European recovery could take years; carmakers

Europe’s ailing car market has weakened further in recent months; and with no signs of recovery, some industry leaders hope governments will relax their opposition to plant closures and job cuts needed to restore profits.

At the Geneva car show this week, executives from top players including Ford, Fiat, Daimler and Renault warned that demand in Europe would stay weak for years as governments drive through austerity measures.

via Business feed http://www.scmp.com/business/companies/article/1182425/european-recovery-could-take-years-carmakers