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Europe’s slow recovery triggers pessimistic expectations from carmakers


During the 2013 IAA Frankfurt Motor Show, top executives of carmakers warned they need to close more factories and cut more jobs – as unemployment remained high and bank lending weak, any recovery in demand is likely to be long and slow. According to bosses of automakers including Volkswagen, PSA Peugeot Citroen, and Ford Europe, the sales in Europe appear to ...
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latest automotive news
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Report – In drive to lower costs, PSA could give up prestigious headquarters location
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