German auto giants lose ground ᐉ Новини от Fakti.bg - Business
Article excerpt
Sep 20, 2026 11:35 114 German carmakers Volkswagen, Mercedes-Benz and BMW continue to lose ground to their international competitors. Their total revenue in the first half of 2026 decreased by 2.9% to around EUR 284 billion, according to an analysis by consulting company EY. For comparison, the total revenue of the 19 analyzed automotive concerns in the world increased by 3.6% to nearly EUR 1.05 trillion This is the third consecutive decline in revenue for German manufacturers in the first half of the year. Of the 19 companies in the analysis, 15 increased their turnover, while the German groups occupy 16th, 17th and 19th place in terms of growth rate. Tesla, Suzuki and China's Geely reported the strongest growth. The decline in profits is even more serious. The combined operating profit before interest and taxes (EBIT) of Volkswagen, Mercedes-Benz and BMW decreased by 19% to EUR 13 billion - the lowest level since the pandemic 2020. At the same time, the combined profit of all manufacturers considered increased by 11.4% to EUR 43.7 billion. Among the main reasons, EY cites high production costs in Germany, energy prices, administrative burden and lower productivity relative to labor costs. According to EY automotive expert Konstantin Gall, the high share of production in Germany, long considered a symbol of quality and competitive advantage, is increasingly becoming a...
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Volkswagen, Mercedes-Benz, BMW and major suppliers such as Bosch, ZF, Mahle and Aumovio are planning cuts affecting tens of thousands of jobs.
