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Mahindra CIE turnaround strategy leads to closure of German facility

Fluctuations in demand and internal inefficiencies lead to the closure of Mahindra CIE's German unit, Jeco-Jellinghaus

In Germany, production of passenger cars continued to decline in February. A total of 488,200 cars were produced by vehicle manufacturers in the country, a decline of 5% compared with output levels seen in February 2014. For the first two months of this year, passenger car output has dropped by 5%.

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