Stock market collapse hurts auto shares.

Automotive News Europe,  July, 2002  by De Saint-Seine, Sylviane

• E-mail
• Print
• Link

Investors in most automotive industry shares were hit by the stock market collapse in the second quarter.

That's despite the fact that the auto companies have nothing to do with the high-technology, high-debt tele-communications giants that sent stock indices plummeting.

The Automotive News Europe/PricewaterhouseCoopers Total Shareholder Return Indices fell across the complete automotive chain during the second quarter, greatly affecting suppliers, automakers and retailers.

Still, some auto companies managed to return money to their investors. For example, Elring Klinger - ...

Read the rest of this article with a Free Trial at HighBeam Research.