Tag #German Auto Industry

Showing 1 to 12 of 17 results

theglobeandmail.com
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Trump's 25% Auto Tariff Slams German Carmakers

President Trump imposed a 25% tariff on all foreign cars, significantly impacting German automakers who export approximately 450,000 vehicles annually to the US, valued at $24.8 billion; this comes at a time when their European and Chinese sales are already declining.

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52% Bias Score

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welt.de
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Trump Imposes 25% Tariff on Auto Imports

President Trump announced 25% tariffs on auto imports to the US, effective April 2nd, aiming for $100 billion in revenue and increased domestic production, escalating trade tensions with the EU and potentially impacting consumers.

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dw.com
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BMW Profit Plunges 37% Amidst China Slowdown and Supply Chain Woes

BMW's after-tax profit fell 37% to €7.7 billion in 2024 due to weaker sales in China (-8.4% to €142 billion) and supply chain issues; however, they anticipate a recovery in 2025.

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44% Bias Score

welt.de
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German Auto Investment Shifts Abroad

The German automotive industry invested 53% of its €99 billion budget outside Germany in 2023, reversing a trend that saw a majority of investment domestically until 2021; this is attributed to high energy prices and bureaucratic costs.

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36% Bias Score

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forbes.com
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German Mayors Demand Overturn of EU's 2035 EV Mandate

Mayors of 15 German cities, led by Saarbrücken's Uwe Conrad, demanded the European Commission overturn its 2035 Battery Electric Vehicle mandate, warning of over 600,000 job losses and plant closures, and proposing alternative solutions including plug-in hybrids and investments in charging infrastru...

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zeit.de
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\"German Auto Industry Faces Steep Challenges in 2025\

The German automotive industry faces significant challenges in 2025, including stricter EU CO2 emission standards requiring a 75% increase in battery electric vehicle sales, threatened US tariffs, and a lack of supportive government policies; the industry anticipates substantial job losses due to th...

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Climate Action
welt.de
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\"US Tariffs Cripple German Auto Exports\"\

The US, Germany's largest car export market, recently increased tariffs on imported vehicles, impacting the already struggling German auto industry significantly, as major automakers face decreased sales and increased production costs.

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dw.com
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Audi to Cut 7,500 German Jobs Amidst Declining China Sales

Audi will cut 7,500 jobs in Germany by 2029 to improve competitiveness, investing €8 billion in German plants while facing declining sales in China due to increased competition; this follows a similar move by Volkswagen and reflects struggles in the German auto industry.

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44% Bias Score

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welt.de
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Baden-Württemberg Automotive Industry Faces Competitive Challenges

IG Metall Baden-Württemberg district head Barbara Resch warns that the region's automotive industry is falling behind competitors in key areas like e-cars and software, leading to job cuts and potential economic decline unless policy changes are made to improve framework conditions.

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36% Bias Score

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dw.com
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German Auto Industry Faces Recession Amidst Policy Uncertainty

The German automotive industry is facing a recession due to inconsistent government support for electric vehicles, high energy costs, and excessive bureaucracy, with the upcoming elections adding further uncertainty.

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40% Bias Score

Industry, Innovation, and Infrastructure
dw.com
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German Auto Industry Crisis: Subsidy Chaos and US Tariffs Threaten Economic Stability

Germany's auto industry is facing a crisis due to a slump in electric vehicle sales, inconsistent government subsidies, high energy costs, and potential US tariffs, creating uncertainty and threatening the nation's economic stability.

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52% Bias Score

Industry, Innovation, and Infrastructure
zeit.de
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German EV Market Shrinks 27% in 2024

Germany's 2024 electric vehicle market contracted by 27 percent to approximately 381,000 new registrations due to the end of government subsidies; Tesla and Opel experienced the largest losses, while BMW, Mercedes, and VW gained market share.

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44% Bias Score

Industry, Innovation, and Infrastructure

Showing 1 to 12 of 17 results