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Article: Even as the world's volume car makers struggle to deal with a serious slump in sales as a result of the global economic recession, the market for supercars in the Middle East is booming. Stephen Williams explains why and offers his thoughts on some of the finest cars money can buy.(DETAILS: Supercars)(Buyers guide)
- Article from:
- The Middle East
- Article date:
- June 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Detroit's car makers are facing the dismal prospect of bankruptcy or takeover, while even the ultra-efficient Japanese manufacturers like Toyota are, for the first time, posting operating losses and cutting back on production. The situation in Europe, and indeed around the world, is just as bad, with job losses and assembly line closures the order of the day. Yet there is one segment of the automotive industry that continues to defy the financial crisis and post record sales and profits.
The demand for ultra-luxury and ultimate performance cars shows no sign of slowing, but why should this be? Speak to the purveyors of automotive ...