December 14th, 2008
German Car Industry Is In Trouble Too
The American auto industry isn’t the only one suffering. Reports that Germany is seeing a down turn have surfaced with 2009 projected to be a very difficult year for that nation’s new car market.
Talk about the troubles for America’s car industry is rampant, but the German automotive industry is taking its lumps too. Reuters is reporting that the German market is going through its worst slump since 1990 and expects the market to contract by 200,000 units in 2009.