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85Euro car sales plummet to two-decade low

Just three months ago, as of April, the story was that the European car market registered its first gain in 19 months, consumer confidence was up "higher than average" and observers were hoping the month could be the first footstep in the trek to "legitimate recovery," even though Europe's four-month sales were down seven percent. The stats for June are a return to dark portents, with Bloomberg now reporting that sales for the month haven't been this bad since 1993. As a result, investor confide

5Car sales in Europe up for first time in 19 months

Automotive News reports the European automotive market has posted first gain in 19 months. Germany and Spain helped push the swell thanks to higher-than-average consumer confidence, though the EU saw registrations jump two percent overall compared to the prior year. In April, buyers took home 1.08 million new vehicles, up from 1.06 million during the same month in 2012. Analysts are hoping the news is the first sign of a legitimate recovery for a region that has suffered some of the slowest auto

21European auto sales hit 23-year low in January

Automotive News Europe reports new vehicle sales in the EU have hit a 23-year low after registrations plunged 8.5 percent last month. Ford, Peugeot-Citroën and Toyota all suffered the brunt of that fall, but a few automakers managed to make gains despite the negative trend. Opel, Vauxhall and Kia all saw sales increase, and Volkswagen Group managed to increase its market share by 0.8 percent. That's despite the fact that VW Group sales volume declined by 5.5 percent overall. Fiat sales, mea

245Analysts say Honda's growing woes in Europe not just the economy

There is no denying that the European auto market is taking its lumps right now – just ask Peugeot – but Honda might be taking this downturn on the chin a little harder than some of the other Japanese automakers doing business on the continent. Automotive News Europe is reporting that things have gotten so bad for Honda that it will be cutting 800 workers from Swindon, England plant that builds the CR-V, Civic and Jazz (a.k.a. Fit). This will be the first time Honda has made such cut

8Ford, Renault, VW shareholder oppose French aid for PSA/Peugeot-Citro├źn

Pots and kettles, glass houses and stones – that's a little of what we appear to have going on in the European car market. New reports say that that three European automakers have registered their opposition to a loan deal that PSA/Peugeot-Citroën is working on with the French government. Peugeot's finance arm, Banque PSA Finance, is struggling with its debts and has been downgraded by Moody's to its lowest investment-grade classification, one step above junk. This makes it more expen

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