Global Car Stocks Underperform

The diesel scandal and slack U.S. sales are holding back automakers' shares

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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