Europe’s auto stocks hit record high as traders bet on strong 2022

Published by
Reuters UK

(fixes sentence in 10th para to say “much cheaper” rather than “still much cheap”) By Joice Alves LONDON (Reuters) -European automobile stocks rose more than 2% to a record high on Wednesday as investors turned increasingly bullish on the sector on growing expectations for stronger car sales in 2022. Investors’ interest in car stocks across the region has ignited over the past few months with Europe’s auto and auto parts index up more than 8% this week alone, surpassing a previous record high in November. The sector has gained 33% in a year, outperforming the pan-European index, which has gain…

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