Daimler and Saab cut back

14/10/08 20:29 CET

Industry

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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.