Economic Crisis Hits European Carmakers

The ailing economy has less people buying cars -- a hard hit for Europe's large car making industry. While unsold cars block Germany's biggest car terminal, France's president promises help for his country's auto makers. New passenger car registrations in Europe fell by 25.8% in November 2008 compared to the same month of the previous year.

• Primary Source

European Association of Automobile Manufacturers (ACEA): Homepage http://www.acea.be/

Acea: Press Release, 16.12.08: Passenger cars: New registrations down 25.8% in November http://www.acea.be/index.php/news/news_detail/passenger_cars_new_registrations_down_258_in_november

Acea: Press Release, 10.12.08: EU support is essential to bridge difficult economic times and ensure investment in clean technologies http://www.acea.be/index.php/news/news_detail/eu_support_is_essential_to_bridge_difficult_economic_times_and_ensure_inves

France24, 16.12.08: Gov't says carmakers must stay in France in return for aid http://www.france24.com/en/20081215-sarkozy-meet-with-french-car-execs-industry-crisis-

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