LeadStory

DW News

Why German carmakers are stuggling amid industry transformation

DW News · 1 month ago
DW News
DW News
1 month ago

Germany auto giants have seen profits and market share tumble, as critics argue they’ve been too slow to embrace electric vehicles and digital transformation. Here's a look at what they are premiering at the IAA.

Breakdown
  • German carmakers are investing heavily in new electric and hybrid models. 21s
  • Mercedes reported a nearly 60% drop in earnings in the first half of the year. 11s
  • German manufacturers face high production costs and lag behind in the Chinese market. 1m 12s
  • Industry experts warn of potential job losses, with up to 200,000 positions at risk. 1m 49s
  • Internal combustion engines are expected to remain important in some regions. 2m 9s
BusinessCars & Motoring