Porsche and BMW to Halt Production - Article

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Porsche and BMW to Halt Production

German carmakers made another move to cut output levels towards the end of the year to offset slumping demand as the global economic crisis prompts consumers and companies to closely monitor their finances.

Sports car maker Porsche (PSHG_p.DE: Quote, Profile, Research, Stock Buzz) halted production at its headquarters in the southern German town of Zuffenhausen, for one day on Nov. 21, and planned to stop assembly for another seven days until end-January.

The company said on Tuesday it no longer saw its financial year unit sales to end-July reaching the previous same period's level of 98,652 vehicles.

[source]

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