Motor industry 'expecting losses'
Updated on 08 January 2009
Senior executives in the motor industry are expecting more companies to go out of business in the coming years as revenues and profits continued to fall, according to a new report.
A survey of 200 executives by KPMG showed that one in four believed their firm's profits will decrease in the next few years.
Most of those polled highlighted the risk of company insolvencies or bankruptcies, with almost nine out of 10 predicting an increased number of business failures.
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