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Daimler, BMW, Volkswagen: the wondrous comeback of the German auto industry

2021-05-03T14:17:57.713Z


The German auto industry is booming like seldom before, partly financed with tax money. In this podcast, mm editors discuss how and why the state could cut its subsidies.


Weren't German car manufacturers a thing of the past?

With their internal combustion engines, the sedate corporate structures and in view of the new attackers like Tesla from the USA or Nio and Baidu from China?

The latest figures from manufacturers such as BMW or Daimler for the first quarter claim the exact opposite: BMW sold a record 636,000 cars, and Daimler posted a net profit of 4.4 billion euros, also a record for a first quarter

How can this amazing comeback be explained?

And is this comeback primarily the result of government-funded purchase premiums for electric cars?

Or permanent and serious?

So what role can the German nuclear industry actually play when it comes to getting Europe's largest economy going again and leading it into the future?

In this podcast, mm editors-in-chief Sven Clausen and Martin Noé analyze and discuss this with long-time mm car expert Michael Freitag.

Source: spiegel

All news articles on 2021-05-03

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