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European car sales slump to 17-year low

2013-01-16 2 Dailymotion

Sales of new cars in recession-hit Europe fell to their lowest in 17 years last year. <br /><br />That leaves the region' s mass market manufacturers with little room for manoeuvre as they try to cut costly excess production capacity.<br /><br />At the same time profits are under threat from the aggressive discounting needed to get potential buyers into showrooms.<br /><br />...<br />http://www.euronews.net/

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