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Verheugen responses to the current crisis of the automotive sector

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Automotive

date:  22/01/2009

speaker:  Vice President Günter Verheugen

See alsoRead the speech of VP Verheugen

It is no surprise that against the negative overall economic climate, the situation of the automotive sector is very serious. The result of all this is likely to be a further negative impact on production volumes, profitability, capacity utilisation and research budgets.