Europe's car crash

Knight, Robin; Coleman, Fred
November 1993
U.S. News & World Report;11/15/93, Vol. 115 Issue 19, p57
Discusses how a brutal recession in Europe is threatening to wreck the auto business there. European countries that are experiencing growth in the auto industry; Amount of money Volkswagen and Fiat have lost; How companies are responding to these loses; Number of jobs that will be lost; Recession immediate cause of these cutbacks; Forecast that a car `mountain' could build up of unsold vehicles by the mid-1990s.


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