SEB Parks Repossessed Cars on Latvian Airstrip as Economy Slows

Archived Articles | 12 Jun 2009 | EWR OnlineEWR

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.

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