Recession: the worst is yet to come

摘要

With car production set to take a further dive, government should step in with 'job support' measures until the good times return, said IMI president Professor Garel Rhys in his keynote address at this year's Institute dinner. The motor industry must brace itself for the prospect of a "full-blown depression", with a sales recovery to the level of 2007 unlikely before 2013 at the earliest.