SEB Parks Repossessed Cars on Latvian Airstrip as Economy Slows
Archived Articles | 12 Jun 2009  | EWR
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Niklas Magnusson and Aaron Eglitis

June 12 (Bloomberg) -- More than 500 repossessed cars, trucks and bulldozers are parked around a disused airstrip in Latvia, a symbol of the deepening recession in the Baltic region. Many will be shipped to countries less affected by the crisis as banks seek buyers for the BMWs, Mercedes and Volvos.

Read the complete article at Bloomberg.com:
http://www.bloomberg.com/apps/...
 
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