Europe's carmakers face uphill battle for profits

Newswire

By Madeline Chambers, European Auto Correspondent FRANKFURT, July 25 (Reuters) - The problems facing Europe's auto industry were thrown into sharp relief this week as falling demand for cars, a stronger euro and pricing pressure hit profits, and it may take some time for conditions to improve. In a sector characterised by roughly 30 percent overcapacity and a region where car sales are expected to fall about three percent this year, most of Europe's automakers are battling even to keep ...

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