Confidence among companies in Germany's automotive industry improved in April though they remained concerned about a lack of orders, a survey by the ifo institute showed Thursday.
Improved export prospects are lifting the mood in the German automotive industry, according to a monthly survey of industry executives by the ifo Institute for economic research. Ifo's monthly indicator, based on survey responses, rose in March to its highest level since last May, the institute reported on Wednesday. "The German automotive industry now seems to have finally emerged from the economic slump of the second half of 2023 and is looking to the future with more confidence," said ifo res
The entry of Chinese electric vehicle producers is stirring up discontent among EU producers, whose labored adoption of electrification has left them with an. 18.09.2023, Sputnik International
Germany s shrinking automotive sector and construction output are currently indicating that another contraction can be expected later this year, according to the nation s Federal Statistical Office (Destatis).