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01-16-2009, 04:51 PM #1
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Growing stocks of unsold cars around the world (10 pictures)
Carmakers around the world are cutting production as inventories build up to unprecedented levels. Storage areas and docksides are now packed with vast expanses of unsold cars as demand slumps
Nissan has announced plans to cut its Sunderland workforce by 1,200. Thousands of unsold cars are stored around the factory's test track
Photograph: Nigel Roddis/Reuters
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
Photograph: Andy Rain/EPA
Land Rover Freelander cars await distribution outside the Halewood operations site in Liverpool. Earlier this week Jaguar Land Rover said 450 British jobs would go
Photograph: Christopher Furlong/Getty
The open car storage areas in Corby, Northamptonshire, are reaching full capacity
Photograph: David Goddard/Getty
Imported cars stored at Sheerness open storage area awaiting delivery to dealers
Photograph: David Goddard/Getty
Newly imported cars fill the 150-acre site at the Toyota distribution centre in Long Beach, California
Photograph: David McNew/Getty
The build-up of imported cars at the port of Newark, New Jersey
Photograph: Mark Lennihan/AP
Stocks of Ford trucks in Detroit, Michigan
Photograph: Spencer Platt/Getty
New cars jam the dockside in the port of Valencia in Spain
Photograph: Mike Hewitt/Getty
Peugeot cars await shipment to Italian dealers at the port of Civitavecchia
Photograph: Giampiero Sposito/Reuters
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01-16-2009, 05:35 PM #2
Holy smokes!! This might be the best time to get the best deals then. I might just have to purchase my first car during this recession Sweet! They'll practically be begging for me to take one by slashing prices 50%
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01-16-2009, 06:41 PM #3
Just wait until Obama puts a carbon tax on oil, that will make this slump even worse.
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