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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Sr K who wrote (91963)12/24/2008 1:41:12 AM
From: dave9   of 116555
 
Europe's Biggest Car Terminal Bursting at the Seams

Europe's biggest car terminal is bursting at the seams as unsold cars pile up, mirroring the dramatic situation in the automobile industry.

More than 90,000 vehicles are clogging the shipping terminal in the north German port of Bremerhaven, waiting to find new owners. Detthold Aden, head of the BLG Logistics Group, which administers the facility said they can't move the cars, work on them or deliver them until they find buyers.

yada yada doom and gloom and a picture of a car in the German port of Bremerhaven.
dw-world.de
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