Tag #German Automakers

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german.china.org.cn

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Aug 13, 13:19

US Tariffs Cripple German Automakers' Profits

Since April 2024, increased US tariffs on EU vehicles caused major profit drops for German automakers like BMW, Mercedes-Benz, and Volkswagen, prompting them to seek Asian markets despite a recent tariff reduction to 15 percent; experts warn of continued challenges.

US Tariffs Cripple German Automakers' Profits

Since April 2024, increased US tariffs on EU vehicles caused major profit drops for German automakers like BMW, Mercedes-Benz, and Volkswagen, prompting them to seek Asian markets despite a recent tariff reduction to 15 percent; experts warn of continued challenges.

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What are the immediate economic consequences of the US tariffs on the German auto industry, and how significant are the profit losses?

The drastic increase in US tariffs on EU vehicles since April 2024 severely impacted German automakers, causing significant profit declines and prompting them to explore Asian markets. A recent EU-US agreement lowered tariffs from 25 percent to 15 percent, easing immediate tensions. However, experts warn that this relief may be short-lived.

politico.eu

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Aug 3, 10:12

EU-U.S. Trade Deal Lowers Auto Tariffs, But Job Losses Loom

The EU-U.S. trade deal lowers U.S. auto tariffs to 15 percent from 25 percent starting August 1, impacting European automakers who incurred significant losses from previous tariffs, with potential job losses in Europe estimated at 70,000 despite some companies continuing to lobby for further concess...

EU-U.S. Trade Deal Lowers Auto Tariffs, But Job Losses Loom

The EU-U.S. trade deal lowers U.S. auto tariffs to 15 percent from 25 percent starting August 1, impacting European automakers who incurred significant losses from previous tariffs, with potential job losses in Europe estimated at 70,000 despite some companies continuing to lobby for further concess...

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What are the immediate financial impacts of the EU-U.S. trade deal on European automakers, considering both reduced and remaining tariffs?

The EU-U.S. trade deal lowers U.S. car and auto part tariffs from 25 percent to 15 percent starting August 1, impacting European automakers who had lobbied for further concessions. Despite some setbacks, BMW continues to pursue an export offset scheme to mitigate tariff impacts on its U.S. production.

sueddeutsche.de

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Jul 31, 13:17

BMW Outperforms Competitors Amidst Tariff Headwinds

BMW reported relatively stable sales of approximately 1.2 million vehicles despite an 8 percent revenue drop to 67.7 billion euros in the first half of 2024, outperforming competitors like VW and Mercedes-Benz due to its robust business model and US manufacturing facility, while still facing signifi...

BMW Outperforms Competitors Amidst Tariff Headwinds

BMW reported relatively stable sales of approximately 1.2 million vehicles despite an 8 percent revenue drop to 67.7 billion euros in the first half of 2024, outperforming competitors like VW and Mercedes-Benz due to its robust business model and US manufacturing facility, while still facing signifi...

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What is the primary reason for BMW's relative resilience compared to other German automakers amidst recent economic challenges?

BMW's robust business model", according to CEO Oliver Zipse, allowed the company to withstand recent economic headwinds better than competitors like VW and Mercedes-Benz. While BMW's sales remained relatively stable at approximately 1.2 million vehicles, their revenue decreased by 8 percent to 67.7 billion euros due to tariffs. These tariffs impacted BMW's profitability, with an estimated 1.25 percentage point reduction in automobile segment margin projected for the year, amounting to a substantial sum.

welt.de

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Jul 10, 16:12

German Automakers Struggle in China, European Market Offers Relief

German automakers face significant sales declines in China during the first half of 2024, with Mercedes-Benz, Audi, and BMW experiencing double-digit drops, while VW shows modest resilience; in contrast, the European market performs relatively well for German brands, driven by an electric vehicle bo...

German Automakers Struggle in China, European Market Offers Relief

German automakers face significant sales declines in China during the first half of 2024, with Mercedes-Benz, Audi, and BMW experiencing double-digit drops, while VW shows modest resilience; in contrast, the European market performs relatively well for German brands, driven by an electric vehicle bo...

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What are the major challenges faced by German automakers in China, and what are the immediate consequences?

