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38m ago

German Auto Suppliers Plan Job Cuts and Pull Back Investment as Tariffs Weigh, VDA Survey Finds

The industry lobby demands swift government-EU measures to protect competitiveness.

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Die schwierige wirtschaftliche Lage macht der Autoindustrie zunehmend zu schaffen - auch den zahlreichen mittelständischen Betrieben der Branche. Die Investitionstätigkeit im automobilen Mittelstand sei "zunehmend gefährdet", warnt der VDA.

Overview

  • Nearly half of surveyed suppliers rated their current situation as poor or very poor in the latest VDA poll.
  • More than 60 percent said they plan to cut jobs, reflecting pressure on costs and weakening demand.
  • Around 80 percent intend to delay, relocate abroad, or cancel planned investments, with few planning increases.
  • A majority reported being moderately or strongly affected by US tariffs on industrial products, elevating trade policy risks.
  • Only one in five expects conditions to improve, while nearly 60 percent foresee no change and 18 percent anticipate deterioration, based on responses from 158 firms surveyed September 1–22.