22 July 2012

SLOVAKIA / EUROZONE : The EU's 'Detroit' Fuels Growth Despite Austerity.


     Slovakia is the eurozone's top carmaker...per capita.
     Despite the zone's dramatic economic slowdown from austerity measures...and a recently announced large shutdown in France by Peugeot Citroen...that company is actually expanding in Slovakia.
     In 2011...the nation produced 639,763 autos for 3 companies...and expects to make 780,000 by this year's end....as good times for Slovak made smaller cars continue to roll...from its assembly lines.