German manufacturers warn of the sector's 'formidable crash'

Quick Summary:

Germany's troubled manufacturing firms say they are facing a number of significant problems.

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”.

But while political flip-flopping hasn’t helped German companies, many look to China as the key strain, especially on Germany’s carmakers, which have been hit by two problems.

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Article Details

Category: Business

Markets: United KingdomChinaGermanyPeruUkraine

Topics: China Says Crisis Government Companies Germany’s German Germany Manufacturing Years Beckhoff

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 00:02:48 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1104 words

Reading Time: 7 minutes read

Sentences: 41 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23643430

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Main Topics: Business

Official Website: bbc.co.uk

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Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 22 hours ago

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