Survey finds gloomier mood in German auto industry

NAMPA / DPA

2024-12-03

Munich (dpa) - The mood in the German automotive industry is on a downward spiral, according to a closely watched survey, with lay-offs and cutbacks at a number of prominent carmakers and parts suppliers. The latest instalment of an automotive industry barometer from Germany's ifo Institute, released on Tuesday, found that the outlook among businesses in the sector soured further in November. The index fell to its lowest mark since the peak of th......

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