Almost every one who is a little conceren with business at any level might be aware of the current global ression in worlds economy. The finincial analysts in the world reveal that all the major economies in the world have to face the situation like this once they got boom in business sector. Infact this is the general practice in business that every busniess after a slow start reaches to it peak & then gradually starts declining. So if it is said that Y2K is the peak stages for the world famouse busniess setups in highly developed countries then it would not be wrong. Similarly after Y2K the coming years seems not to be good for the corporate industry & entrepreneurs specially. One of the major threat that faces by all economies in the world is unstability & terrorissom in the society. That makes most of the busniess setups either to close or either not providing path for the suitable territories to expand their business globally.

Now just look at the present scenario in automobiles industires of the world known car brands. At present they are facing the worst financial crunch & had cut thousand of jobs during the last couple of months. According to news reports nissan cuts 1,200 jobs in japan & america due to thousands of unsold cars during the last quarter in 2008. Similarly sales of new cars in the UK have slumped to a 12 year low this year. RV Awnings & other sapare parts manufacturers also face decline in sales. Same is the situation here in my country where all the manufacturer increases the prices of the cars which leads to cut the sales & business decline in automobile industry.