PARIS – The industry organization for machine tool companies serving the French auto industry forecasts a depressing 2004 and some business failures by the end of March. "Business continues to degrade," says a joint communique from Symap and Symo, industry organizations representing French and imported machine tool companies. "New orders and billings are lower in general, and for all the sectors." Automotive accounts for nearly all machine tool business in France, and the organizations ...

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