Car manufacturers and suppliers facing a challenging fiscal year

car production

The order books of the car manufacturers, which are well filled as a result of the lack of chips, will be processed in 2023.

(Photo: Imago)

Dusseldorf, Stuttgart Again Covid, again in China. The new year could hardly have started better for the auto industry. The lifting of almost all corona restrictions is paralyzing the economy and public life in the People’s Republic – and thus the most important sales market for German car manufacturers.

The out-of-control situation remains a significant risk for German corporations. BMW, Mercedes and Volkswagen generate around a third of their sales in China. Important components and raw materials also come from there.

Economic wise Ulrike Malmendier is therefore concerned about the current situation in the world’s second largest economy. “Supply chains will collapse again. That should drive up the prices for raw materials and intermediate products enormously again,” she recently said in the Handelsblatt.

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