LIVE MARKETS-EU's Christmas gift to the auto sector disappoints
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The European Commission announced new measures to support its car manufacturers, including reversing a ban on new internal combustion engine cars. However, analysts believe the package will not significantly impact the struggling auto sector, which faces competition from China, slowing demand, and unfavorable U.S. trade policies. UBS analyst Patrick Hummel and Citi's Harald Hendrikse expressed skepticism about the near-term benefits and the EU's environmental agenda affecting industry competitiveness.
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