Germany’s Car Production Declined 6 Percent Through August

Germany’s Car Production Declined 6 Percent Through August – Brief Article

The federation of Germany’s automobile industry is cautiously optimistic for the remainder of 2002, but has confirmed its earlier forecast of 3.2 million new passenger car registrations in Germany. Last month alone, German carmakers registered a 9 per cent drop in domestic order bookings.

The organization bases its cautious optimism on the fact that Germany’s passenger car production fell by only 6 per cent between January and August 2002. During the first four months of 2002, production was down 10 per cent. German car exports dropped by 4 per cent to 2.34 million units during the first eight months of 2002, while domestic new car registrations fell by 3 per cent to 2.24 million between January and August 2002.

COPYRIGHT 2002 International Trade Services

COPYRIGHT 2002 Gale Group