Europeans plucky enough to ignore the crumbling economy and confident that their jobs are safe might find that a new car isn't possible because banks won't lend them any money.
With Europe on the brink of a double-dip recession, forecasters are scrambling to slash sales forecasts, but there is an added negative hanging over car manufacturers: the threat that even willing car buyers may be barred from the market because credit has dried up.
Last week's summit meeting in Brussels to save the euro single currency zone failed to take any decisive action and the threat to banks remains. And as they struggle to rebuild balance sheets, consumers are being squeezed out.
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