automotive industry in germany 2014

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The Automotive Industryin Germany

Issue 2012/2013

I n d u s t r y O v e r v i e w



The Automotive Industry in Germany

A Century and More ofAutomotive Excellence

Last year marked the 125th anniver-sary of the bir th of the automobilein Germany. On January 29, 1886,Karl Benz registered his “vehiclepowered by a gas engine.” The re-sulting patent issued is generallyconsidered to be the birth certificate

of the automobile as we know it.

Also the home of the world’s firstfour-stroke internal combustion en-gine, Germany continues to occupy aunique position in the internationalautomotive industry. German OEMsaccount for 17 percent of global pas-senger car production.

Domestically, the automotive in-dustry remains the country’s mostimportant economic sector – andEurope’s single largest auto market.Germany also hosts the largest con-centration of OEM plants in Europe.Annual EUR 19.6 billion commit-ment to automotive research anddevelopment (R&D) is reflected inthe creation of new environmentallyfriendly technologies: conventional

drive technologies are being

optimized and new modes of drivingdeveloped. Around ten new patentsare registered each day; makingGermany the most innovative autonation in the world.

Ireland

UK

Russia

FinlandSweden

Norway

France

Spain

Portugal

Italy

Poland

GERMANY

Malta

Greece

Denmark

Czech Republic

Austria

SwitzerlandRomania

Netherlands

Belarus

Ukraine

Turkey

Serbia

Bulgaria

Lithuania

Latvia

Estonia

Bosnia-Herzegovina

SlovakRepublic

Hungary

RU

Moldova

Macedonia

Albania

Croatia

Slovenia

Montenegro

Dublin

London

Lisbon

Madrid

Paris

Luxembourg

Berlin

Belgium

Brussels

Amsterdam

Copenhagen

Oslo

Stockholm

Helsinki

Moscow

Minsk

Tallin

Riga

Vilnius

Warsaw

Kiew

Chisinau

Bucharest

Sofia

Athens

Tirana

Skopje

Belgrade

Rome

Valletta

Bern

Sarajevo

ZagrebLjubljana

Vienna

Budapest

Bratislava

Prague

Podgorica

< 1 2 h

< 2 4

h b y t r

u c k

15 h > 30 h by train >

1 ,

5 h >

3 h b

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>

KosovoPristina



4 Industry Overview 2012

The German AutoIndustry – Emergingfrom the Crisis

In 2009, global economic productionfell for the first time in six decades.Global demand for cars fell by fourpercent, with commercial vehicleshit harder still; recording a nine per-cent drop in international production.

Germany, like most industrializednations, did not go untouched bythe worst international financialcrisis in modern times. The Germaneconomy has nevertheless provenparticularly robust in the face of theturbulence that has hit demand andtrade across the globe.

As Germany’s key industry, theautomotive sector in particular

has shown the way out of the inter-national recession. Moreover, therecovery has led to solid growth inthe aftermath of the global financialcrisis. In 2011 the German automo-tive industry further affirmed itsposition as the mainspring for theGerman national economy.

Around one fifth of total sales fromthe overall manufacturing sectoroccur in the automotive sector. Dur-ing the mid-nineties this share was

around 13 percent. As such, the au-tomotive sector is the most impor-tant economic sector in Germany.

The domestic passenger car andlight commercial vehicle marketreached record highs in 2011. Com-bined export and domestic salesin 2011 reached EUR 274 billion (10percent increase on the previousyear). This is equivalent to an eightpercent increase on 2007 levels –further proof that the industry

has significantly exceed pre-crisissales levels.

The sharp decline in foreign busi-ness activity experienced directlyafter the financial crisis of 2008 hasbeen wholly compensated in 2010.

This turnaround was further con-solidated in 2011 with an increaseof 11 percent.

E-Mobility

Renewed Domestic and

International Market Demand

Domestic and international marketpotential for energy efficient pas-senger cars is huge. The globalmarket is expected to grow by 29

percent annually through 2020. In-creased demand in Asian marketsin particular has provided an induce-ment to German automotive exportand production levels. In 2011, theGerman auto industry exported ve-hicles worth EUR 194 billion.

The German industry has alreadymade the necessary investmentdecisions for future electromobilitydevelopment. During the whole pre-market phase, EUR 17 billion will be

invested in electromobility R&D.

