UPDATE 1-German car production to be flat in 03-VDA

Newswire

(Adds detail on exports, production, background) FRANKFURT, Jan 30 (Reuters) - Over two thirds of cars built in Germany last year found homes abroad, helping carmakers offset stagnant domestic demand, but they face another tough ride in 2003, the VDA industry group said on Thursday. The association confirmed at its annual news conference that it expected 3.25 million new car registrations in Germany in 2003, broadly the same level as last year. "If the uncertainty decreases and a ...

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