How much of problems is sources.
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