EU auto sector to suffer further drop in Q4-industry


BRUSSELS, Oct 29 (Reuters) - The European car industry will suffer a further drop in sales in the fourth quarter of this year, the head of European Automobile Manufacturers Association (ACEA) said on Wednesday. "In the third quarter, there was a drop of about 10 percent ... in the fourth quarter it will be even more," said Christian Streiff, who is also chief executive of PSA Peugeot Citroen . "It is quite clear now that the banks are not following us and neither are the clients ... ...

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