(The following statement was released by the rating agency) Jan 27 - Fitch Ratings believes that the recent growth in new vehicle sales in China is not sustainable and expects a moderation in the foreseeable future to mid/high-single-digit levels, broadly in line with 2011 (5.2%), down from 40%-50% in 2009-2010. However, this should not have any immediate impact on European carmakers' ratings. A weaker and more competitive car market would weigh heavily on the profitability of some ...
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