Automobile stocks (CARZ -8.8%) fall hard, led down by steep declines from European manufacturers...

|By:, SA News Editor

Automobile stocks (CARZ -8.8%) fall hard, led down by steep declines from European manufacturers Fiat (FIATY.PK -10.1%), Volkswagen (VLKAY.PK -6.6%) and Daimler (DDAIF.PK -8.8%). The plans of European carmakers to sell heavily in India and China have fallen flat, seen as a bad omen for U.S. counterparts.