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Archive for the ‘car industry’ Category

UK car industry affected by attack of credit crunch

Tuesday, October 14th, 2008

After the drastic decline of twenty one percent in the car sales, the UK car industry faces a heavy shakeup. It has been recognized as the phase in the past seventeen years of the history of commercial vehicles and new car registrations.

The car makers were already warned regarding this eventual episode, which would turn out to be one of the worst economical phases faced the industry. There was a stupendous drop in the market with 88,995 units this September.

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