Automotive Industry

Stock market euphoria boosts auto stocks in Q1.(News)(Brief article)

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Byline: Sylviane de Saint-Seine

European auto stocks participated in the general euphoria as shares on the world's stock markets moved sharply upward in the first quarter.

Virtually all shares in the automotive sector gave investors a higher return in the first quarter.

Automakers soared 21 percent in the quarter, while suppliers were up 16.3 percent and retailers 12.5 percent.

Suppliers and retailers were helped by a low-interest-rate environment, which is driving a wave of mergers and acquisitions in these sectors.

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