The German auto industry expects in this year a marked decline in domestic production. In the German plants are likely to roll with 4.8 million Cars, roughly 5 percent fewer vehicles from the Band, informed the German Association of the automotive industry (VDA) on Saturday. The foreign production is expected to grow, however, is likely to fall by three per cent to 11.6 million Cars. Background of the downturn in the economy, trade and customs risks, but also the construction and Expansion of factories in the United States, Mexico, and China.
“this year, the foreign countries will increase production more than the entire Car production of our group’s brands,” said the Association’s President, Bernhard Mattes. Employment in the German car manufacturers is expected to remain in 2019, but stable. In the past year, the number of employees in Germany have increased at an annual average of 14.400 on 834.400 employees. “This is the highest level of employment since the reunification”, said Matt.
All the markets were at a high level. In Europe, the Association expects a stable demand in China, demand was almost at the level of the previous year, in the U.S., a slight decline. A prerequisite is, however, that the trade and economy would resolve political conflicts in a constructive way.
The European market to remain under this assumption, with 15.6 million Cars stable. The US market is expected to decline in 2019, although slightly, by 2 percent, with 16.9 million vehicles continue to exhibit a high level. The Chinese passenger Car market could reach a solution to the trade conflict, the previous year’s level of 23 million cars.
According to the words of Matt, a “hard Brexit” – the EU exit can be avoided in the UK without a contract -. A “No-Deal scenario” would involve serious consequences and for companies and Employees in the EU-27 with significant risks. The UK was measured at the numbers, Germany’s largest passenger Car export partner. 2018 the Export from Germany had already fallen by 13 per cent to 666.000 new cars.
Matt warned the EU and the USA, to do in the trade talks, “everything, in order to reach a constructive solution at the negotiating table”. The downturn in the US car market, the German manufacturer felt now. Volkswagen, Audi and Daimler’s Mercedes-Benz USA reported February Sales declines. BMW stepped up to the spot. However, the German car manufacturers are no exceptions.
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At the Geneva motor show, the German manufacturer’s show next week, according to the VDA, with new models and studies, including many electric and hybrid cars. “We are investing in electric mobility in the next three years, about 40 billion euros, with the addition of a further 18 billion euros in the digitalization, networked and automated Driving”, said the head of the VDA. The model range of the German manufacturer will increase by then to about 100 E-models tripled. Need more charging stations and buying incentives. (dpa)
