Image: Skyline Morning Briefing
  21 May 2009

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Can this really be true?

This Global recession is obviously hitting some sectors. Thankfully IT is a necessary evil and so FunctionEight are still doing really good business. If you would like to know more please contact us at f8.info@functioneight.com or visit this website for more information.

Now you know why car companies are losing money or close to it............

Thousands of unsold cars are stored around the factory's test track.

New cars jam the dockside in the port of Valencia in Spain

Nissan has announced plans to cut its Sunderland workforce by 1,200.

Honda is halting production at its Swindon plant in April and May, extending the two-month closure announced before Christmas to four months.

Toyota are both cutting production in Japan and elsewhere.

Earlier this year Jaguar Land Rover said 450 British jobs would go.

Sales of new cars in the UK have slumped to a 12-year-low and production of cars at Honda in Swindon has been halted for a unprecedented four-month period because of the collapse in global sales and represents the longest continuous halt in production at any UK car plant. The announcement comes on a day when the EU's Industry Commissioner Guenter Verheugen warned the outlook for the European car industry was 'brutal' and predicted not all European manufacturers would survive the crisis.


Imported cars stored at Sheerness open storage area awaiting delivery to dealers
 
 

News Headlines
Beatrice Siu , SCMP 20 May 2009
Hong Kong is to have its own take on the "Water Cube" - the unique National Aquatics Center built for the Beijing Olympics. But only in terms of the material used to build it, not its shape.
 
Joyce Ng and Olga Wong, SCMP 19 May 2009
Two developers have shown interest in refurbishing old streetscapes in Wan Chai after an invitation to submit proposals was launched by the district council last year.
 
Joyce Ng, SCMP 14 May 2009
The government will soon start construction of a 600-metre-long promenade at Quarry Bay.
 
Hong Kong Government, 8 May 2009
The Town Planning Board today (May 8) announced the publication of the draft Urban Renewal Authority (URA) Shanghai Street/Argyle Street Development Scheme Plan (DSP).
 
Hong Kong Government, 8 May 2009
The Town Planning Board today (May 8) announced an amendment to the draft Mong Kok Outline Zoning Plan (OZP).
 
Hong Kong Government, 8 May 2009
The Town Planning Board today (May 8) announced the publication of the draft Urban Renewal Authority (URA) Prince Edward Road West/Yuen Ngai Street Development Scheme Plan (DSP).
 
 
 
 

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