European car demand slackens

VOLKSWAGEN AG has announced that it will shut down its giant Wolfsburg factory for three weeks this summer because of a slowdown in demand for its cars. This has not happened for three years and is an indication that inflation and fears of a recession are making consumers much more cautious.

The news comes at a time when F1 teams are busy organizing their budgets for 2002 and industry analysts say that the money supply in F1 is also beginning to slacken with a significantly lower amount of money around this year than last. This does not however seem to have had any real effect on the F1 circus.

Follow grandprixdotcom on Twitter

Print News Story