EU Car Sales Reach 20-Year Low as Recession Hurts GM Demand

EU Car Sales Reach 20-Year Low as Recession Hurts GM Demand

Alexander Zemlianichenko Jr./Bloomberg

Registrations in the 27-member EU dropped 5.9 percent to 1.04 million vehicles from 1.11 million cars a year earlier, reaching the lowest level for the month since 1993, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said today in a statement.