MADRID – The Spanish automotive industry ended 2012 with a positive trade balance of nearly €10.6 billion ($13.8 billion), up 6.7% from prior-year, thanks to a surplus of more than €14 billion ($18.3 billion) in revenues from vehicle exports compared with imports, according to a report by ANFAC Research, a branch of the association of auto makers operating in the country. “The evolution of the balance, with the export rate declining much slower than the import rate, ...
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