(Adds market reaction) MILAN/FRANKFURT, May 22 (Reuters) - Shares in Italian industrial group Fiat briefly fell more than 7 percent to a two-month low on Monday, leading European carmaker stocks down as investors took profits and reduced risk exposure. UBS analysts said in a research note that carmakers faced a "triple whammy" of a weak dollar, reliance on emerging markets for sales growth, and rising raw material prices. "We believe there could be further downside in a number of names ...
Premium Content (PAID Subscription Required)
"UPDATE 1-Fiat leads European car stocks lower" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642