BMW not immune to European sales slump.
PARIS – The European automotive market probably will rebound somewhat this year but likely will stay flat for the following three or four years, says Stuart Pearson, an industry analyst for Morgan Stanley based in London. A 25% tumble in sales from peak levels in 2007 is worse than either the 12% collapse during the oil crisis of the 1970s or the 17% collapse in the early 1990s, says Pearson, speaking at the Automotive News Europe Congress. The decline resembles the Japanese ...
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