Difficulties at BASF A German Industrial Giant Runs into Trouble

BASF has been one of Germany's best performing companies for decades, withstanding the Great Depression, World War II and the 1970s oil crisis. Now, though, the company is having to radically reduce output as it is hit hard by the global economic downturn.
BASF is turning into a surprise victim of the global economic downturn.

BASF is turning into a surprise victim of the global economic downturn.

Foto: DDP
Translated from the German by Paul Cohen.