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Al Bawaba
November 1st, 2011 - 01:49 GMT

Weak car sales

Daimler and Volkswagen reinforced the gloomy outlook for Europe’s vehicle industry, revealing weak sales of premium cars and downbeat demand outlooks that overshadowed some robust truck sales data. The warnings fit with the signals coming from other car and truck makers, which have benefited since the industry’s 2008-2009 crisis from robust demand in emerging markets including Brazil and China, but now warn the outlook for Europe, beset by sovereign debt ...
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