Car Sales Crater Worldwide
by admin on December 1, 2008
The financial crisis and the weaker economy is now hitting the auto market with full force
The global automotive industry faced a fresh wave of bad news Monday, as data showed drops in Swedish, Japanese and South Korean November car sales, with figures for France, Spain and Italy due out later in the day. Automakers are cutting production as well as seeking help from governments to survive as they battle against the effects of the financial crisis and worsening economic climate on consumer confidence.
Read the rest of this article at moneynews.com
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