GM Europe sales slump amid uncertainty
Sales of General Motors cars slumped in Europe during June, even as the broader auto market improved for the first time in 14 months, data released on Wednesday showed. Europe-wide, auto sales rose 2% in June, the ACEA trade association reported, as incentives to scrap old cars and buy new ones have spurred demand. Car sales in Germany jumped 40% and Italian sales rose 12%, even as those two export-oriented economies are continuing to be mired in recession.
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