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Konica Minolta is a trademark of Konica Minolta Holdings, Inc bedda at home jill scott . All othertrademarks mentioned in this document are the property of their respectiveowners jill scoot . Konica Minolta Corporate ContactKonica Minolta Business Solutions U.S.A., Inc.James Norberto, +1 rKonica Minolta Media ContactLois Paul and PartnersFrank Tutalo, +1 Copyright Business Wire 2009 jill greenberg . SHANGHAI/DETROIT (Reuters) - China posted a sharp slowdown in 2008 auto sales growth on Monday, as a source told Reuters that China would join the United States and European countries in offering aid for its automakers jill scott" "crown royal . ChinaShrinking demand which threatens the survival of several makers set the stage for the Detroit auto show, the industry's biggest event, which opened on Sunday.The Chinese numbers added to the gloom as its autos market, hot in recent years for Chinese and Western brands alike, posted 2008 sales growth of 6.7 percent.That was down from more than 20 percent in each of the last three years, the official Xinhua news agency reported.A source told Reuters that China, like the United States and European countries, was examining an aid package for carmakers."The National Development and Reform Commission together with other departments came to a basic agreement about details for the auto and steel plans last week, and these will be discussed at a State Council meeting this Wednesday," the source told Reuters."If approved, they will be announced and implemented very soon."Governments worldwide are being forced to study aid packages for automakers, in part because of the sector's impact on the wider economy.Under a $17.4 billion U.S. federal bailout, General Motors Corp GM.N and Chrysler are mandated to cut labor costs.Ford Motor Co (F.N) Chief Executive Alan Mulally speaking at the Detroit event said that the company did not for the time being expect to have to use a $9 billion credit facility from the government.GM and Ford are also pushing to shed loss-making Swedish units Saab and Volvo.GM Vice Chairman Bob Lutz, who heads up the top U.S. automaker's product development efforts, said Saab had been a drain on GM for years."Frankly they've been on GM life support," Lutz told reporters in Detroit.EUROPE TO DETERIORATEBrokerage Goldman Sachs said on Monday that operating conditions for European carmakers would continue to deteriorate, and it further reduced its forecast for sector sales and production in 2009.Top-ranked European maker Volkswagen (VOWG.DE) eked out a 0.6 percent rise in 2008 group sales on Sunday but warned sales could slide by about 10 percent in 2009.French Economy Minister Christine Lagarde said she would consider strengthening the capital of France's battered carmakers if necessary.Lagarde said topics to be examined at a meeting set for January 20 include financing of car credit, reinforcing carmakers' capital if necessary and structural changes.German Chancellor Angela Merkel told HR-Info radio on Monday that state help was also possible for Opel, a German unit of GM, as part of a planned new fund for struggling German firms.China's proposals include reducing or abolishing a 10 percent tax on vehicle purchases and incentives for developing cleaner cars, according to state media reports.China's biggest automaker, SAIC (600104.SS), owns a 51-percent stake in South Korean sports utility vehicle maker Ssangyong (003620.KS) which filed for bankruptcy protection last week.Unions at Ssangyong said on Monday they had won membership backing for a strike.Slowed demand from automakers will also hit results due this week from Japan's steelmakers led by global No.2 Nippon Steel Corp (5401.T), analysts said."Auto statistics are getting nasty, meaning some analysts are further downgrading their earnings forecasts for Japanese steelmakers after next month," said Takashi Murata, analyst at Daiwa Institute of Research.British car dealer Inchcape (INCH.L) said on Monday it was evaluating an equity issue as one option to strengthen its finances.(Additional reporting by James Mackenzie in Paris; Paul Carrel in Berlin; Cheon Jong-woo in Seoul)(Writing by Jason Neely; Editing by Hans Peters) China.

According to SI ’s Jon Heyman, via Twitter , Boston Red Sox C Jason Varitek has exercised his $3 million player option for 2010.For Varitek, this move makes all the sense in the world . For the Red Sox, I am confident in saying they were hoping Varitek would either retire or decline the option and look for work somewhere else.If he wanted to stay in baseball, Varitek really had no other choice but to exercise his option.Varitek has been a great Red Sox player for the past 13 years jane blonde . He has been the heart and soul of a team that has made the playoffs seven times in his 13 seasons.But as we all know, Varitek has been a shell of his former self the last two years jill ankrom . He really can’t hit anymore on a consistent basis and his defense has slipped as well . No team was going to give him major-league deal, let alone $3 million dollars in 2010.I don’t think we can fault Varitek for making his decision.