Unsold Cars Due To Global Recession

Automakers are facing trouble across the world due to global recession. Thousands of unsold cars are parked in factories and wharehouses waiting for delivery to customers and dealers.



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.

Unsold cars at Avonmouth Docks near Bristol


0 comments:

Post a Comment



My Ping in TotalPing.com
Preview on Feedage: new-fiat-car Add to My Yahoo! Add to Google! Add to AOL! Add to MSN
Subscribe in NewsGator Online Add to Netvibes Subscribe in Pakeflakes Subscribe in Bloglines Add to Alesti RSS Reader
Add to Feedage.com Groups Add to Windows Live iPing-it Add to Feedage RSS Alerts Add To Fwicki
Add to Spoken to You
Feedage Grade B rated TopOfBlogs