Dark Outlook for the German Automotive Industry. 76% of Suppliers Plan to Postpone or Cancel Investments

The DIHK warns against an investment restraint of German companies: Only 24 percent are currently planning higher expenditures, while one third is planning to cut investment. Chief Executive Officer Helena Melnikov sees this as a serious threat to growth and competitiveness.

According to a new survey by the German Automotive Industry Association (VDA), more than three-quarters of German automotive suppliers (76%) plan to postpone, postpone or completely cancel planned investments in Germany. Instead, they plan to move investments to other EU countries, Asia or North America, writes the German daily Berliner Zeitung (BZ). The reason is said to be the problems of the German automotive industry in recent years, which a…

The German economy is stuck in a slump in the economy. Uncertainty shapes the location. This has consequences, as a survey by the German Chamber of Commerce and Industry shows.