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Germany's Car Exports Rise 47% in Q1, But Domestic Sales Fall 23%


The VDA, Germany's auto industry association, said on Tuesday that the country's car exports have increased by over 50% to 419,000+ vehicles in March 2010 against the same month time last year, reinforcing the belief that the world may be on its way out of the recession.

In the first quarter of the year, Germany exported a total of 1.05 million cars, up 47 per cent over the same period in 2009.

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