Stuttgart will get 'auto mile'

Stuttgart, Germany. Add Stuttgart to the growing list of German cities that have or will have an "auto mile."

In February, the Emil Frey Group Germany will break ground on a 12,000-square-meter building on Cannstatter Strasse. Called Autowelt, which translates into car world, the 25-million-euro facility will sell new and used car for 15 brands starting at the end of 2006.

"It is time for a new beginning," says Klaus Fricke, chairman of Emil Frey Group Germany's management board.

New cars of several different brands are being sold under the same roof on Hoeherweg in Duesseldorf.

Dutch entrepreneur Willi Blankwater is converting Hanover's U-Boot-Halle, a historic building, into a center for new and used cars.

When construction is finished in February 2006, Blankwater will rent out the 20,000-square-meter hall to 25 dealers.

Tags: Retail Sales

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