Slowdown signs - Ukrainian car manufacturers cut output
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Thursday, 17 Sep 2009
It is reported that Ukrainian car manufacturers have cut production for more than 6 times in 8 months of 2009 to 49,491 cars, 1,486 hard trucks and 635 busses.
According to Millennium capital analyst “This news is undoubtedly negative for Ukrainian carmakers such as Bogdan, AvtoKraz and UkrAvto and we do not see any signs for demand restoration till the end of 2009.”
(Sourced from Millennium capital)
