German carmakers, suppliers cut output amid crisis

Newswire

FRANKFURT, Oct 28 (Reuters) - German carmakers and suppliers are cutting production in response to a sharp drop in demand, prompting lobbyists to call for state aid to revive the embattled industry.

Several companies in the sector have imposed mandatory holidays on workers as sales of new vehicles have dipped in the deepening global financial crisis. Tightening credit markets have also made it difficult for carmakers to finance their daily operations.

The German state ...

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