European Stocks Slide as Carmakers Tumble on Collusion Report

European stocks declined to the lowest level in 10 days as concern about potential antitrust collusion sent carmakers toward the worst decline in more than a year.

The Stoxx Europe 600 Index slid 1 percent at the close, as a strong euro also weighed on exporters. Carmakers fell the most in six months in the biggest retreat among industry sectors. Volkswagen AG and Daimler AG informed regulators about decades of talks among German automakers on vehicle technology that may have breached competition rules, Spiegel magazine reported.