ou hear it everywhere in the corridors of automotive suppliers: the buzzwords are the same, only the order might change slightly depending on their strategic relevance.
That’s right – we’re talking about overcapacity, import tariffs, job cuts, and business model diversification.
The number of people employed in Germany’s automotive supplier industry is declining sharply. According to current figures, the industry employs 267,000 people, i.e., 14% fewer than in 2019. The employment figures in the supplier industry thus vividly illustrate the situation facing Germany as an automotive nation. Whereas 4.9 million vehicles were still made in Germany in 2019, the figure had fallen to just 4.2 million by 2024 – a downturn of 14% – and there’s no sign of a turnaround in the foreseeable future.
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