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Name | Symbol | Market | Type |
---|---|---|---|
Porsche Automobile Holding SE (PK) | USOTC:POAHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 0.21% | 4.70 | 4.65 | 4.75 | 4.71 | 4.67 | 4.69 | 418,270 | 21:20:00 |
German new car registrations declined nearly 5% on the year in July, but were flat over the first seven months of the year, international vehicle manufacturing association VDIK said Thursday, amid fears of a stalling German economy.
MAIN FACTS:
-This is the first monthly decline on the year since January 2012, after registrations were flat in February.
-New car registrations amounted to 248,000 units in July.
-For the January to July period, new car registrations in Germany were stable at 1.8 million units, despite strong declines in other European countries, VDIK said.
-However, the association noted order intake and backlog in the industry are easing.
-Europe's car market may pick up in autumn if consumer confidence is restored by a solution to the financial crisis, VDIK president Volker Lange said.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
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