Auto exports from Germany to the rest of the world fell even more sharply than production, tumbling 13 per cent to 3.5 million.
Representative image.
Carmakers built just 4.7 million cars in Germany in 2019, industry data showed, squeezing production to its lowest level since 1997 as US-China trade tensions sapped vital foreign markets. The powerful VDA carmakers’ club said output had tumbled nine per cent year-on-year, blaming “weaker international demand” for the fall. The lower appetite from abroad comes on top of demanding technological change and tighter emissions restrictions complicating life for carmakers, long a pillar of Europe’s largest economy.
With consumer spending buttressing the domestic market even as economic growth slowed, new registrations of cars on German roads booked an increase of five per cent, at 3.6 million. But auto exports from Germany to the rest of the world fell even more sharply than production, tumbling 13 per cent to 3.5 million. “The fall in car production means Germany continues to lose significance in the global auto industry,” said Ferdinand Dudenhoeffer of the Center Automotive Research.
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