In a declining car market, mini-car sales are booming.
In between, the Luftwaffe, the declining car industry and some dim town planning have done Luton few favours either.
The ratings agency also noted the company's declining car sales in the United States, the world's largest auto market.
In Japan, drivers have been shaken so seriously by the oil shocks that they became the first in the developed world to experience declining car ownership.
Bad earnings news hurt G.M. after the company said its North American operations would miss profit margin goals because of declining car prices.
The world's biggest car markets China, North America and Europe are all greying.So it is not clear that declining car ownership among young urbanites will have more than a marginal effect on overall car sales.
I was ready to uphold my side of the promise".In the event, GM was prepared to write Mr Marchionne a cheque for $2 billion to escape being forced to own Fiat's declining car business.
At Canary Wharf, a business district in east London, 100,000 jobs are supported by only 3,000 parking spaces.By improving alternatives to driving, city authorities can try to lock in the benefits of declining car use.
After the second world war, however, most North American cities abandoned their streetcar networks as ridership declined, car ownership soared, and the cost to renew streetcar infrastructure – footed mostly by cash-strapped private transit operators – proved too steep.
