German car exports fall 17.2% in Q3 due to supply bottlenecks – Reuters.com

Reporting by Zuzanna Szymanska; Editing by Maria Sheahan.

FILE PHOTO: A production line of German cars and truck maker Audi, amid the spread of the coronavirus illness (COVID-19) in Ingolstadt, Germany, June 3, 2020. REUTERS/Andreas Gebert/File PhotoBERLIN (Reuters) – Germanys cars and truck exports dropped 17.2% in the 3rd quarter due to chip lacks and other supply traffic jams, information revealed on Monday, pointing to a decline in sales of automobiles with combustion engines while worldwide sell electrical lorries grew.
According to information from the German Federal Statistics Office, Germany exported automobiles for 23.1 billion euros ($ 26.03 billion) and imported cars and trucks for 11.2 billion euros in the period, the lowest quarterly levels considering that the second quarter of 2020.
($ 1 = 0.8874 euros).

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