Agerpres reported that Dacia has suspended the operations at the factory from Mioveni until January 11th 2009 as a result of the brutal fall of the car market in Romania.

As per report, the plant will also slow down the pace of its production from 1,360 to 1,085 vehicles per day, starting on January 12th 2009 and will reduce its investment budget for next year by EUR 100 million.

According to a Dacia press release, the demand of new vehicles has registered a fall of over 50% in November 2008 in Romania. In the same month, Dacia traded 4,698 units on the domestic market, down by 52% YoY over November 2007. This brutal fall is determined by the invasion of old vehicles and the limitation of the access to credits.