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European Union car sales in May fell to a 20-year low as rising joblessness  contributed to falling demand at PSA Peugeot Citroen, Renault and General Motors.  Photo: Bloomberg

European Union car sales in May fell to a 20-year low as rising joblessness caused by a recession in the euro region contributed to falling demand at (...)

Holland’s byzantine network of tax treaties has led to some 23,000 shell companies setting up in the country

There was a sharp intake of breath in The Hague at the end of March when a senior executive of Starbucks told a British parliamentary inquiry he could(...)

The new Ferrari La Ferrari (F150) debuted at the Geneva motor show in March. Photographer: Chris Ratcliffe/Bloomberg

Ferrari plans to reduce sales to fewer than 7,000 vehicles this year to “maintain the exclusivity” of the brand. “We made this decision (...)

Fiat’s trading profit declined to €618 million from €806 million a year earlier, the company said. Photograph: Reuters/Mansi Thapliyal

Fiat, the Italian automaker that controls Chrysler Group, said first-quarter profit fell 23 per cent on costs for new Jeep model rollouts. (...)

Dan Akerson, General Motors Chairman and Chief Executive Officer delivers a speech 
 at the Adam Opel AG headquarters in RuesselsheimApril 10, 2013. General Motors pledged to invest four billion euros ($5.2 billion) in Opel by the end of 2016 to support new model launches, renewing its commitment to its loss-making European brand. REUTERS/Lisi Niesner (GERMANY - Tags: BUSINESS TRANSPORT)
. Photo: Reuters

General Motors pledged to invest €4 billion euros in loss-making Opel by the end of 2016 to support new model launches, renewing a commitment t(...)

Car dealers are hoping for another chance to recover sales when the 131 number plate changes to 132 in July as part of the new registration system. Photograph: Alexander Hassenstein/Getty Images

New car sales fell 15.7 per cent in the first quarter of the year compared to the first three months of last year. A to(...)

BMW CEO Norbert Reithoffer: “Our business performance is exposed to many risks." Photo: Reuters

In keeping with the general air of gloom in the global motor industry, BMW this week said its pre-tax profit would stagnate in 2013 due to cont(...)

A 1978 VW Camper mini bus. VW’s future is being decided in China, Russia, India, the Americas and 
S
southeast Asia its chief executive has said. Photograph: Alan Betson / THE IRISH TIMES

CANTILLON: Commentators who claim the recession is hitting the middle classes more than the wealthy need look no further than the motor industr(...)

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