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>> MORGAN STANLEY Latest News

MAR 05, 2013 - Business Insider

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Car Makers Predict That The European Auto Market Will Remain Dismal For Years

GENEVA (Reuters) - Car sales in Europe are at the low end of expectations and the market is likely to remain shaky for at least five years as the region implements austerity measures to cut its debts, industry executives warned on Tuesday. Speaking at the Geneva car show, the head of Ford'sEuropean business, Stephen Odell, said he expected sales on the continent to continue "running along the bottom" of the U.S. car maker's forecasts during the first half of this year, following a dismal January and February. German premium car maker BMW, meanwhile, predicted the market was likely to stay ... Read More

Tags: Car Makers Predict That The European Auto Market Will Remain Dismal For Years,  Morgan Stanley Latest News