Sunday, March 01, 2009

Got cars, no buyers.

Photo credits: Christopher Furlong/Getty

So where will all those cars go?

"Japanese carmakers slash production by up to 50%. Thus reports the Guardian. This seems like a smart strategy (for now).

Am told that Toyota even had to rent a ship to store 2,500 cars off the Swedish port of Malmö.

See more photos of growing stocks of unsold cars worldwide here.

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