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TEXT-Fitch comments on European and Asian car manufacturers

(The following statement was released by the rating agency)

May 26 - Fitch Ratings says in a new report that the effects of Chrysler's ('D') recent Chapter 11 filing, and the possibility of General Motors Corp. (GM, 'C') taking similar action, are likely to have a more limited impact on European than Asian car manufacturers, given their smaller presence in the US market (8.3% overall share in Q109 versus Asia's 47.9% share for the same period).