European Auto Manufacturers Dashboard 2H14

...Mounting Concerns in Key Emerging Markets Sales and profitability in several emerging markets, including China, Russia and Brazil have come under growing pressure since early 2014 as a result of renewed geopolitical, political and economic issues. In Russia, the auto market is contracting because of customers' increasing concern about the impact of the Ukraine crisis. In China, investigations about alleged antitrust and illegal pricing practices have led to price cuts on some vehicles and spare parts as well as fines for carmakers including BMW AG, Daimler AG and Volkswagen AG. In several Latin American countries, notably Brazil and Argentina, auto sales are falling because of a combination of economic slowdown, political uncertainty, lack of credit availability and a tax increase in January 2014 in Brazil, which are hurting consumer and corporate confidence. What to Watch Possible Escalation in Russia: Potential economic sanctions against European auto manufacturers exporting to Russia...

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