Financial Times FT.com

Slowdown fails to brake car group

By Andrew England

Published: December 16 2008 17:22 | Last updated: December 16 2008 17:22

To illustrate the tough times his company has faced, Raouf Ghabbour lifts his hand to the bottom of his nose.

“The water level was up to here until 2004,” he says, suggesting the business was close to drowning.

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