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German auto industry doubles down on Africa | Business| Economy and finance news from a German perspective | DW


German, African carmakers to boost cooperation
 
German-African auto partnership
The German Association of the Automotive Industry (VDA) has joined hands with AAAM, the Association of African Automotive Manufacturers, hoping to improve those stats.
Every large market started out small and that s why it s important to adapt to market conditions early on, to be present at an early stage, VDA s Kurt-Christian Scheel told DW. Africa is a continent with very good growth prospects, with a potential that is still very little tapped.
China offers a promising precedent. When VW entered the Chinese market in the 1980s, very few people owned cars in the Asian country. Today, China accounts for nearly 40% of VW s global sales.  ....

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German auto industry doubles down on Africa


German auto industry doubles down on Africa
dw.com
1/7/2021
Ashutosh Pandey, Insa Wrede
The continent is witnessing rapid urbanization and rising economic levels, prompting experts to dub it the final frontier for global carmakers. The German auto industry is switching gears with billions at stake.
© DW/S. Schlindwein
German carmaker Volkswagen is boosting presence in fledgling African car markets like Rwanda and Ghana
In August last year just when the global auto industry was beginning to spot green shoots of recovery following the worst carnage caused by the coronavirus German carmaker Volkswagen unveiled its first vehicle assembled in Ghana, a Tiguan SUV, in the presence of Ghanaian President Nana Addo Dankwa Akufo-Addo. ....

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