Foreign carmakers suffer as Germans shun showrooms

Newswire

By Michael Shields, European Auto Correspondent FRANKFURT, Jan 24 (Reuters) - Business couldn't be worse for Alfred Bettschnitt, who runs the Fiat dealership Autohaus am Hainberg in the southern German city of Nuremberg. "It is a collapse, definitely," Bettschnitt complained this week as the buying frenzy late last year -- before Germany raised value-added tax rates by three percentage points -- came to an abrupt halt this month. "I assume the market will normalise in the second half ...

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