Euro Debt Crisis Reaches VW's Front Door, Cuts 2012 W. European Sales Target by 140,000 Vehicles

It was bound to happen sooner rather than later. The European sovereign debt crisis that started in Greece and spread to other countries including Cyprus, Portugal, Ireland and Spain, is beginning to have a deeper effect on companies like Volkswagen.

The continent's largest carmaker has cut its internal 2012 sales target for Western Europe by up to 140,000 vehicles, the German news daily Handelsblatt reported on Friday.

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