Europe’s Car Boom Leaves Auto Makers Hunting for Profits – Wall Street Journal

Posted: Thursday, April 07, 2016

After years of cost-cutting, slimming and moving production to low-wage countries, Europe’s car makers should be sitting pretty. But in the midst of their biggest sales boom in years, the payoff for many has been barely break-even.

Cheap financing and pent-up demand have driven 2015 European car sales to the highest level in six years. IHS Automotive reported on Wednesday that sales in Western Europe—which accounts for about 80% of…

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