German automakers are facing significant challenges in the Chinese market, with Mercedes-Benz, Audi, and BMW experiencing double-digit sales declines in the first half of the year. The VW Group, however, demonstrates relative resilience, showing a minor decline of only 2.3 percent.

zeit.de

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Apr 21, 10:09

China's EV Boom Challenges German Automakers

China's automotive market, the world's largest, is experiencing intense competition as domestic manufacturers lead in electric vehicles, forcing global players to adapt or lose market share; this trend is exemplified by declining sales for German automakers in China during the first quarter of 2025.

China's EV Boom Challenges German Automakers

China's automotive market, the world's largest, is experiencing intense competition as domestic manufacturers lead in electric vehicles, forcing global players to adapt or lose market share; this trend is exemplified by declining sales for German automakers in China during the first quarter of 2025.

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What are the key challenges and opportunities facing German automakers in the increasingly competitive Chinese automotive market?

China remains the world's largest car market, with approximately 31 million vehicles sold in 2024. However, competition is fierce, with domestic manufacturers expanding their lead in electric vehicles (EVs), a particularly popular segment in China. This intense competition is driving rapid innovation and price decreases, resulting in significant overcapacities.

themarker.com

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Feb 22, 13:09

Chinese EVs Outpace German Rivals in China

German automakers are losing market share in China to Chinese electric vehicle manufacturers like Xiaomi, whose SU7 model offers comparable performance and advanced AI features at half the price, resulting in a 28% sales drop for Porsche in 2024 and prompting job cuts.

Chinese EVs Outpace German Rivals in China

German automakers are losing market share in China to Chinese electric vehicle manufacturers like Xiaomi, whose SU7 model offers comparable performance and advanced AI features at half the price, resulting in a 28% sales drop for Porsche in 2024 and prompting job cuts.

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What is the primary reason for the decline in sales of German luxury car brands in China?

German automakers, long dominant in the Chinese high-performance car market, are losing ground to Chinese competitors. Chinese electric vehicles offer comparable performance with advanced features like AI-assisted parking and personalized greetings at half the price of German counterparts. This has led to significant sales declines for German brands in China, exemplified by Porsche's 28% drop in 2024.

china.org.cn

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Aug 11, 10:14

US Tariffs Force German Automakers to Seek Opportunities in China

Increased US tariffs on EU vehicles since April 2025 significantly reduced profits for BMW, Mercedes-Benz, and Volkswagen, prompting them to shift towards the Chinese market for growth and stability, despite a recent tariff reduction from 25 percent to 15 percent.

US Tariffs Force German Automakers to Seek Opportunities in China

Increased US tariffs on EU vehicles since April 2025 significantly reduced profits for BMW, Mercedes-Benz, and Volkswagen, prompting them to shift towards the Chinese market for growth and stability, despite a recent tariff reduction from 25 percent to 15 percent.

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What are the immediate consequences of the recent US-EU tariff agreement on the profitability of German automakers?

The recent 10 percentage point reduction in US tariffs on EU vehicles, from 25 percent to 15 percent, has offered some relief to German automakers after significant profit declines in the first half of 2025. However, this relief is considered temporary due to lingering uncertainties and high export costs. BMW's group revenue fell 8.2 percent year-on-year, while net profit dropped 29 percent, and Mercedes-Benz's net income plummeted from 6.1 billion euros to 2.7 billion euros.

dw.com

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Jul 31, 22:13

US-EU Trade Deal: Winners and Losers in the German Auto Industry

The US-EU trade deal eliminates EU tariffs on US-made cars, benefiting German automakers like BMW and Mercedes, but US tariffs on EU cars remain at 15%, impacting German manufacturers primarily producing in Europe, creating uncertainty about future investment decisions.

US-EU Trade Deal: Winners and Losers in the German Auto Industry

The US-EU trade deal eliminates EU tariffs on US-made cars, benefiting German automakers like BMW and Mercedes, but US tariffs on EU cars remain at 15%, impacting German manufacturers primarily producing in Europe, creating uncertainty about future investment decisions.

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How does the US-EU trade deal differentially affect German automakers with US production versus those primarily based in Europe?

