TEXT-Fitch reports on challenges facing European carmakers

Newswire

(The following statement was released by the ratings agency). LONDON, Jan 21 - Fitch Ratings, the international rating agency, said today that European carmakers face increasing competition from Asian manufacturers increasing their penetration of the European market, sluggish demand and an increase in choice and supply, which will force price cuts to combat competitive pressures. In a report published today, entitled "The Road Ahead - The Outlook for the European Automotive Sector in ...

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