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Wednesday, 14 September 2011

In Frankfurt outlook dims as the carmakers show off

The world's car manufacturer showed off the next generation of cleaner, smaller, and higher-mileage vehicles at the auto show held at Frankfurt recently. But all the thumping sounds systems, slick videos and glossy concept cars could not obscure the anxiety about Europe's financial crisis.

The fortunes of the industry have largely turned out since the recession of 2007-09 financial crisis. However, many connoisseurs are closely monitoring the aftermath of the debt crisis in Europe and concerns about the U.S. economy - And the hope of political leaders to quickly capture solutions.

There are concerns that the recent turbulence in stock markets could dent consumer confidence or the debt default by Greece could shake the banking business is based on.Vcommindia News

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