TEXT-Fitch: European automakers continues to remain difficult

Newswire

(The following statement was released by the ratings agency) June 22 - Fitch Ratings says in a special report published today that the outlook for Europe's automotive industry continues to remain difficult over the next 18 months, as it experiences one of its deepest ever downturns. However, not all companies will be affected to the same extent, as reflected by the agency's ratings of the sector. "The main differentiating factors between the lowest- and highest-rated groups include the ...

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