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Brakes ease on Europe’s car market

16/11/12 15:26 CET

The brakes have eased on Europe’s new car market. The European Automobile Manufacturers Association’s figures show the market shrank at a slower pace in October than in recent months.

But there were double-digit dips for nearly all the big car makers as buyers remained cautious in the economic gloom.

October’s decline may have been the second-smallest in a year but Peugeot, Renault and GM Opel are struggling to cut costs and survive the chill of the market.

Even Europe’s best selling brand Volkswagen posted a dip in sales.

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