Auto industry stocks beat markets in Q1.(News)(Brief Article)

Byline: Sylviane de Saint-Seine

European auto industry stocks outperformed many leading stock market benchmarks overall during the first quarter.

Each of the three auto sectors tracked by the Automotive News Europe/PricewaterhouseCoopers Total Shareholder Value Index posted gains for the quarter that ended March 31.

As a group, European suppliers saw shareholder value rise 12.2 percent in the quarter. Shareholder value for European retailers rose 7.1 percent while the average return by …