• NOVEMBER 21, 2008

Pain in the Auto Industry Extends Beyond Detroit

From France to Japan, Anemic Demand Spurs Job Cuts; Honda Enjoys Small Bright Spot With Fast-Selling Fit Subcompact

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While U.S. auto executives return home from Washington after making their case for financial aid, car makers around the world are paring their work forces and curbing production.

Mazda Motor Corp. and Isuzu Motors Ltd. said Thursday that they will reduce their temporary work forces in Japan by a combined 2,700 jobs. Japanese car makers are faring better than their counterparts in Detroit during the economic slowdown, but the sharp decline in sales in the U.S. -- their key market -- has forced many to scale back production at their plants in Japan.

In Europe, French auto maker PSA Peugeot-Citroën ...

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