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German car industry expects more job cuts in 2020

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BERLIN (Reuters) - Germany's main automobile industry body said on Wednesday it expects global car sales to fall by 5% this year, the steepest drop since the financial crisis, and warned of more job cuts in 2020 as a result."The competition is getting tougher, the headwinds are getting stronger," Bernhard Mattes, president of industry association VDA, told reporters. The association expects global..
Date Published: Dec 04, 2019
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