Auto Makers in Germany Plan $2.86 Billion Project Starts Over the Next 12 Months

Researched by Industrial Info Resources (Sugar Land, Texas)--The situation is precarious for $2.86 billion worth of projects at automotive manufacturing plants in Germany. Hampered by bottlenecks in the semiconductor supply, Germany's automotive production fell 12.1% at the start of this year, according to the nation's Federal Ministry of Economic Affairs and Energy. New car sales in Germany posted the worst first-quarter performance since national reunification in 1990 due to the impact of COVID-19, according to the VDIK car importers' federation. However, the situation is improving as new car sells are up over the last three months in Europe. Improvement is expected to continue as supply chains are secured, vaccination rates increase and demand resumes.

Industrial Info is tracking 26 automotive projects in Germany, worth $2.86 billion, that are planned to kick off construction during the next 12 months. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list of detailed reports.

Click on the image at right for a graph showing the project activity by standard industrial classification (SIC) code.

This comes at a time when Germany's auto makers are retooling plants to make electric vehicles. Automotive manufacturers continue to monitor the situation closely and adjust capital spending accordingly.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.