Car Crashes Compilation # 50-2015 NEW - CCC :)
For years, the best vehicles for promoting Germany Inc. Were world class luxury cars, the country produces Brilliant cars Audi, BMW and Mercedes-Benz are like mobile billboards excellence, New York Moscow Buenos Aires to Shanghai.
But as the global financial crisis begins to take its toll on the real economy, the machine export of Germany hit a wall German exports fell 2 5 August, the biggest drop since 2003, as consumers and businesses around the world canceled orders for everything from high-end industrial equipment to chemicals.
The automotive industry, yet largest employer, is the most affected The high gas prices in the key markets of Germany, such as the US have slowed sales month Some consumers have been waiting for more models fuel-efficient, while many others now are delaying new purchases because of uncertainty about their jobs thanks to the credit crisis, even people who want to buy are looking for funding has dried up.
All that spells trouble for the people of BMW, Mercedes Benz, Porsche, Volkswagen, Ford Europe and General Motors Europe arm, Opel Ferdinand Dudenhoffer, respected industry analyst, expects the number of new German cars delivered to customers in 2008 will fall at least 100,000 units to about 3 1 million, and probably will slip to less than three million next year as a result, he said, German carmakers will have to cut up to 20,000 jobs over the year to come up.
German manufacturers are already reducing their production on October 13, the workers of Opel in the German city of Eisenach will stay home for three weeks that GM Europe is trying to adjust to the lower demand for its Opel cars was one of the first Western companies to set up shop in Eisenach after the fall of the Wall in 1989, the plant, which employs about 1800 people, now produces the popular GM Corsa model for export to Europe and -delà the population of the city has also become 40,000 from suppliers such as Bosch components manufacturer, machine maintenance firm Hormann, and Lear, which makes seats for the Corsa Opel Eisenach lives, says Uwe Laubach, head of the local branch of the IG Metall union.
BMW also struggling with the crisis, particularly the massive decline in car rental contracts in the US He said its Leipzig plant will close for a week later this month and its plant in Regensburg close from 3 to November 7 at the fall of Bavaria Vacation union officials say the main plant of the company in Munich may also close for a few days Ford plans to cut production at its Saarlouis plant in southwest Germany and says he is laying off 204 part-time workers Mercedes parent Daimler announced earlier this year because of demand slower, it would slow down production in 2008 and send workers home for Christmas on December 17, days ahead of habit.
Speaking at the Paris Motor Show earlier this month, Carl-Peter Forster, president of GM Europe, said that decreased rapidly across Europe car sales and the price of gas had made the prohibitive cost of ownership of car to own and operate a car in Germany now costs 25 5 plus it did in 2000, he said, while the rise in consumer prices was June 15 Forster believes that automakers need help from European capitals to reverse the situation, he wants European governments to stimulate the economy, free credit and restore consumer confidence.
Some union leaders say the problems are actually self and have little to do with the financial crisis They say the company executives have misjudged the market and want to wage increases above the inflation rate in Germany to give families enough money to buy cars and other products and thus stimulate the economy.
But the current crisis is much more likely to accelerate the structural changes taking place in the automotive industry in Western Europe in the coming years, German carmakers are likely to move more production in the country and closer to their customers in Russia, the US and Asia assumption is that they still have a growing customer base in these places.
Crashes German automotive industry, germany, industry.