Market for car trade has weakened materially - K Auto Oy and K Caara Oy to initiate codetermination negotiations with personnel
(WorldNews Finland)

`During the first half of the year, new registrations of passenger cars in Finland decreased by more than 12% compared to the year before. This was due to factors such as uncertainty among consumers with regard to the technological transformation of the car industry, a marked increase in cars imported from abroad, and the implementation of WLTP emissions testing. Some of the factors are temporary, but we do not expect the market to return to its previous level in the near future. We therefore have to adjust our operations to the current...