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Tuesday, January 17, 2012

EU slump bodes ill for local carmakers

EU slump bodes ill for local carmakers

ISTANBUL - Hürriyet Daily News
A decline in the car market speeds up in Europe, which is bad news for Turkish carmakers that export to the continent. AFP Photo

A decline in the car market speeds up in Europe, which is bad news for Turkish carmakers that export to the continent. AFP Photo
The decline in Europe’s car market accelerated in December, according to figures released yesterday. The data bodes ill for the Turkish economy, as European Union member countries continue to rank at the top regarding Turkish auto exports.

More:BUSINESS - EU slump bodes ill for local carmakers