European car buyers shrug off record fuel prices

Newswire

By Michael Shields, European Auto Correspondent FRANKFURT, Aug 18 (Reuters) - Undeterred by record fuel prices, Europeans continue to splash out for bulky fuel-guzzlers, rewarding manufacturers' efforts to improve efficiency and better market large, high-margin vehicles. Petrol topped 1.30 euro per litre ($6 per gallon) in Germany this week, but pump prices have not dampened Europeans' growing enthusiasm for sport utility vehicles (SUVs), nor have they increased sales of fuel-sipping ...

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