Ferrari president Luca Cordero di Montezemolo stands near the brand's latest car, the California T, during its unveiling on March 4, 2014 at the Geneva Motor Show. (AFP PHOTO / PIERRE ALBOUY)
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Analysts are projecting growth in new car sales in Europe at anywhere from 2 percent to 4 percent in 2014, the first year of gains since 2007, when sales reached an all-time high of 16 million before getting hit by the financial crisis.Moody's forecasts a 2 percent growth in European car sales this year to just over 13 million, but underlines that will still be 20 percent, or 3 million units, below the 2007 peak.SPIFFY SMALL CARSEuropean automakers are taking their bread-and-butter small cars to a new level, focusing on fun and styling, not just economy.A joint venture between PSA Peugeot Citroen and Toyota resulted in a trio of small-car premiers on the same platform from the same factory that are helping the automakers achieve better economies of scale: Peugeot 108, Citroen C1 and Toyota Aygo.
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