Germany's automotive industry is sounding the alarm over its uncertain future amid the transition to electromobility. Major suppliers like Bosch and Continental, alongside the IG Metall union, have urged Chancellor Scholz for more robust support.
Since 2019, the sector has seen the loss of nearly 50,000 jobs. To navigate these turbulent times, suppliers call for tax relief, expanded charging infrastructure, and technological openness.
Challenges from Chinese competitors, financial strains, and sluggish market uptake threaten their viability. Voit Automotive's recent insolvency highlights the industry's vulnerability, exacerbated by the decline in demand for electric vehicles.
Furthermore, the German steel industry, integral to automotive production, grapples with high CO₂ emissions and cheap Asian imports. Saarstahl's CEO advocates for protective measures and lower energy costs to maintain competitiveness.
As Germany strives to meet ambitious CO₂ fleet limits, the government faces mounting pressure to act decisively to secure the future of its automotive and steel sectors.
