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Shares of European Automakers Might Drop 29% This Year


According to analysts at HSBC Holdings, European automotive shares might fall 29% this year, if a five-year trend line isn’t broken. Murray Gunn, head of technical analysis at HSBC in London, said that since the beginning of the year the price chart for the Stoxx 600 Automobiles & Parts Index has created a pattern called a rising wedge, in which higher ...
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[VIDEO] 2012 Volkswagen Beetle commercial
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