UPDATE 1-European shares flat, weak oil majors offset gains in chipmaker ASML <!-- no image --> <div>* Auto stocks slip as European car sales drop (Adds comments, updates prices)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=TLd7WdvcyuY:MyCxddxXGHM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=TLd7WdvcyuY:MyCxddxXGHM:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=TLd7WdvcyuY:MyCxddxXGHM:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=TLd7WdvcyuY:MyCxddxXGHM:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=TLd7WdvcyuY:MyCxddxXGHM:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/TLd7WdvcyuY" height="1" width="1" alt=""></div> Posted by Reuters