The German auto industry us under threat as domestic Chinese brands erode German market share in China and export EVs to the west.
Several years ago, the German government expressed its concerns about exporting German car-building jobs to China and the attendant political and economic upheaval that would entail. However, at that time, the German auto industry felt confident that it could continue to mainly produce and sell ICE vehicles in Germany while at the same time exploring the possibilities of electric vehicles for the expected “niche” market. We had the award-winning BMW i3 and the budget Volkswagen e-Up.
What is the economic future for economies dominated by the auto industry? In an article co-authored by myself and Dr Paul Wildman,“Is Toyota circling the drain and will it take Japan with it?” No one is suggesting that any German carmaker is circling the drain. However, a significant loss of jobs in the German auto industry will lead to political instability. German auto unions play a large part in the political process.
As VW sales slump in China, it appears that the Chinese population thinks that Chinese made EVs are better than German brand EVs, including Teslas.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German-American Fest to celebrate German food, music, culture in Lincoln SquareCelebrate the coming of fall at the German-American Fest, Lincoln Square's Oktoberfest, in early September.
Read more »
‘The Theory of Everything’ Review: Visually Striking German Science Caper Fails to CaptivateDirector Timm Kröger’s second feature, which premiered in competition in Venice, follows a young physicist attending a conference in the Alps.
Read more »
European markets set to start the week on a positive note; German trade data aheadEuropean markets are set to start the new trading week on a positive note, buoyed also by trade in Asia-Pacific markets overnight.
Read more »
European markets set to start the week on a positive note; German exports dipEuropean markets are set to start the new trading week on a positive note, buoyed also by trade in Asia-Pacific markets overnight.
Read more »
German exports down in July By ReutersGerman exports down in July
Read more »
European markets start week higher; German exports dipEuropean markets started the week on a positive note, buoyed by overnight trade in Asia-Pacific.
Read more »