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3 Jul 2009

As the recession rumbles onwards, we’ve seen some truly iconic names in the international motor industry teetering or even falling over: a moribund General Motors has been propped up by the US government after amassing colossal debts; LDV has gone into administration with the loss of hundreds of jobs; and Japanese car giant Toyota has announced its biggest ever annual loss. And those are just a few of the examples we could cite.

 

And now Toyota’s recently appointed president, Akio Toyoda, grandson of the man who founded the firm in the mid-1930s, has predicted at least another two years of “stormy waters”.

 

Will this gloomy prediction come true, or is the light at the end of the tunnel a little closer than that? Time will tell, but in spite of all the bad news this year, we cannot waste too much time worrying about what might happen. Business, and life, goes on. The road transport industry is the backbone of British business, and petrol and diesel the fuel which keeps the wheels of industry turning.

 

So keep on trucking!

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