Hyperdrive
Europe Car Sales Stagnate as Electric Vehicle Weakness Persists
- Registrations rose just 0.1% due to declines in France, Italy
- Electric-car sales are down 1.7% this year through October
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Car sales in Europe are flatlining, leading manufacturers including Ford Motor Co. and Volkswagen AG to push for cost cuts in response to muted demand.
New-car registrations inched up just 0.1% in October compared to a year ago, to 1.04 million units, the European Automobile Manufacturers’ Association said Thursday. Declines in France, Italy and the UK largely canceled out expansion in Germany, the region’s biggest car market.