Carmakers Look Comfortable With Q110 Finances

Three months into 2010, European carmakers are increasingly looking confident about their improved financial positions, although most are cautious that H210 will prove to be challenging amid constrained vehicle demand in the region. This concern falls in line with BMI's view that growth in vehicle deliveries following last year's scrappage schemes will have been completed by the end of H110, resulting in a near 6.5% year-on-year (y-o-y) fall in total vehicle sales, to 15.5mn units, by the end of 2010.

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