Overview

• A study by EY reveals that the German auto industry shed approximately 19,000 jobs in 2024, reducing total employment to 761,000 workers.
• Key challenges include weak demand, high costs, and the dual production of combustion and electric vehicles, which have strained profitability.
• Investments in electric mobility have yet to yield expected market successes, while the declining Chinese market has added further pressure.
• Experts predict more significant job cuts in the coming years, with potential shifts in production to the U.S. or China accelerating the trend.
• Major manufacturers and suppliers, including Mercedes-Benz, VW, and Bosch, have announced cost-cutting measures and workforce reductions.