European Car Sales Fall to 20-Year Low Amid Unemployment

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The euro region's six-quarter recession, the longest since the common currency was introduced in 1999, deepened in the first three months of the year as investment and exports plunged. The European Central Bank sees the currency bloc's economy shrinking 0.6 percent this year.

Four of Europe's five biggest automotive markets shrank in May. Deliveries in Germany dropped 9.9 percent, compared with an 3.8 percent increase in April. Sales declined 10 percent in France, 8 percent in Italy and 2.6 percent in Spain. Demand in the U.K. rose 11 percent.