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European car manufacturers Ford and Peugeot struggling

24 October 2012 Last updated at 16:31 BST

US car giant Ford says it has started consultations on closing its factory at Genk in Belgium with the loss of 4,300 jobs to cut costs.

The firm told the unions it was looking to close the factory, which makes the Mondeo and S-Max models, in 2014.

Brian Milligan reports.