Tuesday, March 3, 2009

Unsold Cars Around the World

By Barry Ritholtz
 
This is circulating via email — pretty insane . . .
 
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
 

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