Who would have thought a few years ago that the booming key sector of German industry, the automotive industry, could one day become the problem child of an entire nation. A look at the bare stock market data reveals the whole drama of over-regulation, union coercion and climate hype. The sector index is lagging behind the development of the overall market so clearly that one can guess what consequences this will have for the most important sector of the German economy. Reasonable representatives of German society would sound the alarm bells and fight with all their might against the vandal destruction caused by green socialist policies. It is socially irresponsible what is happening in Germany and it is being driven forward with brute force!
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42 sats \ 1 reply \ @NaOD 14 Jun
Still dont you think demand is high, i bet they will recover soon
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0 sats \ 0 replies \ @TomK OP 14 Jun
hope that for the people who are employed in these companies. millions of jobs are indirectly and directly dependent on them
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42 sats \ 0 replies \ @Coinsreporter 14 Jun
"Germany cars are the best". This notion is diminishing all around the world. In developing nations automotive companies are giving such good options in very reasonable prices that people are not looking outside their country.
Indian Car Maker TATA is such a big company now that it bought Jaguar and Land Rover and gave Indians many five star rated cars in much affordable prices.
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0 sats \ 0 replies \ @TomK OP 14 Jun
An EY study reveals a challenging first quarter for Germany's leading auto manufacturers, marked by a slight revenue dip and a significant 25% profit drop. This downturn places them behind many international competitors, highlighting an increasing headwind in the automotive sector.
Constantin M. Gall, Managing Partner and Head of Mobility at EY Europe West, remarks, "Der Gegenwind für die Autobranche nimmt zu." The impact is evident as German companies cede their top positions in profit margins. Kia now leads with a 13.1% margin, outpacing last year's leader Mercedes-Benz, which falls to 10.8%, just behind BMW at 11.1%.
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