Europe's car sales forecast to rise 3% in 2014, but price war to linger

Europe's battered car market is set to grow in 2014 after its six-year slump, which may ease retail pricing pressure that has saddled some of the region's carmakers with losses that will weaken them for years. Automakers and industry watchers expect vehicle sales to increase by up to 3 percent this year. The rebound will bolster the industry's bottom line, particularly for automakers such as Fiat and PSA/Peugeot-Citroen that are most exposed to the deep recession in southern Europe.