This agreement highlights the complex impact of trade policies. While it benefits German automakers with US production facilities by eliminating EU tariffs, it simultaneously disadvantages those mainly producing in Europe due to persistent US tariffs. This differential treatment incentivizes relocation of production to the US.

welt.de

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Jul 27, 07:11

China's Lowered Luxury Car Tax Impacts German Automakers

China lowered the luxury tax threshold for cars from 1.3 million Yuan to 900,000 Yuan, impacting German automakers like BMW, Audi, Porsche, and Mercedes-Benz who sell premium vehicles in China. The change, effective last Sunday, includes electric vehicles and could influence sales in China's premium...

China's Lowered Luxury Car Tax Impacts German Automakers

China lowered the luxury tax threshold for cars from 1.3 million Yuan to 900,000 Yuan, impacting German automakers like BMW, Audi, Porsche, and Mercedes-Benz who sell premium vehicles in China. The change, effective last Sunday, includes electric vehicles and could influence sales in China's premium...

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How does this tax change affect the competitive landscape of the Chinese automobile market?

The reduced luxury tax threshold in China primarily benefits Chinese brands competing in the high-end market, as it broadens the range of vehicles exempt from the higher tax rate. German automakers, while acknowledging the change, anticipate varying degrees of impact. Some, like BMW, expect minimal effects due to the high price point of their vehicles. This new policy potentially affects the competitiveness of German automakers in China's premium market.

welt.de

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Jun 4, 07:10

German Automakers Lag Behind China's Rapid Growth

German automakers suffered a 2.3% revenue drop and a one-third profit decrease in Q1 2024, while Chinese manufacturers saw a 15% revenue and 66% profit increase, highlighting a growing competitive gap.

German Automakers Lag Behind China's Rapid Growth

German automakers suffered a 2.3% revenue drop and a one-third profit decrease in Q1 2024, while Chinese manufacturers saw a 15% revenue and 66% profit increase, highlighting a growing competitive gap.

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What is the primary reason for the widening performance gap between German and Chinese automakers, and what are the immediate consequences?

German automakers experienced a 2.3% decrease in revenue during the first quarter of the year, with BMW and Mercedes showing significant declines, while their profits dropped by approximately one-third. In contrast, Chinese automakers saw a substantial 15% revenue increase and a remarkable 66% profit surge. This highlights a growing competitive disadvantage for German manufacturers.

welt.de

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Mar 30, 07:13

German Automakers Lag in 2024 Amidst Global Industry Growth

In 2024, German automakers (VW, BMW, Mercedes-Benz) underperformed globally, experiencing a 2.8% revenue drop compared to a 1.6% global increase, primarily due to weak sales, high electric mobility investment costs, internal issues, and increased price competition; US tariffs pose a further threat t...

German Automakers Lag in 2024 Amidst Global Industry Growth

In 2024, German automakers (VW, BMW, Mercedes-Benz) underperformed globally, experiencing a 2.8% revenue drop compared to a 1.6% global increase, primarily due to weak sales, high electric mobility investment costs, internal issues, and increased price competition; US tariffs pose a further threat t...

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How did the economic climate and global conflicts impact the pricing strategies and sales of German automakers?

The underperformance of German automakers stems from weak sales, high investments in electric mobility not yielding expected returns due to low demand, and internal issues like costly software failures, restructuring, and recalls. The shift from prioritizing high prices to competitive pricing due to economic conditions and global conflicts further exacerbated the situation.

forbes.com

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Feb 18, 16:10

Trump's Trade War with EU Threatens German Automakers

President Trump's efforts to reduce the roughly \$160 billion annual US trade deficit with the EU are triggering a major conflict over auto tariffs, with the US arguing that the EU's 20% VAT creates an unfair 30% effective tax on US imports, leading to potential retaliatory tariffs and factory reloc...

Trump's Trade War with EU Threatens German Automakers

President Trump's efforts to reduce the roughly \$160 billion annual US trade deficit with the EU are triggering a major conflict over auto tariffs, with the US arguing that the EU's 20% VAT creates an unfair 30% effective tax on US imports, leading to potential retaliatory tariffs and factory reloc...

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How do non-tariff barriers and the EU's VAT contribute to the ongoing trade dispute between the US and the EU?

This conflict stems from President Trump's broader belief that the EU employs unfair trade practices, including non-tariff barriers. The US argues that this necessitates reciprocal measures to protect its auto industry, which faces challenges due to the high effective tax on US imports into the EU. The German auto industry, a major player in US markets, is particularly vulnerable.

Showing 1 to 12 of 14 results