A sharp economic downturn is coming, which is why several major carmakers are reacting to a sharp decline in sales by throttling production- je 29.10.2008 08

A sharp economic downturn is coming, which is why several major carmakers are reacting to a sharp decline in sales by throttling production. Some anaylsts expect car sales to fall 20 percent next year. That is going to have a knock-on effect on the thousands of smaller companies that supply parts to the automotive industry. And now the EU is drawing up plans to provide support for the sector, and save dozens of mid-sized companies from collapse. +++SYN-MAZ+++