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War Hits Europe Car Sales Recovery, Undermines Manufacturers

  • Vehicle sales plunge 19% in March, forecaster cuts outlook
  • VW, Siemens Energy warn of worsening prospects on war fallout
New-car registrations in Europe fell 19% in March.

New-car registrations in Europe fell 19% in March.

Photographer: Angel Garcia/Bloomberg
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The war in Ukraine is deepening European manufacturers’ supply-chain woes, eroding expectations for a recovery in the region’s car sales and spreading to industrial giants like Siemens Energy AG.