German car industry to slash more jobs in 2020 - VDA

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, adding that the association expected global car sales to fall by 4.1 million to 80.1 million this year.Germany's export-dependent..