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German automakers have improved this year's forecasts. Despite the economic and political uncertainty, they see enough power in the sector.
The German Automobile Association (VDA) has improved its forecast of car sales in the domestic market. Despite the continued efforts of the German auto sector to get out of the impact of the issue and the threat of a vast trade war,
VDA recently stated that the German passenger car market is expected to increase significantly. one percent this year to reach 3.5 million vehicles. In the initial estimate, the association reported 3.4 million vehicles. "Despite economic and political uncertainty, the German auto industry has maintained enough strength," said VDA director Bernhard Mattes. The German auto sector worries about the threat of US President Donald Trump to introduce a 20% import tax on cars from the European Union, according to the latest figures from June . In this context, Mr Mattes urged European and American politicians to seek a compromise and to follow the rules established by the World Trade Organization (WTO). "If the United States increases unilaterally, we will have to respond to it," added Mattes
(TASR)
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