Unsold Cars, Closing Manufacturing Plants, Etc. We all knew that people were buying fewer cars these days - and Detroit’s problems , and bailout , made lots of headlines - but this situation is global. Will it be enough to drive down worldwide

oil consumption significantly? Will new, more fuel-efficient cars be on the market by the time people start buying again?…

Continued here: 
UK Car Production Down 48.7% in December, Japan Car production Expected to Go Down 40% this Quarter