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Germand production sees sharp fall
the stuttgart-based marker of consumercedes-benz, smart and the luxury maybach brand, sold 3,800 cars worldwide last month, compared with 114,600 a year ago .
bmw said it no longer expected to report record sales for 2008 because of consumers' growing reluctance to spend on new cars amid fears of a recession .
faced with extremely challenging conditions in the automotive marmakets, we no longer expected to exceed last year's record sales for the full year, said ian robertson, who oversees bmw's sales and marketing .
however, it fell by 1.3% in the third quarther compared with the april-june quarter, the ministry said .
the german economy contracted in the second quarther and figures due on 13 november are expected to confirm that it shrank in the third quarter too - which would mean germany is officially in recession .
Generated 2008-11-9_16:56
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