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Europe In Auto Funk

New car registrations in the European Union fell by 8.2% in 2012, dropping to their lowest level since 1995, according to figures from the European Automobile Manufacturers Association. And with the European Union still struggling to resolve its debt crisis and pull out of recession, industry analysts fear the situation may get worse this year – a situation that could prove disastrous for some of the continent’s weaker manufacturers who have already racked up billions of dollars in losses.

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