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Ethiopia: Authorities forces take key city of Shire in Tigray, rebels say

Ethiopia: Authorities forces take key city of Shire in Tigray, rebels say

The European new automobile market recorded a slight rebound in September. The expansion illustrates particularly the efficiency of the Volkswagen group, in response to figures printed on Tuesday by the Affiliation of Producers (ACEA).

That is the second consecutive month of enhance after 13 consecutive months of decline. However the foundation for comparability was very weak: September 2021 had been crippled by shortages of digital components.

And the market stays at a restricted stage with 787,000 automobiles bought.

In the principle markets, this rebound in September was significantly marked in Germany (+14.1%) and Spain (+12.7%), and fewer so in France (+5.5%) and Italy (+5 .4%).

Throughout the first 9 months of the yr, the European market fell by 9.9% to six,784,090 models. Italy recorded the biggest drop (-16.3%), adopted by France (-11.8%), Germany and Spain (-7.4% every).

The European No. 1, Volkswagen, skilled a powerful rebound in September, significantly at Skoda, Audi and Porsche. This efficiency improves its figures for the primary 9 months of the yr (-13.9% and 1.7 million automobiles bought).

No. 2 Stellantis has been probably the most affected massive group because the begin of 2022 (-17.2% and 1.4 million automobiles bought), with sharp declines in its Jeep, Fiat and Citroën manufacturers.

After sharp falls in earlier years, the Renault group is holding up nicely (-6.4%), pushed by the efficiency of its financial system model Dacia.

ACEA expects the European automobile market to fall even decrease in 2022 than in 2021.

Because the spring of 2021, the automotive market has been held again in Europe and America by a collection of logistical issues, together with a scarcity of semiconductors.

These digital chips, primarily produced in Asia, are important for the manufacture of telephones and laptops, but in addition vehicles which carry ever extra electronics.

With chip provides stabilizing, ACEA predicted a rebound in auto gross sales within the second half of 2022, however the battle in Ukraine dampened that optimism.

New automobile gross sales on the continent are anticipated to fall to 9.6 million models in 2022, -1% from 2021, and -26% from 2019, earlier than the pandemic, ACEA stated in early October. .

This text has been printed robotically. Sources: ats / awp / afp

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