European car sales dropped 10 percent in March as declines at PSA Peugeot Citroen (UG), Ford Motor Co. (F) and Volkswagen AG (VOW) and a plunge in Germany put the industry on pace for the fewest annual deliveries in 20 years. Registrations fell to 1.35 million vehicles last month from 1.5 million a year earlier, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said today in a statement. First-quarter sales dropped 9.7 percent to 3.1 million cars. A recession stemming from the European sovereign-debt crisis has led to 12 percent unemployment in the 17 countries sharing the euro, the highest ... (full story)