Germany's automotive industry posted its weakest results compared to competitors in 2026.
Customs duties and tariffs, international conflicts, and technological problems are cited as reasons.
Oxu.Az reports that the news was released by Reuters based on a study prepared by Ernst & Young (EY).
EY automotive expert Konstantin Gall said that the German automotive industry is currently undergoing a deep structural transformation.
According to him, the main problems include weakening positions in key markets such as the US and China, costly overcapacity, high investments in software, and a slower-than-expected transition to electric vehicles.
According to EY's report, in the first quarter of 2026, revenues of the world's largest automotive groups increased by an average of 2%. During this period, Japanese and US companies showed the best results.
At the same time, the revenues of German automakers fell by 4%.
EY experts believe that the downturn in the German automotive industry may continue in the near future, and 2026 could be another crisis year for the sector.
