Automotive Industry
Industry: Email Alert RSS FeedSlow sales, high prices dampen quarter.(News)
Automotive News Europe, January, 2006
Byline: Sylviane de Saint-Seine
Sluggish new-car sales together with a raging retail price war and more expensive commodities sapped share prices in the European auto industry in the final quarter of 2005.
The financial difficulties of big US players - General Motors, Ford Motor Co., and No. 1 US supplier Delphi - reverberated across the Atlantic.
It underscored the financial fragility of the most established auto companies in the current business environment.
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Investors who held car manufacturers' shares all lost money in the fourth quarter, even those who owned ...
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