effects of the crisis on the automobile industry
TRANSCRIPT
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Greeks have long had a love affair with cars, as
written in NY times, buying more of them per capita
than many of their European neighbors. But thesedays, the country has become a vast graveyard of
abandoned automobiles, one more measure of hard
times.
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In 2008, 187.000new
vehicles were registered
including 12 Ferraris and
300 Porsche.
Now the new cars
registered are less than137.000 including no
Ferraris at all and only half
a dozen of Porsches.
Its been 5 years approximately from the beginning of the
crisis and the number of the new vehicles registered has
declined dramatically reduced by 80% in comparison to 2008.
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Before the economic crisis about 280.000cars were
sold in Greece every year. Last year, that numberdropped to 59.000and people were interested only in
cheaper models. 90%of the cars sold were less than
$33.000.
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Ferraristands up to the crisis
The crisis does
not seem toaffect Ferrari.
3.000 Ferraris
workers received3 additional
salaries each, as
a bonusin favour
of the companys
record breaking
results in sales.
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Bicycle: An alternative way out of the crisis
The economic crisis makes
people not only search for
alternative ways in order to
reduce their expenses but
also ways to be relieved fromthe stress of their everyday
lives.
People leave their cars at the garage and turn to analternative mean of transport which as the crisis
deepens, gets more and more popular. Thats
nothing else but the bicycle.
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Bikesales increase by
up to 10% every year.
The use of bicycles has
increase up to 30%and
continues to grow.
10.000 Athensitizens
bike at least once a week.
180new bicycle shops
have opened up in
Greece recently.
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Use of the bicycle in the subway
The first 10 yearssubways operation, the
entrance of bicycles was
forbidden. Since the
November 1stof 2011,
bicycles are allowed in
the subway.
This was achieved by an active group of
bicyclists with the organization of
demonstrations and letters of complaint to the
ministry of transportation.
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Public Transport and financial crisis
Despiteof the economic
meltdownthere has notbeen an
increasein the use of public
transport neither in Greece, nor
in any other cities.
In London, the use of subway has decreaseddown by 6%
In Paris, there has been a 0,8% decreasein the use of RATP
In Milan, the useof public transport has droppedwith 1,2%
In Madridand Barcelonathe use decreased by 10%
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