European light vehicle production set to contract by 10% in Q4
In the recent past, there have been many announcements by vehicle manufacturers of production cutbacks, mostly in the form of temporary plant closures. Fiat has announced such cutbacks in Poland and Italy, Ford in Belgium, Germany and the UK, Renault in France and Spain, and Volkswagen in Germany and Belgium. Opel trimmed build earlier this summer in Spain and is expected to trim build in Belgium, Germany and Spain before the end of the year.
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