Automotive Industry

Fear of war causes some carmakers to stockpile parts.(Cover Story)

Automotive News Europe, March, 2003

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Byline: David Sedgwick, Bradford Wernle Automotive News Europe

Automakers and suppliers are taking steps to insulate themselves from uncertainties posed by a shaky economy, rising oil prices and a possible war in Iraq.

Companies are cutting production, stockpiling components and upgrading security.

European sales have slowed dramatically and traffic in Europe's showrooms is down.

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February car sales in Europe were running at a rate of barely more than 14 million units per year. Sales were almost 4 percent lower than the same month last year, according to J.D. Power-LMC ...

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Automotive Industry

Fear of war causes some carmakers to stockpile parts.(Cover Story)

Automotive News Europe, March, 2003

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