The report includes the European Union and European Free Trade Association members.

The report shows that Germany is the most auto selling country in Europe with 3,453,778 car sales.

The United Kingdom takes second place with 2,367,147 car sales.

Turkey takes the eight place with 486,321 car sales in total.

European automotive market has fallen by 0,04% in 2018 compared to 2017.

A total of 15,624,486 cars were sold in 2018.

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Fears of a trade war between America and China have ratcheted up another notch, hitting confidence in the markets.

Overnight, it’s emerged that President Donald Trump is drawing up a fresh crackdown on Chinese investment in the US.

New rules, which could be announced within days, would prevent firms with at least 25% Chinese ownership from acquiring American companies involved in ‘industrially significant technology’, such as robotics, electronic cars, and aerospace.

Trump is also planning to restrict US companies from selling certain technologies to China, using “enhanced export controls”, according to the Wall Street Journal.

Such a move would further damage relations between Washington and Beijing, following the threat of tit-for-tat tariffs.

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Source: BBC
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult with an expert before taking a decision based on the information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.