INDUSTRY
Automotive
Cars go small in Paris
Last Updated: Friday, October 17, 2008 | 8:42 AM ET
By Javier Espinoza CBC News
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Auto shows tend to be a platform for glitz, glamor, stunning designs and new levels of excess, but that's all changing as carmakers struggle with the rising cost of credit that is blighting their customers. At the Paris Auto Show this weekend, European automakers are set to put on a brave face and strut small, fuel-efficient models as their answer to the growing problem of frozen credit markets.
"We will see a trend for smaller and more fuel-efficient cars," said Michael Tyndall, an industry analyst with Nomura International in London. "The upcoming EU legislation on a limit to C02 emissions, the demand from consumers for fuel-efficient cars and the fact the being green is seen as cool, are all contributing factors for the manufacturing of new cars."
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