PARIS (Reuters) – 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.
Registrations of new cars in Sweden, home to carmakers Volvo and Saab, fell 36 percent to 17,616 units in November, according to data from auto industry body Bil Sweden, the largest monthly fall since 1993.
....
France, Italy and Spain are due to release November data later in the day. European car sales are already down 5.4 percent in the first 10 months of the year, the latest data available from industry association ACEA.
....
Earlier, data showed Japan's overall car sales in November fell 18.2 percent from a year ago.
http://news.yahoo.com/s/nm/20081201/bs_nm/us_autos
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
