Academic

WORLD SUPPLY OF CARS exceeds demand. By a lot: ?World automakers can build 94 million cars and tru?

By Glenn Reynolds

WORLD SUPPLY OF CARS exceeds demand. By a lot: “World automakers can build 94 million cars and trucks a year, but that’s 30 million more than it can sell, he said. Bankruptcies and economic struggles have forced cuts in North America, but European manufacturers have not closed plants, often because they are paid by governments not to, he said.” If that’s right, it’s a staggering overcapacity.

Full post as published by Instapundit.com on January 14, 2010 (boomark / email).