BERLIN, June 4 (Xinhua) — New passenger car registrations in Germany were down by almost 50 percent in May compared to the same month last year, the Federal Motor Transport Authority (KBA) said on Thursday.
Around 168,000 new passenger cars were registered in Germany in May, according to the KBA.
In the first five months of this year, 990,300 new passenger cars were registered, which was “the lowest figure in this time frame in reunited Germany,” according to the German Association of the Automotive Industry (VDA).
After the “historic slump” of 61 percent in April, Germany's new car market “showed the first signs” of recovery in May, the consulting firm Ernst & Young (EY) noted on Thursday. EY expected the decline in new car registrations in Germany in the coming months to be less severe than in May.
“The state of shock is over,” said Peter Fuss, partner at EY Germany. More German customers dare to visit car dealerships, and the registration offices should soon be operating norma..
Author: World_Newz Mon
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The luxury carmaker said in an emailed statement that it is reviewing its management team but declined to comment on Palmer's fate.
Palmer and Germany's Daimler AG, which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment.
The Financial Times newspaper had reported earlier that the Aston Martin chief was going to leave as part of a shake-up of its leadership, with an official announcement expected on Tuesday.
Palmer had not been informed of the upcoming announcement, the newspaper reported.
Aston Martin, famed for being fictional secret agent James Bond's car of choice, has seen its share price plummet since floating in October 2018.
The 107-year old British luxury carmaker earlier t..
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