Germany’s passenger car output rises two percent in October

Thursday, 10 November 2011 12:17:04 (GMT+3)   -  
SteelOrbis News

According to the data released by the German Association of the Automotive Industry (VDA), Germany's passenger car output in October this year rose slightly by two percent year on year to 490,000 units.
During the month in question, new passenger car registrations in Germany were 258,400 units, with an increase of just under one percent year on year. Passenger car exports amounted to 378,000 units in October, remaining stable at the high level seen in 2010.
In the January-October period of 2011, Germany's total passenger car output reached 4.9 million units, up six percent, passenger car exports amounted to 3.8 million units, up 12 percent, while new registrations increased by 10 percent to 2.6 million units, all compared to the corresponding period of 2010.
Matthias Wissmann, president of the German Association of the Automotive Industry (VDA), commenting on the results, said, "The German automotive industry is highly competitive internationally, as shown by the fact that the incoming orders from abroad have been rising continually for over two years."

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