The BBC World Service looks at how the credit crisis is affecting the car industry, which is often seen as a barometer of the world economy.
BBC Correspondents talk to different representatives of the motor industry to gauge how they are faring as many companies face falling sales and reduced profits.
CAR NO LONGER KING IN CALIFORNIA
The US motor industry is being badly affected by the credit crunch.
High petrol prices have forced many people to switch to public transport.
Car dealerships are also suffering. Vehicle sales fell by 27% in September and industry analysts predict up to 2000 showrooms could close in the next 18 months.
Peter Bowes talks to Leo Hagan, a car salesman in Hollywood who says US dealers are finding business extremely tough.
SOUTH AFRICA'S CAR INDUSTRY FEELS THE SQUEEZE
A company in Pretoria who make components including seats for the car manufacturers worldwide say they are feeling the effects of the economic downturn.
Jonah Fisher spoke to Dawie Bezuidenhout from the car leather manufacturers' industry who says many companies have been forced to make cuts and lay off staff.
FORD OPTIMISTIC IN BRAZIL
Brazil's car industry has boomed in recent years following the country's strong economic growth.
Car sales are up almost 30% so far this year.
Gary Duffy spoke to Rogelio Golfarb, director of Ford motor company in Brazil who said they were "cautiously optimistic" about business over the next few months.