TEXT-Fitch: European Auto sector stabilising; = 2

Newswire

Fitch remains concerned about further sales decrease in many regions, particularly western Europe as the scrapping schemes are phased out. The agency forecasts auto sales in western Europe to decline by 6-8% in 2010, following a fall of approximately 5% in 2009. Although the negative impact from the end of these incentive schemes - notably in Germany, Europe's largest market, where approximately one million vehicles were sold under this plan - should not be overestimated, the uncertainty ...

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