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Spanish car sales are spiraling down at the rate of 28 percent last year (Photo: EUobserver)

Ministers call for EU-wide car industry rescue plan

EU industry ministers called Friday (16 January) for a co-ordinated aid strategy for Europe's struggling car sector.

French Economy Minister Christine Lagarde asked the European Commission to play the co-ordinator between the EU states.

Speaking after the informal meeting held in Brussels, European Commissioner for Industry Gunter Verheugen said in a statement the primary responsibility lies with industry itself.

He stressed the need to tackle problems of overcapacity and ...

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Spanish car sales are spiraling down at the rate of 28 percent last year (Photo: EUobserver)

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