Friday, February 20, 2009

And we thought only Detroit built more than they could sell?

There are other Idiots out there....

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

Newly imported cars fill the 150-acre site at the Toyota distribution centre in Long Beach , California

The build-up of imported cars at the port of Newark , New Jersey

Stocks of Ford trucks in Detroit , Michigan

New cars jam the dockside in the port of Valencia in Spain

Peugeot cars await shipment to Italian dealers at the port of Civitavecchia

Unsold cars at Avonmouth Docks near Bristol

With many manufacturers on extended Christmas shutdown, the number of cars rolling off production lines in December fell 47.5% to just 53,823

Thousands of new cars are stored on the runway at the disused Upper Heyford airbase near Bicester, Oxfordshire, on December 18, 2008.

Sales of new cars in the UK have slumped to a 12-year-low and production of cars at Honda in Swindon has been halted for a unprecedented four-month period because of the collapse in global sales and represents the longest continuous halt in production at any UK car plant. The announcement comes on a day when the EU's Industry Commissioner Guenter Verheugen warned the outlook for the European car industry was 'brutal' and predicted not all European manufacturers would survive the crisis


kkdither said...

Not good for employment... With the glut, you might be able to get a good deal on a car though. Cars shouldn't be $30,000 to buy. Just like with the housing market, things had gotten out of control.

OrbsCorbs said...

Thank you investment bankers and CEOs! May we have another?

Anonymous said...

Looks like parking at opening day.

Unknown said...

I am in tears this is all just too sad.............Hope is dying.....

drewzepmeister said...

I've a crazy idea. With all the extra surplus of cars-sell them for dirt cheap. With a lower price, people just my buy them. Some money is better than no money.

AvengingAngel said...

I agree. I paid $30K (over 5 years) for a chevy van a few years ago. Good vehicle, but $30K?

Bad government, bad management, bad unions make for bad outcomes.