UPDATE 1-RESEARCH ALERT-Credit Suisse cuts auto sector

Newswire

(Adds details) Dec 19 (Reuters) - Credit Suisse downgraded the auto and auto components sector to "underweight" from "market weight". The brokerage said it was concerned U.S. light vehicle sales would fall about 3 percent in 2007 and the decline in demand would drive a cut of about 1.4 percent in North American light vehicle production, including a drop of about 5 percent at the big three auto makers. Credit Suisse said as part of the projected 5 percent decline in big three output, it ...

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