ANALYSIS-State aid delays revamp medicine for auto stocks

Newswire

* Investors seen avoiding European car stocks near term * Restructuring key to long-term survial * State aid conditions send mixed messages * Luxyry car makers may again prove interesting By Atul Prakash LONDON, Feb 27 (Reuters) - European auto shares are set for another sharp leg down in 2009 as the one factor that can rescue them, restructuring, has become increasingly difficult in a sector dependent on government handouts for immediate survival. Where companies do manage to ...

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