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German Auto Companies Cutting Back

By Associated Press

Frankfurt, Germany – Germany's top auto companies announced production cutbacks today, as the global financial crisis rattled across one of Europe's key industries.

Daimler AG, BMW, General Motors and Ford all announced production cutbacks in Germany.

Stuttgart, Germany-based Daimler, the maker of Mercedes-Benz, said it wanted to keep car production at a low level and that adjustments could affect German facilities and Daimler's Tuscaloosa, Ala., plant. No specific plants or models were outlined.

This past summer, Daimler said it would adjust production this year, stopping production at its largest German production facility earlier than usual on Dec. 17 for the Christmas holidays.

Production is to resume in January, but no date has been set yet.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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