REGION

REGION

Industrial park for sale

LORDSTOWN — The company that owns the Ohio Commerce Center is looking to sell the industrial park, said Lordstown Mayor Michael Chaffee. Lordstown officials have told park representatives that Meritex of Minnesota would help market the property, which has about 250 workers at about 15 businesses. Chaffee said tenants of the park have told Lordstown officials that they are looking for other locations. The tenants have been told they would be placed on month-to-month leases once their long-term leases expire, he said. Officials at the park could not be reached to comment.

WORLD

European automakers need more state loans

BRUSSELS — The European car industry needs more state loans — and more quickly — to stave off crisis as sales slump, Renault’s chief executive said Wednesday. Carlos Ghosn, the head of the EU carmakers’ association ACEA, said total European car sales could fall by up to 25 percent this year — and output by a quarter — and government incentives were crucial for propping up the market.

Credit for suppliers and manufacturers is key because they “cannot find financing at a reasonable level” and are paying interest rates three times higher than they were two years ago, he said.

Vindicator staff and wire reports