Yesterday was essentially a day of reckoning for the European car industry as it was announced that yet another plant was to close. The Ford plant is the third closure this year and is set to add to the debt crisis and rising unemployment levels.
For the 12th month running, European car sales have continued to plummet. To add to the growing burden of recession demand for new cars is down by 10.8% in comparison with last year across the 27 EU countries.
Car maker Nissan has recalled around 50,000 Qashqais after a steering wheel fell off in one driver’s hand! It is thought that 7,300 cars are defect in the UK, whilst a further 45,500 are to be recalled from across Europe.
US car maker Ford has revealed a brand new range of car models in a bid to revive dwindling sales across Europe. The new collection will see best-selling models Fiesta, Mondeo and Kuga revamped in order to curb the £630 million loss estimated for this year.
The price of fuel is a concern for many drivers, but motorists that are crossing the Channel this summer could find it a bigger concern than others. France, Italy and Spain currently have the highest fuel prices.
This summer British holiday makers will be travelling by car to the continent. Over two million of the general public will do so in a bid to save money on travel expenses but little do they know it could end up costing a fortune.