Germany can’t afford to lose hundreds of billions in revenue from canceled car orders from China!

Hello and welcome to Technical Information!In today’s video, we explore the challenges faced by German automakers as they grapple with significant revenue losses due to a decline in Chinese car orders. The 2023 Munich International Auto Show, held from September 5th to 10th, is renowned as one of the world’s premier automotive exhibitions, historically spotlighting the prowess of the German automotive industry. However, this year’s Munich Auto Show has garnered a less flattering reputation, with observers and media alike dubbing it the “least German“ of all auto shows. This designation underscores the formidable obstacles currently confronting the German automotive sector. Since the onset of the Munich Auto Show, German media has been unreservedly critical of their domestic car manufacturers. They’ve described the waning influence of German carmakers as a “reduction in exhibition space,“ compared their transformation pace to a “sluggish“ crawl, and painted the industry as being “under immense pressure.“