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Traffic Levels * UK - Fall for first time in decades
Motor firms head for crash. The 'great car economy', championed by Margaret Thatcher in the Eighties, faces its biggest challenge
London,UK -The Independent, by Jane Merrick, Brian Brady and Ian Griggs Sunday -9 November 2008: -- Traffic on Britain's roads is decreasing significantly for the first time since the three-day week of the early 1970s, suggesting the car economy is heading for a crash, official figures revealed yesterday... In a sign that the country is already in recession, fewer car and lorry journeys on motorways, rural and urban roads were made over the last six months compared to the same period a year ago... The Department for Transport (DfT) recorded two consecutive quarters where road traffic has decreased year on year – the first time for more than 30 years... At the same time, sales of new cars have fallen by 23 per cent and are at their lowest since 1996. The motor industry is suffering across the world, with Volvo, the Swedish giant, selling just 115 heavy trucks over the past few months, compared to 41,970 during the same period last year – a 99.7 per cent fall... And the jobs of 3,700 people at two UK car plants are at risk after General Motors warned it would be bankrupt within months unless it received a bailout from the US government...
Labels: recession
posted by Unknown @ 10:07 AM
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