Matthias Wissmann News
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German new car sales fell the most in almost 2 1/2 years last month as renewed skepticism over the handling of the sovereign-debt crisis in Europe discouraged consumers from making large purchases.
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German car sales will probably rise 6.9 percent next year as falling unemployment and rising payrolls in Europe’s largest economy boost demand, the country’s automotive industry group said.
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The German car market, Europe’s largest, probably won’t grow next year as the region’s sovereign-debt crisis saps consumer confidence.
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Europe’s manufacturing industry grew more than initially estimated in December, powered by Germany’s export-led expansion.
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German carmakers will have a record year with sales clearly higher than last year, Bild reported, citing Matthias Wissmann, who heads the VDA, the German carmakers’ association.
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Exports from Germany, Europe’s largest economy, fell more than economists forecast in October as slowing global growth and the region’s debt crisis damped demand.
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German stocks were little changed as investors waited to see whether the U.S. Federal Reserve will announce sufficient asset purchases following its meeting this week to revitalize the global economic recovery.
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The automotive industry will see stable growth in the medium- and long-term, Boersen-Zeitung reported, citing Matthias Wissmann , who heads the VDA, the German carmakers’ association.
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German carmakers including Bayerische Motoren Werke AG, Daimler AG and Volkswagen AG’s Audi will start a new marketing offensive for diesel-fuelled vehicles in the U.S., Sueddeutsche Zeitung reported, citing Matthias Wissmann, head of Germany’s VDA auto-industry association.
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Heavy-truck sales in Germany will probably rise 14 percent this year to 70,000 units, after a 38 percent slump in 2009, according to the Matthias Wissmann, president of the VDA industry group.
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