• OCTOBER 8, 2008

Auto Makers Reduce Output in Europe

more in Europe »

FRANKFURT -- Auto makers are reducing production in Europe, as fears of a prolonged economic downturn hinder demand for new cars.

General Motors Corp.'s Opel unit said Tuesday that it will cut output by 40,000 cars in Europe this year to adjust production to shrinking demand and avoid a buildup of inventory, which would hurt prices for new cars.

The European divisions of BMW AG, Daimler AG, Volkswagen AG and Ford Motor Co. also are planning to cut output.

The reductions come at a delicate time for auto makers. Sales are falling sharply in the U.S. and Europe, while growth ...

Most Popular