New car sales in Europe plummeted 27 percent in January from a year earlier, sinking to the lowest level in two decades as the crisis ravages the auto sector, an industry association said Friday.

The European manufacturers’ association ACEA said there were losses in all countries.
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General Motors Corp. said Tuesday it is cutting production in Russia as demand declines in a market only recently described as potentially the largest in Europe.
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While co-president Tom LaSorda denied Wednesday morning that Chrysler would ever consider selling Jeep or its two other brands to another company, he had no answer on the potential sale of Chrysler LLC as a whole. “That’s all done at the Cerberus level,” he told reporters on a conference call.
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