MADRID – The sales slowdown in Western Europe is taking a severe toll on manufacturing in Spain. New-vehicle demand here plunged 41.0% in August, and forecasts are the market will wind up 2008 25% below year-earlier levels. And Spain isn’t alone among the top five markets when it comes to slumping sales. Double-digit declines also were posted in August in Italy (26.0%), the U.K. (18.6%) and Germany (10.4%), while France finished the month down 7.1%. The U.K. figure may be the most ...
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