In spite of the impact of the crisis in this sector on the economy, the Swedish government ruled out, for now at least, the idea of a plan to save the auto sector. According to the government, local and regional authorities as well as unions and companies have to take measures which fit the local situation. (Ref. 081002)
In Sweden, the auto sector accounts for 15% of
the country’s exports, includes 700 companies and employs approximately 140.000
people. Some 90% of its production is exported, which risks leading to job
losses among sub-contractors.
Reducing production. The number of new vehicle
registrations plummeted in November to its lowest level in 15 years, i.e. a 36.4%
fall compared with November 2007. Utility vehicle registrations have fallen by 26.6%.
The three biggest groups – Volvo, Saab and Scania –
Do you have information to share with us?