European market recovers to its 2007 levels. - According to the most recent statistics provided by the European Automobile Manufacturers Association (ACEA), the European automobile market has recovered to its levels of two years ago. New car registrations in Europe rose by 26.6% in November 2009 compared to a drop of 25.8% in the same month last year. In comparison, registrations fell by almost as much (-25.8%) in November 2008 compared to November 2007. This illustrates the strongest...