Look at the unsold cars around the world. But not a single Riyal or Dirham or Dinar is reduced in the Gulf region, as they have to support the western economies during this crisis.
Nissan has announced plans to cut its Sunderland workforce by 1,200. Thousands of unsold cars are stored around the factory's test track Honda is halting production at its Swindon plant in April and May, extending the two-month closure announced before Christmas to four months. Honda and Japanese rival Toyota are both cutting production in Japan and elsewhere.
Pictured, Hondas await export at a pier in Tokyo Earlier this week Jaguar Land Rover said 450 British jobs would go.
The open car storage areas in Corby , Northamptonshire, are reaching full capacity Imported cars stored at Sheerness open storage area awaiting delivery to dealers Newly imported cars fill the 150-acre site at the Toyota distribution centre in Long Beach , California
The build-up of imported cars at the port of Newark , New Jersey Stocks of Ford trucks in Detroit , MichiganNew cars jam the dockside in the port of Valencia in Spain
Sales of new cars in the UK have slumped to a 12-year-low and production of cars at Honda in Swindon has been halted for a unprecedented four-month period because of the collapse in global sales and represents the longest continuous halt in production at any UK car plant.
The announcement comes on a day when the EU's Industry Commissioner Guenter Verheugen warned the outlook for the European car industry was 'brutal' and predicted not all European manufacturers would survive the crisis