Growth in the European car industry is expected to slow to 1 per cent in 2017 but remain stable amid market uncertainties that include Britain's pending exit from the EU, the European Automobile Manufacturers Association (ACEA) said Wednesday.
The 1-per-cent forecast comes after EU passenger car sales grew by 6.8 per cent in 2016 with 14.6 million cars sold, reachingRead more
German auto giant Daimler on Thursday expressed confidence for the outlook this year after achieving new record levels of sales and earnings in 2015.
But investors were still disappointed because Daimler said it was projecting only a "slight" increase in business and profits this year.
"Daimler grew profitably once again in 2015 and once more achieved record levels of unitRead more