![]() ![]() In 2022, markets were stagnant at best, but profits were high because of weird conditions. ACEA, the European carmakers association known by its French acronym, expects sales in the European Union (EU) to slip 1% this year after predicting a return to growth. The list of no-shows included Stellantis’s Fiat, Maserati and Alfa-Romeo, VW and its Audi, Porsche, SEAT and Skoda subsidiaries, BMW and Mini, Hyundai and its Kia affiliate, Jaguar Land Rover, Toyota and Lexus, Mercedes, Subaru, Volvo, and Ford.Įuropean markets are weakening and this is likely to accelerate in 2023. BMW unveiled its M2 before the Paris show. Volvo will launch its big EX90 next month. ![]() Mercedes isn’t appearing at the show but launched its EQE electric SUV at the Rodin Museum in Paris. ![]() Volvo’s (owned by China’s Geely) Polestar recently launched its 3 SUV in Copenhagen, where it didn’t have to share headlines. They are expensive, and there are better ways to launch new products. Manufacturers are no longer sold on the idea of car shows. Mondial de l’Automobile 2022 was the first Paris show since 2018 because of the Covid pandemic, and many global automakers decided not to attend. The case for electric car subsidies was made at least for France when President Emmanuel Macron announced a scheme giving people on lower incomes better breaks to buy electric cars. “I do not see this parity getting close,” he told reporters at the show. ![]()
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