Spanish car output slips 13 percent in 2005

Newswire

MADRID, Jan 26 (Reuters) - Spain's car production slumped almost 13 percent in 2005 and overall vehicle output was down nearly 9 percent, the national carmakers' association Anfac said on Thursday. "The main reasons are the stagnation of the European market, the fact that some models made here are nearing the end of their sales cycle, and that vehicles made in Spain have lost market share," Anfac said. Vehicles made in other European Union countries and in Asia had become very ...

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