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Automakers key to German economy

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Automakers key to German economy

With Volkswagen, BMW and Daimler AG all making major contributions, the success of the German auto industry continues to bolster that country’s economy, which is widely regarded as the strongest in Europe and one of the strongest in the world.

Despite the pressure for profits and the recession in Europe, the Volkswagen Group alone managed to add 11,000 new jobs in Germany during 2013.

“Volkswagen continues to be successful. Our cars make customers enthusiastic and this success is also reflected by employment,” noted Horst Neumann, member of the Board of Management of Volkswagen Aktiengesellschaft responsible for Human Resources. “The number of employees has grown strongly over the past six years. At the same time, we have also significantly improved our productivity and earnings.”

Daimler AG and BMW also have made major investment and added jobs in Germany over the past year. Mercedes-Benz has invested 1.2 million Euros in the Rastatt plant to expand compact car production and another 1 billion Euros will be invested into the Mercedes-Benz plant in Bremen, to handle the expected demand for the new C-Class.

Meanwhile, BMW invested 400 million euros in new buildings and machinery for the production of maker’s i model line-up. It also created 800 new jobs in Leipzig. The production network for BMW i also sees key components for the BMW i3 manufactured at BMW Group plants and joint venture facilities at Moses Lake in the United States and Wackersdorf, Landshut and Dingolfing in Germany. The company has invested a total of around 600 million euros in the BMW i production network and generated more than 1,500 jobs. As part of the electric vehicle program, BMW has also become the first company to make carbon-fiber-reinforced plastic body panels on a large, industrial scale.

by Aurel Niculescu (my Google+) - Friday, January 3rd, 2014 - filed under BMW, Industry, Mercedes-Benz, News, Volkswagen. Image credit: .
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