Why has German car production hit a 22-year low? - News Summed Up

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Why has German car production hit a 22-year low?


READ ALSO: Car sector weakness saps industrial jobs in Germany"The car industry faces a massive transformation," in 2020, industry expert Stefan Bratzel of the Center for Automotive Management said. "The fall in car production means Germany continues to lose significance in the global auto industry," said Ferdinand Dudenhöffer of the Center Automotive Research. "The EU's CO2 legislation is the most important reason" for the big changes set to sweep the car industry, analyst Bratzel said. Meanwhile electric motors require less manpower to assemble than their hydrocarbon-burning predecessors, threatening some of the roughly 800,000 car industry jobs in Germany. In a study published in December, Dudenhöffer forecast that German car production would begin growing again in 2021 after bottoming out this year.


Source: The Local January 06, 2020 15:33 UTC



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