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THIS
ILLUSTRATES
THE SERIOUSNESS OF
THE ECONOMY
EVERYONE WILL
SUFFER AROUND THE
WORLD
now you know why car
companies are losing
money or close to
it...
Nissan has announced
plans to cut its
Sunderland workforce
by 1,200. Thousands of
unsold cars are
stored around the
factory's test track

Honda is halting
production at its
Swindon plant in
April and May,
extending the
two-month closure
announced before Christmas to four
months. Honda and
Japanese rival
Toyota are both
cutting production
in Japan and
elsewhere. Pictured,
Hondas await export
at a pier in Tokyo

Earlier this week
Jaguar Land Rover
said 450 British
jobs would go

The open car
storage areas in
Corby ,
Northamptonshire,
are reaching full
capacity

Imported cars stored
at Sheerness open
storage area
awaiting delivery to
dealers

Newly imported
cars fill the
150-acre site at the
Toyota distribution
centre in Long Beach
, California

The build-up of
imported cars at the
port of Newark , New
Jersey

Stocks of Ford
trucks in Detroit ,
Michigan

New cars jam the
dockside in the port
of Valencia in Spain

Peugeot cars await
shipment to Italian
dealers at the port
of Civitavecchia

Unsold cars at
Avonmouth Docks near
Bristol

With many
manufacturers on
extended Christmas
shutdown, the number
of cars rolling off
production lines in
December fell 47.5%
to just 53,823

Thousands of new
cars are stored on
the runway at the
disused Upper
Heyford airbase near
Bicester, Oxfordshire,
on December 18,
2008.

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
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