MOTOR-CAR INDUSTRY
BRITISH ENTERPRISE [BY CABLE —PRESS ASSN. —COPYRIGHT.] (Recd. April 8, 1 p.m.) LONDON, April 7. The “Daily Telegraph’s” motoring correspondent says that the British motoring industry has decided to partake in the industrial exhibition at Copenhagen in September,' thus opening a new chapter in the struggle for the world’s motor-car markets. The United States is already believed to be out of the European markets permanently, and will soon be out of the markets of the whole Empire. The future of the motor-car trade in Europe rests between Britain and Germany. Within the past year, the United States lost her former artificial export business, in which the high profits of the home trade enabled her to export at prices 15 per cent below cost. America produced only two and a-half million motor-cars in 1931, compared with five and a-half million in 1929.
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Greymouth Evening Star, 8 April 1932, Page 8
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143MOTOR-CAR INDUSTRY Greymouth Evening Star, 8 April 1932, Page 8
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