German car makers plan for further jobs losses
Thursday 26 August 1993
'Only in this way will we be successful in regaining a competitive advantage over foreign rivals,' Erika Emmerich, the VDA president, said.
Amid dismal sales and output figures, the association said it saw the first faint hints that the worst was over for its members. While domestic new orders continued to stagnate, there was a weak pick-up in export demand. The VDA said it hoped output would rise next year by as much as 5-6 per cent from 1993. But recovery would be slow and risked being hampered by the government's planned fuel tax increase at the beginning of 1994.
In the first seven months of this year, car production was 26 per cent down on the same period last year, and the VDA forecast that domestic car sales in 1993 would drop to 3 million units from last year's 3.9 million.
The association drew attention to what it called the silent exodus of production from Germany. Under massive cost pressures, 65 per cent of all component suppliers are planning to shift some production abroad.
'Drastic action is needed to save this vital sector of German manufacturing industry,' it said.
Mercedes-Benz and BMW have announced plans to start production in the US, while Volkswagen intends to expand into China.
New essay by JK Rowling went live on Pottermore site on Friday
Top Gear presenter is no stranger to foot-in-mouth controversy
New UK station Russia Today gives a very bizarre view of Britain
- 1 Canadian actor punched in face after 'Islamophobia' experiment goes wrong in wake of Ottawa shooting
- 2 Topshop at centre of row over body image as 'shocking' skinny mannequin photo goes viral
- 3 Top Gear presenter Jeremy Clarkson criticised for beer tweet
- 4 Woman blinded as a child can see again after hitting her head on a coffee table
- 5 The bubble bursts for Sodastream
Pope Francis declares evolution and Big Bang theory are real and God is not 'a magician with a magic wand'
Huge surge in Ukip support after EU funding row, according to new poll
Ukip ‘exploiting grooming scandal’ to secure party’s first police chief
Nigel Farage: 'There’s nothing wrong with white people blacking up'
Maureen Lipman says 'she can't vote Labour while Ed Miliband is leader'
Muslims, immigration and teenage pregnancy: British people are ignorant about almost everything
iJobs Money & Business
£18000 - £23000 per annum + Comission: SThree: SThree, International Recruitme...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...
£20000 - £23250 Per Annum pro rata: Clearwater People Solutions Ltd: Pro rata ...
£40 - 48k + Benefits: Guru Careers: We are seeking a Marketing Manager to join...