European automotive industry fell into a spiral

- While trying to paddle in the historic recession, yesterday marked the full exhaustion of the leading automobile manufacturing companies here.Debt crisis, spending cuts and high unemployment have taken car sales in Europe in October to the lowest in 12 months.
"The automotive industry is in crisis about 5 years now, mark that is fully documented in a lot of documents, this did not last through the implications." Henner Lethne, an expert of automotive analysis firm IHS in Frankfurt. "So they certainly are prepared for the worst can happen and hopefully not the case suddenly fall down like Lehman Brothers."
Ford is the first company to hit the wind toxic announced that it will cut production in Europe by 18 percent, equivalent to 355,000 cars and 6,200 jobs in an effort to cut $ 500 million cost annually.
Although produced in Europe a hundred years ago, but the company from Detroit recognition will bear the losses of at least U.S. $ 1.5 billion in private markets in 2012, higher than the $ 1 billion project predictable.
"Anyway, we are still trying to overcome the extreme, but not so for relief as some competitors such as Peugeot Citroen" a representative of the Ford asked not to be named said.
Say what, but the last two days Ford has nearly 5,000 workers their cry Meu due notice of and cut 3,400 and 1,400 workers at two factories Genk (Belgium) and Southhamton (UK).
Information on a sidewalk there was a worker in Belgium who has been drinking and the accident on their way home after hearing the news was to resign.
Peugeot Citroen, the second largest car company in Europe, the story seems more tragic when the French government for the second time in four years to arms to help automotive companies in the sense of "national spirit drugs "with a value of up to U.S. $ 9 billion.
This number bed as a further heavy burden of public debt and unemployment situation in this magnificent country and has led the Prime Minister to sign played on national radio stations remind the responsibility of the Peugeot Citroen after receive This relief.
In response to this prevalent situation and also to appease the public, the company's chief financial officer, emphasized, "This is not a provision for not, but government grants and Peugeot Citroen will be responsible for paying back the equal to the market value. "

 Sad news late yesterday to the luxury car maker Daimler AG when informed of the interest in the third quarter fell to 1.2 billion euros from 1.36 billion euros last year.
Essence this information Daimler AG not made immediately but due to a media leak forced the company had published too. Last week Google also similar is the case with the incident "revealed" financial information earlier than expected.
By the way this problem, Daimler AG has announced a drop in the plan of the interest in this financial year at $ 8 billion stars with 8.8 billion expected at the beginning. Anyway manufacturer brand Mercedes Benz still profitable, just not as expected.
According to a study, this is the production and assembly lines in Europe only about 68 percent of capacity, an alarming figure when calculated to interest must reach capacity of 75-80 parts percent.