BusinessPostCorner.com
No Result
View All Result
Tuesday, June 3, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

German manufacturers warn of the sector’s ‘formidable crash’

November 18, 2024
in Business
Reading Time: 2 mins read
A A
0
German manufacturers warn of the sector’s ‘formidable crash’
ShareShareShareShareShare

Ms Beckhoff says that carmakers and the wider German manufacturing sector need to increase their competitiveness. “I really do think that productivity is something we have to take really seriously,” she says.

“The wealth we enjoy here in most parts of Germany and Europe, we can’t take it for granted.”

German manufacturers that require low-cost margins may struggle, says Mr Ley, but he believes there is hope for high-quality products with innovative features that rely on world-class engineering and intellectual property.

Dr Klaus Günter Deutsch, head of industrial and economic policy research at the Federation of German Industries (BDI), believes “much will depend on whether we are able to pull the innovation levels much faster, better and more consistently across Europe”.

There is no doubt that job losses and restructuring on their home soil will be a painful process for German manufacturers such as Volkswagen, and chemicals firm BASF, which has also warned of cuts.

However, Mr Beckhoff believes this reality check may be healthy in the longer term. “I think it is good for German industry that Volkswagen is running into some problems because it will increase motivation,” he says.

“It’s finally understood that we really have to do something. What is it that Winston Churchill said? Never waste a good crisis!”

Credit: Source link

ShareTweetSendPinShare
Previous Post

Major lenders reject homes with spray foam insulation

Next Post

Gold miner reaches $160mn settlement with Malian government

Next Post
Gold miner reaches 0mn settlement with Malian government

Gold miner reaches $160mn settlement with Malian government

RFK Jr.’s ‘MAHA report’ revealed to have cited studies that don’t exist, and misinterpreted others

RFK Jr.’s ‘MAHA report’ revealed to have cited studies that don’t exist, and misinterpreted others

May 29, 2025
Coinbase-Backed Symbiotic Launches ‘Relay’ for Trustless Multichain Staking and Consensus

Coinbase-Backed Symbiotic Launches ‘Relay’ for Trustless Multichain Staking and Consensus

June 3, 2025
In uncertain markets, it’s accountants who create stability

In uncertain markets, it’s accountants who create stability

May 29, 2025
Why night owls see faster rates of cognitive decline, according to new study

Why night owls see faster rates of cognitive decline, according to new study

May 30, 2025
In the blogs: Beautiful noise

In the blogs: Beautiful noise

May 27, 2025
Stocks flat after Trump says China ‘totally violated’ trade agreement with U.S.

Stocks flat after Trump says China ‘totally violated’ trade agreement with U.S.

May 30, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Lincolnshire baby banks report rapid rise in demand for services

Lincolnshire baby banks report rapid rise in demand for services

June 3, 2025
Arnold Schwarzenegger tells climate activists to ‘stop whining’ because they don’t have any support from the White House. ‘Sometimes problems need to be solved by the people’

Arnold Schwarzenegger tells climate activists to ‘stop whining’ because they don’t have any support from the White House. ‘Sometimes problems need to be solved by the people’

June 3, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!