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EU market on recovery course as new registrations rise

Demand for new passenger cars in the 28-member European Union increased for the seventh month in a row in March, the European Automobile Manufacturers' Association (ACEA) reported Thursday. The industry organization said it recorded a 10.6-percent rise in new registration, reflecting a total of roughly 1.45 million units. ACEA said it was a sign of hope the continent's car market was slowly, but surely leaving behind a long period of unusually low demand with the eurozone crisis biting.(

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