Economics

German Auto Industry Bracing for Slump as Demand Dips, Ifo Says

Volkswagen AG (VW) automobiles sit in storage inside a delivery tower at the VW factory in Wolfsburg, Germany. — Volkswagen AG (VW) automobiles sit in storage inside a delivery tower at the VW factory in Wolfsburg, Germany.
Photographer: Krisztian Bocsi/Bloomberg

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By David Verbeek

March 1, 2020 at 1:33 PM UTC

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The German automotive industry is bracing for a dip in sales in the coming months as it faces a slump in demand, the Ifo institute for economic research said.