Nevertheless, sales are growing, and some are confident the industry can slowly raise output, fill underused plants and even move production to southern Europe from plants elsewhere. GENEVA, March 4 (Reuters) - While southern Europe is experiencing at best a patchy economic recovery, the outlook for the region’s car makers is a little less bumpy thanks to the weak euro, cheaper oil and labour reforms.Īt the Geneva auto show, industry executives have warned against overoptimism about what might yet be temporary windfalls for Italy, Spain and Portugal, where a six-year slump brought sales to the lowest in decades.
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