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Europe Car Sales Slump to Worst June in Decades on Supply Issues

“An increasing fear developing concerns potential plant shutdowns in Germany related to energy shortages,” Tom Narayan, RBC Capital Markets’s European auto analyst, wrote in a July 5 report. “The concern has more to do with the supply chain (chemical plants in Germany shutting down production of plastics used for car components, etc), and as such, may not impact German OEMs any more than others.”

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