Agence France-PresseMarch 6, 2013 23:00
The economic crisis in Europe has a silver lining for Asian carmakers which are gaining sales and market share on the continent at the expense of ailing European competitors, observers said on Wednesday.
Last year, just 12 million new cars were sold throughout the European Union -- the lowest number since 1995 -- and 2013 has gotten off to a bleak start as well.
But as European automakers like PSA Peugeot Citroen, Renault, Fiat and Opel struggle to bounce back, Asian rivals have expanded their traditionally far smaller presence on the continent.
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