Home market crash further dents France's stalling car industry

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French car manufacturers PSA Peugeot Citroën and Renault are facing a grave crisis, and figures just released for new car sales in France in 2012 underline the bleak prospects for the immediate future, with the lowest number of units sold since 1997. Dan Israel reports on the plight of an industry that is estimated to employ 700,000 people in France, and which must urgently find a strategy for survival amid what has become a Europe-wide 'carmageddon'.

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The French car industry is in crisis, and figures just released for new car sales in France in 2012 underline the bleak prospects for the immediate future, with the lowest number of units sold since 1997.