Tuesday, March 22, 2011

Unsold Cars Due To Global Recession

Sales of new cars in the UK have slumped to a 12-year-low and production of cars at Honda in Swindon has been halted for a unprecedented four-month period because of the collapse in global sales and represents the longest continuous halt in production at any UK car plant.
The announcement comes on a day when the EU’s Industry Commissioner Guenter Verheugen warned the outlook for the European car industry was ‘brutal’ and predicted not all European manufacturers would survive the crisis.

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