German car sales plunge
Berlin - The global car industry crisis has tightened its grip on Germany's key automakers with sales tumbling by 14 per cent in January, figures released Tuesday showed.
Published by Germany's Assocation of International Motor Vehicle Manufacturers (VDIK) and the country's carmakers' association (VDA) said car orders in Germany alone dropped by 13 per cent in January compared to the same month in 2008.
German car exports plunged 39 per cent to 222,700 vehicles, the VDA.
At the same time, Germany's vehicle registration office (KBA) said new registrations in Europe's biggest car market slumped by 16.2 per cent month on month in January. (dpa)
Business News:
General: