European Auto Market Begins to Bounce Back as Economy Improves
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The European car market is showing the first signs of improvement as a recession ends in the 17 countries using the euro, industry executives said.
Car sales in July rose in Germany, France, the U.K. and Spain, and the decline in Italy was the least this year, following a drop across the region in June to the lowest demand since 1996. Ford Motor Co.’s deliveries last month in its 19 main European markets increased 8.7 percent from a year earlier to 90,000 cars, the Dearborn, Michigan-based company said today.