German car exports fall 17.2% in third quarter amid supply bottlenecks By Reuters
© Reuters. FILE PHOTO: A production line for German automaker Audi, amid the spread of coronavirus disease (COVID-19) in Ingolstadt, Germany, June 3, 2020. REUTERS / Andreas Gebert / File Photo
BERLIN (Reuters) – German car exports fell 17.2% in the third quarter due to chip shortages and other bottlenecks, data showed on Monday indicating lower sales of motor cars at combustion while international trade in electric vehicles increased.
According to data from the German Federal Statistical Office, Germany exported cars for 23.1 billion euros (26.03 billion euros) and imported cars for 11.2 billion euros during of the period, the lowest quarterly levels since the second quarter of 2020.
($ 1 = 0.8874 euros)
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