GERMANY: Labour chief fears Audi production cuts
Audi could halt production of its high-end luxury vehicles early next year if a slump in western European auto markets worsens, Audi's top labour leader told Reuters.
German premium car makers have been considered immune to the crisis buffeting Europe’s volume carmakers but slowing economic growth and persistent unemployment is keeping customers out of the showrooms.
Audi has already twice stopped the line for a week at its second-biggest plant in Neckarsulm in early and late October affecting production of models including the A7 coupe, the A8 sedan and R8 sportscar.
Audi works council chief Peter Mosch told Reuters: “Should the market situation deteriorate considerably at the start of next year, then it is possible that further action may have to be taken.”
Possible stoppages could also hit Audi's main plant in Ingolstadt at some stage, Mosch said. The company produces about 1,200 cars a day in Neckarsulm and about 2,500 in Ingolstadt.
Research firm IHS Automotive believes that production in Neckarsulm could fall 6.8% next year to 243,348.
Reuters noted that Audi, which accounts for almost half of VW group's operating profit, is not the only luxury car maker to address weak demand.
Daimler last month cut production of its flagship S-Class until the next version of the model was ready to debut in mid-2013. Porsche plans to cut Saturday shifts from January at its main factory in Zuffenhausen which assembles the 911 model and the Boxster/Cayman.
At the Paris show in September, Audi chief executive Rupert Stadler said that the European car market may stagnate in the next year or two.
LMC Automotive's service provides customers with the very latest monthly estimates of passenger car production across all of Europe. Updated monthly and provided model-by-model, and available only via...
The analysts writing this report forecast the Global Automotive Camera Module market to reach US$1,554.72 million by 2016....
We live in strange times. As Fisker, a rival with supposedly superior range-extending technology falls apart, the value of Tesla rises yet again, this time by almost two percent on Wednesday to US$9.7...
This report is based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the APAC and EMEA regions; it also covers the Global Advanced Driver Assistanc...
Although the Chinese car market is expected to see growth of around 10% this year, prospects for premium brands have deteriorated as a result of the Chinese government's anti-corruption campaign, acco...
- ANALYSIS: ZF puts in place a growth strategy
- THE WEEK THAT WAS: Big fish eaten by bigger fish
- VEHICLE ANALYSIS: MY2014 Peugeot 2008 1.2 VTi 82
- COMMENT: The UK's Scotland and EU parallels
- ANALYSIS: Mercedes-Benz future model plans
- PARIS DEBUTS: Kia Optima diesel hybrid concept
- Largest Rolls-Royce order ever bound for Macau
- Jaguar launches India assembled XJ
- ZF to buy TRW after $13.5bn deal agreed
- GM Holden starts axing engineers - report
- Global Carsharing Market 2014-2018
- Bayerische Motoren Werke Aktiengesellschaft (BMW) - Financial and Strategic SWOT Analysis Review
- PLDB - vehicle cycle plan database (annual subscription)
- OLED Display Forecasts 2014-2024: The Rise of Plastic and Flexible Displays
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn