Germany is not the sick man of
Europe yet but it could become so if it does not make the
structural changes required to modernise its economy, said
Marcel Fratzscher on Friday, president of the German.
German Autos Production Under Growing Threat From China usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Imports of Chinese vehicles and parts to Germany jumped 75% in the first half of the year while trade the other way slumped, showing the mounting pressure on Europe's biggest auto production hub. Several Chinese brands entered the German market this year, the German Economic Institute (IW) said in a report seen ahead of publication by Reuters, bringing the total to eight, though they still account for just 1.5% of vehicles sold in the country. Cars made in China by non-Chinese brands, such as the all-electric iX3 from Germany's BMW's, also contributed to the rise in imports.
Imports of Chinese vehicles
and parts to Germany jumped 75% in the first half of the year
while trade the other way slumped, showing the mounting pressure
on Europe s biggest auto production hub. .
Foreign direct investment in Germany slumped to 3.5 billion euros in the first half of this year from 34.1 billion in the same period in 2022, Bundesbank data shows..