Global Car Stocks Underperform
The diesel scandal and slack U.S. sales are holding back automakers' shares.
By Phil Serafino
Bloomberg
September 12, 2017
Europe’s biggest car show opened in Frankfurt on Tuesday against a tough backdrop for the industry. Except for a couple of outliers -- most notably Ferrari and Fiat Chrysler -- global auto stocks have underperformed the broader market this year. The diesel scandal has weighed on manufacturers including Volkswagen and BMW, while a sales slump in the U.S. has affected the entire industry.
September 12, 2017
Europe’s biggest car show opened in Frankfurt on Tuesday against a tough backdrop for the industry. Except for a couple of outliers -- most notably Ferrari and Fiat Chrysler -- global auto stocks have underperformed the broader market this year. The diesel scandal has weighed on manufacturers including Volkswagen and BMW, while a sales slump in the U.S. has affected the entire industry.
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