IFO: German car industry pessimistic about demand

Piet Andries

March 7, 2023

As the IFO registers a dark mood, the Volkswagen Group shows confidence expecting sales to rise with 14% /Audi

According to a survey of IFO, the German car industry fears a slowing domestic demand. The body, questioning both suppliers and manufacturers, says that these dimmed expectations are attributed to a cautious attitude from car buyers. In its monthly indicator, the  Leibniz Institut für Wirtschafts
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