European December Car Sales Fall 16% on U.S. Producers

“European car sales in December plunged the most in more than two years as recessions in the southern part of the region cut demand at Ford Motor Co. (F), General Motors Co. (GM) andRenault SA. (RNO)

Registrations fell 16 percent to 838,428 vehicles from 997,842 a year earlier, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said today in a statement. Full-year sales declined 7.8 percent to 12.5 million cars, with the slump in the European Union the worst in 19 years.

Carmakers have announced 30,000 job cuts….”

Full article