European automakers are doing peak business in the U.S. Although their sales are only about 1% of the U.S. total, in the first four months of this year they jumped to 24,154 v. 12,653 for the same period a year ago. Biggest increase is in the sale of Volkswagens, for which there is now a three months' wait.
Last week Volkswagen, which is West Germany's top manufacturer, reported record output of 329,893 cars in 1955, said that it expects to produce 400,000 this year. The entire West German industry is doing so well...
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