Your English writing platform
Discover LudwigExact(7)
Sales of midsize vehicles have plunged across Europe, leading to manufacturing overcapacity and squeezing profits.
With Europe plagued by huge manufacturing overcapacity, other automakers are likely to suffer further losses.
Manufacturing overcapacity (of around 20% in North America) and inefficiency mean that in any case they are making at most $300 on each car they sell.
John Shalam, the company's chairman and chief executive, said that performance was affected by the economic slowdown, manufacturing overcapacity and competition's pressure on prices.
Some said that Matsushita and Hitachi would have done better to focus on eliminating manufacturing overcapacity in areas where they overlap to improve efficiency and cut costs.
The US and Britain are debasing coinage to alleviate the pain of debt-busts, and to revive their export industries: China is debasing to off-load its manufacturing overcapacity on to the rest of the world, though it has a trade surplus with the US of $20bn£12.6bnbn) a month.
Similar(53)
The Chinese economy remains dominated by manufacturing, and factory overcapacity still exists in some sectors.
Premier Wen Jiabao expressed concern over the stock market bubble and overcapacity in manufacturing.
With a bonanza in exports, economists warned that Beijing needs to do more to ensure against an overcapacity in manufacturing.
This new embrace of the market as the "decisive" factor in allocating resources and capital will help address many economic imbalances: overcapacity in manufacturing; the fixing of deposit interest rates on consumer savings accounts by the central bank, which has the effect of subsidizing banks and penalizing savers; and the excess liquidity that results from a tightly controlled currency.
Paper manufacturers, burdened by overcapacity, have been consolidating.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com