With news of Europe’s biggest economy, Germany, entering recession after shrinking for the second successive quarter, it is no surprise that a new study reports concern about the future development of Germany’s car market.
Earlier this year authors of the report predicted that sales were going to remain lower by almost 5% in 2008. They say overall production is expected to be higher at 6.3 million units, including passenger cars and commercial vehicles, with a major boost coming from commercial vehicle output which is expected to increase by almost 6.5% by the end of 2008.
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