India, May 2 -- Confidence among companies in Germany's automotive industry improved in April though they remained concerned about a lack of orders, a survey by the ifo institute showed Thursday.
The business climate for Germany's automotive industry rose to -1.5 points from -5.3 points in March, the think tank said. "Companies in Germany's automotive industry rate their current business situation as slightly better, but more importantly, their outlook once again turned much less pessimistic than in March," Anita Wolfl, a specialist at the ifo Center for Industrial Organization and New Technologies, said.
"However, the order situation is putting a damper on the business climate," Wolfl said. The ifo survey found that companies still viewe...