Harman CEO says worst over for European car market

By Harro Ten Wolde BERLIN (Reuters) - U.S. audio systems maker Harman International Industries Inc said that Europe's automotive industry, which accounts for most of its sales, has already bottomed out and may show modest recovery in the current fiscal year. There are indications that the European car market, where sales dropped to a two-decade low, might be turning the corner, with the region's two top carmakers — Daimler and Volkswagen —reporting healthy profits for the second quarter. ...



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