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Cars Blog

Grim U.S. car sales seen, but incentives help in Europe

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April 1, 2009 12:07 pm
By Peter C. T. Elsworth

PARIS/DETROIT - The U.S. auto industry struggled to restructure and added deals to get buyers back into their showrooms, hoping to mimic the incentive-driven successes their European rivals started to see during March, according to Reuters.

The embattled U.S. car companies were set to release March sales figures on Wednesday, starting about midday, and they are expected to fall to 40-year lows. Fears about the sales sent auto shares lower in early New York Stock Exchange trade.

...

Car sales in Asia tumbled.

But government incentives in Europe encouraging cash-strapped consumers to ditch old cars for new models began to bear fruit.

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