ANALYSIS-US shakeout, scrappage to boost Europe auto shares

Newswire

* Scrapping schemes, U.S. shakeout helping the sector * Analysts, fund managers turn positive on Peugeot, Renault * Volkswagen "only stock which looks expensive" By Joanne Frearson LONDON, June 29 (Reuters) - European auto shares look set to get a further boost after rallying since March as bankruptcies of U.S. rivals General Motors and Chrysler help automakers gain market share and scrapping schemes give a push to sales. Last month, German car sales jumped 40 percent, while French ...

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