​”In Crisis Mode”: EU Automakers Slide Into First Sales Slump In Two Years  – Tyler Durden

“In Crisis Mode”: EU Automakers Slide Into First Sales Slump In Two Years  The downturn in the European auto market is accelerating. Volkswagen, Mercedes, Aston Martin, and BMW have all cut their financial forecasts in response to the deteriorating conditions. A recently leaked memo from a senior Stellantis executive highlighted increasing concerns over the deepening auto slump. Bloomberg’s latest data shows the downturn continues to worsen.  New figures from the European Automobile Manufacturers’ Association show that new car registrations across Europe in September declined 4.2% compared with the same month one year ago, to 1.12 million units. This was the second consecutive month…  — Continue at ZeroHedge News : Read More