Eurozone gloom - car production

GERMANY - Eurozone gloom - car production
Germany’s February car production drops 2.9% - Exports down 5.8%
Published: Tue, 03 Apr 2012 20:05:56 GMT
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Signs that even Germany’s resilient car industry is not blessed with gravity defying qualities have emerged from latest figures showing that February’s car production and exports lurched into reverse

After a year of better than earlier expected car production and exports, with both setting new all-time records, Germany’s autoindustry came in for a rude awakening at the beginning of this year as consumers in Europe’s austerity struck markets shunned all earlier thoughts of buying a new car.

The ill-effects of slowing demand in Europe, accompanied by cooling demand in China’s previously sizzling car market, have made their inevitable mark on Germany’s export driven car production...more

DATA TABLES INCLUDED:
++ GERMANY PASSENGER CAR PRODUCTION TABLES, DOMESTIC AND OVERSEAS BY MANUFACTURER 2011 VS 2010 AVAILABLE TO SUBSCRIBERS IN THIS ISSUE ++

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