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German car industry starts new year with self-confidence

The world automotive market is growing, although having a subdued economy. According to the German Automotive Industry most of the employees of the car industry do not have to be worried about their job situation. Despite the fact that there have been drastic declines of selling cars in Western Europe (mainly because of the weak demand of France, Spain and Italy) the situation on the job market in Germany is stable compared to other western European countries. Experts suspect that the worldwide sales of all manufacturers will edge up to 5% in the United States and 6% in China, which are the two main countries who are responsible for the assumption that the car industry will still be growing the coming years. Especially German corporations with their cars in the premium segment as well as some popular small cars will benefit from that.

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Christian