AUTOSHOW-Asian carmakers shift up for fatter Europe margins

Newswire

By Chang-Ran Kim, Asia auto correspondent PARIS, Sept 29 (Reuters) - Asian carmakers aim to churn out higher profits in Europe by moving up-market now that they have established a sold foothold in the region, while their local rivals struggle with excess inventories and restructuring costs. Automakers such as Toyota Motor Corp. and Honda Motor Co. have slowly but steadily built up their shares of a shrinking western European market but have struggled to approach the profit levels they ...

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