Japan 2008 car sales seen hitting 34-yr low-Nikkei

Newswire

TOKYO, Nov 29 (Reuters) - Sales of new cars in Japan are likely to skid to a 34-year low in 2008 as the economic slump takes its toll on consumer spending, the Nikkei business daily reported on Saturday. Japan slid into its first recession in seven years in the third quarter as exports crumbled, and with industrial production and household spending also in decline, economists are warning of a longer and deeper downturn. [ID:nT133784] November sales of new automobiles excluding 660 cc ...

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