⚡️German auto industry V S E
In the last quarter, the companies reported record losses:
🟠Profit Volkswagen decreased by 64%;
🟠Profit Audi decreased by 91%;
🟠Profit BMW fell on 84%;
🟠Profit Mercedes decreased by 54%.
The key reasons are increased competition from Chinese market, decreased demand And frequent production problems (For example, BMW had to recall 1.5 million cars due to brake system faults).
Experts predict price reduction on the main models to remain competitive, as well as possible deterioration in product quality.
Scholz. 3 years. Results.
