The following article has been retrieved from the archive and no longer contains the original video.
Germany’s Daimler is closing its Sterling truck making division in the US and Canada in response to falling demand for new vehicles.
Three and a half thousand people will lose their jobs as Daimler reduces truck production and moves manufacturing to Mexico.
And Saab is the latest car maker to partially shut down its factories because it’s not selling enough vehicles.
The company, which is owned by General Motors, is closing its main plant in Trollhattan, Sweden for several days each month.
Copyright © 2009 euronews
tags: Economy
latest economy news
French special loan commission reports 19/11 20:13 CET
Spain told wait for better times 19/11 20:13 CET
OECD ups global growth forecast 19/11 20:13 CET
A new model for the Mediterranean 19/11 15:18 CET
Madoff boats sold to repay victims 18/11 20:39 CET
Data theft prompts credit card recall 18/11 20:39 CET
US housing starts tumble 18/11 20:39 CET
Gold tops $1,150 18/11 20:39 CET
Hopes for progress at EU-Russia summit 17/11 21:19 CET
Surprise trade surplus for euro zone 17/11 21:19 CET
Top Stories & Breaking News
