German car industry roars ahead in August

7th September 2004, Comments 0 comments

7 September 2004 , FRANKFURT - Germany's automobile industry said Tuesday that the introduction of new models to the market had ignited a surge in new orders and production in August. The German Association of the Automotive Industry (VDA) in Frankfurt said domestic orders jumped 17 percent year-on-year in August, while foreign orders were up two per cent. At the same time, production in August climbed 19 per cent to 312,000 vehicles, with exports rising 17 percent year-on-year, the VDA said. The associati

7 September 2004 

FRANKFURT - Germany's automobile industry said Tuesday that the introduction of new models to the market had ignited a surge in new orders and production in August.

The German Association of the Automotive Industry (VDA) in Frankfurt said domestic orders jumped 17 percent year-on-year in August, while foreign orders were up two per cent.

At the same time, production in August climbed 19 per cent to 312,000 vehicles, with exports rising 17 percent year-on-year, the VDA said.

The association said the demand both at home and abroad was particularly strong for diesel-powered cars.

The August figures were a dramatic turnaround from July, when car production fell 10 percent to 400,400.

DPA

Subject: German news

0 Comments To This Article