TEXT-Fitch: European Auto sector stabilising; but otlk negative

Newswire

(The following statement was released by the ratings agency) Nov 23 - Fitch Ratings says the European automotive industry is showing early signs of stabilisation and that 2010 should be a transition year, although the overall sector outlook remains negative due to weak sales trends. "Fitch expects a slow and gradual recovery in operating performance trends from H210 but this will depend to a large extent on sales development when most scrapping incentive schemes in Europe and other ...

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