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HikingMan · 51-55, M
*CHINA*
Which the U.S. just basically abdicated control of the battery world to is the basic problem.
The German auto industry is facing a crisis as it grapples with a perfect storm of challenges. The industry is experiencing a shift from traditional combustion engines to electric vehicles, where Germany lacks control over crucial battery technology. Additionally, the demand for electric vehicles in Europe is slumping, and sales in China have collapsed. The arrival of aggressive Chinese rivals on the continent has further complicated the situation.
The economic pressures are significant, with Germany entering its third consecutive year of recession. The auto industry's woes are not isolated; they are impacting the wider German economy, which has been struggling for some time. The industry's weight in the country's gross domestic product was 5% in 2023, and revenues reached 564 billion dollars in 2023, with 393 billion dollars coming from exports.
The Volkswagen automobile group is considering closing two plants in Germany, marking the first closure in 90 years of operation. This decision is a necessary measure to boost productivity, cut production costs, and improve operating margins. The negative effect of the auto market's problems on the entire European economy is clear, as the German economy went into negative territory in 2023, contracting at an annualized rate of 0,3%.
The German automotive industry's struggles reflect the broader economic challenges faced by Germany and the European Union. The industry's transformation is occurring at a rapid pace, with the need to adapt to new market demands and technological advancements. The fate of the German automotive industry is closely tied to the overall economic health of the country.
Which the U.S. just basically abdicated control of the battery world to is the basic problem.
The German auto industry is facing a crisis as it grapples with a perfect storm of challenges. The industry is experiencing a shift from traditional combustion engines to electric vehicles, where Germany lacks control over crucial battery technology. Additionally, the demand for electric vehicles in Europe is slumping, and sales in China have collapsed. The arrival of aggressive Chinese rivals on the continent has further complicated the situation.
The economic pressures are significant, with Germany entering its third consecutive year of recession. The auto industry's woes are not isolated; they are impacting the wider German economy, which has been struggling for some time. The industry's weight in the country's gross domestic product was 5% in 2023, and revenues reached 564 billion dollars in 2023, with 393 billion dollars coming from exports.
The Volkswagen automobile group is considering closing two plants in Germany, marking the first closure in 90 years of operation. This decision is a necessary measure to boost productivity, cut production costs, and improve operating margins. The negative effect of the auto market's problems on the entire European economy is clear, as the German economy went into negative territory in 2023, contracting at an annualized rate of 0,3%.
The German automotive industry's struggles reflect the broader economic challenges faced by Germany and the European Union. The industry's transformation is occurring at a rapid pace, with the need to adapt to new market demands and technological advancements. The fate of the German automotive industry is closely tied to the overall economic health of the country.
HikingMan · 51-55, M
The factors are multi-fold.
That's for sure.
But the true culprit is and remains that the US under Trump has pulled the rug out from under Western dominance of the renewables market, Thereby screwing over infrastructure projects globally that could have furthered Western dominance in this sector. A sector that might have given German auto markets a fighting chance of producing and manufacturing cars at a decent market rate that kept them viable on the world stage.
It's odd to me that people do not or simple refuse to see what Trumps rollback to fossil has done to the Western economic standing in the future of society.
Meanwhile, China has tripled down on the renewables market and has basically taken complete hold over all the rare earth minerals that are part of that.
Let's talk about it all in another 10 years, shall we ?
And then you can tell me how fucked up my views and thoughts are.
That's for sure.
But the true culprit is and remains that the US under Trump has pulled the rug out from under Western dominance of the renewables market, Thereby screwing over infrastructure projects globally that could have furthered Western dominance in this sector. A sector that might have given German auto markets a fighting chance of producing and manufacturing cars at a decent market rate that kept them viable on the world stage.
It's odd to me that people do not or simple refuse to see what Trumps rollback to fossil has done to the Western economic standing in the future of society.
Meanwhile, China has tripled down on the renewables market and has basically taken complete hold over all the rare earth minerals that are part of that.
Let's talk about it all in another 10 years, shall we ?
And then you can tell me how fucked up my views and thoughts are.
ron122 · 41-45, M
@ididntknow The pipeline was destroyed under the Biden administration.
HikingMan · 51-55, M
@ron122 The people in Europe, specifically Italy and Poland, are quite split on the cause, perpetrators of, and whether or not it was a good thing that Nord Stream was blown up.
It's also important to note that not one shred of anything points back to the US, it's economic desires, or Biden's influence as any part or parcel of the event.
You sir are now injecting false narrative and talking points as some type of strawman argument you have yet to fully state.
I now relent to your inherent bias, and your want to push some kind of agenda, and your overwhelming need to make this all about something it's not.
I relent and will comment no further.
It's also important to note that not one shred of anything points back to the US, it's economic desires, or Biden's influence as any part or parcel of the event.
You sir are now injecting false narrative and talking points as some type of strawman argument you have yet to fully state.
I now relent to your inherent bias, and your want to push some kind of agenda, and your overwhelming need to make this all about something it's not.
I relent and will comment no further.
HikingMan · 51-55, M
Also, please educate me on the ways and means of Natural Gas Supplies to Europe as a predictive factor to the production of motor vehicles that either run on petroleum-based products or electricity???
I don't do strawman fallacies, or erroneous, unintelligent argument.
I don't do strawman fallacies, or erroneous, unintelligent argument.
ididntknow · 56-60, M