Reuters - Video

EDITION: U.S. | U.K. | IN

Finance Videos

Car show revved up by Europe growth

Tuesday, Mar 04, 2014 - 02:19

Mar 04 - Strong car sales figures from Germany, Italy and Spain are adding to the growing optimism over Europe's autos market as industry executives gather for the Geneva motor show. But as Sonia Legg reports, a dip in French demand remains a worry.

▲ Hide Transcript

View Transcript

The Peugeot 308 may be the car of the year but the French auto industry won't be winning any prizes. Peugeot recently had to secure Chinese investment to avert disaster And now rival Renault has trimmed its growth forecast. But demand in Europe is finally picking up after a six year slump. Overall year-on-year sales jumped 5% - a fifth straight month of gains. Italy and Spain showed the biggest improvements eclipsing the region's largest market. Only France saw a fall. It's all helped create a buoyant mood at the International Motor Show in Geneva. Juergen Stackmann is CEO of Spanish carmaker Seat. (SOUNDBITE) (English): JUERGEN STACKMANN, CEO, SEAT, SAYING (English): "The important thing for SEAT is that the south is recovering. The Spanish industry seems to have more growth than last year and it was already recovering last year. So I would say that we are optimistic for the south of Europe specifically." But emerging markets that kept the industry going during the downturn may be going into reverse. Moody's says Brazil and India will see lower growth this year. Then there's the turmoil in Ukraine, which could have an unpredictable impact on Russia's car market. Redspy automotive consultant Jay Nagley. (SOUNDBITE) (English): JAY NAGLEY, MANAGING DIRECTOR, REDSPY, SAYING (English): "Car manufacturers see Russia as a great long-term bet because it is a giant market and it could grow to be easily the biggest in Europe in theory. And secondly, Russia has put a lot of work into creating an environment in which car manufacturers invest in the country rather than import their cars. So what's happening today could turn Russia into another crisis market just as the crisis in Europe is abating" Even China may not grow as fast as before. Forecasts are for 10% growth rather than the previous year's 13%. That could hurt some of Europe's prestige brands. Ralf Speth is CEO of Jaguar Land Rover. (SOUNDBITE) (English): RALF SPETH, CEO, JAGUAR LAND ROVER, SAYING (English): "We see that Europe is coming back, levelled out; we see that the US is coming back and I see that China is still growing at 7-8 percent GDP growth which means it's a solid growth also for us." Recovery in the US will also help as will the latest in-car technology. Voice controlled apps for drivers just one of the gadgets on show. Apple is also joining forces with Ferrari, Mercedes and Volvo to make its phones compatible with their cars.

Car show revved up by Europe growth

Tuesday, Mar 04, 2014 - 02:19

Top News »

Money »

Finding meaning in the S&P 500 2000 mark Finding meaning in the S&P 500 2000 mark

Mon, Aug 25, 2014 - (2:35)

S&P falls back from record high S&P falls back from record high

Fri, Aug 22, 2014 - (1:35)

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)