This represents a significant contri-bution to achieving the strived-forlead market and provider positionwithin the segment until the year

2020. This goal is achievable as partof a three-stage process:

1. Market preparation phase to2013 – R&D and showcase projectfocus

2. Market ramp-up phase to 2017 –energy-efficient vehicle and infra-structure market development focus

3. Mass market phase to 2020 –sustainable business model focus

Source: VDA 2011

German Passenger Vehicle Exports by Region 2011

Spain 6%

Eastern Europe 7%

America 15%

Asia 14%

Rest of the World 3%

UK 17%

Western Europe (other) 11%

Benelux 7%

France 9%

Italy 11%



Industry Overview 2012 www.gtai.com 5

The Most AttractiveBusiness Locationin Europe

According to the A.T. Kearney For-eign Direct Investment ConfidenceIndex 2012, Germany is the mostattractive FDI destination in Europe.Internationally participating busi-ness executives also conclude that

ongoing investment in sustainablebusiness is an absolute imperativefor successful market competitionand shareholder satisfaction. TheUNCTAD World Investment Report2011 confirms Germany’s reputationas one of the most attractive busi-ness locations in continental Europe.Ernst & Young finds Germany to bethe most attractive investment loca-tion in Europe in 2012 with its Stand-ort Deutschland 2012 - Der Fels in

der Brandung? (A pillar of strengthin troubled times?) internationalmanager study. American interviewpartners also singled out GermanR&D – and partnerships with Ger-man universities and research cen-ters – for specific praise. GermanR&D excellence is held in such highesteem that a number of US com-panies have established their ownresearch centers here – many ofthem with global reach.

The World’s Most CompetitiveAuto Location

Within the context of the interna-tional economic downturn, theGerman automotive industry hasdone remarkably well. Accordingto Ernst & Young’s European Auto-motive Survey 2011 of senior auto-mobile manufacturer and supplierdecision makers, Germany is theworld’s most competitive automobileproduction location. In Europeancomparison, Germany has used the

global downturn to build on its leadas an investment location.

Most Attractive FDI Destinations in Europe

According to Corporate Executives

Country European Rank International Rank

Germany 1 5

United Kingdom 2 8

France 3 17

Poland 4 23

Spain 5 24

Netherlands 6 25

Source: A.T. Kearney Foreign Direct Investment Confidence Index 2012

Source: Ernst & Young European Automotive Survey 2011

How do you asses the current competitiveness of the following

automobile locations regarding productivity?

Germany

JapanChina

France

USA

South Korea

India

UK

Sweden

Spain

Italy

Russia

Poland

Czech Rep.

Turkey

Brazil

Hungary

Slovakia

3730

4019

3517

3516

3315

3010

2810

329

319

356

305

285

255

295

244

274

very competitive rather competitive

Percentage results

264

283



Automotive Trends

The Changing Market –

OEMs in Transformation

Conventional notions of the roleof the traditional OEM within theautomotive industry value chain areslowly but surely being consignedto the past. The classic OEM busi-ness model – with its dependenceon turnover generated from new

vehicle sales – is undergoing a majorparadigm shift as value creation re-turns continue to fall. Not only is themodern driver more discerning in hisor her auto-purchasing behavior, butheightened buyer expectations havecreated a market in which there is acar for every consumer. As a result,OEMs have found themselves caughtup in a “crowding-out” cycle whereever more and better technologicalfeatures are required to stay ahead of

a congested international market.

Moreover, technological advances,historically the sole preserve of theauto manufacturer, are increas-ingly taking place on the side ofthe supplier. OEMs are accordinglydifferentiating themselves in termsof brand reputation and service. TheZukunft in Bewegung (The Futurein Movement) study conducted byPricewaterhouseCoopers concludesthat strengthened focus on brand

management and market leadershipare vital to market differentiation anda way to bind car buyers to meaning-ful long-term brand relationships.

New business models which encom-pass everything from enhanced ser-vices to leasing and mobility serviceprovision are taking root and provi-ding new market opportunities asOEMs seek to reinvent themselvesin a changing mobile market. Signifi-cant potential exists for OEMs and

suppliers to engage with the follow-ing auto market trends.


Smaller Vehicles Make

the Running

Demand for smaller and moreenergy-efficient small and mid-range passenger vehicles is grow-ing. In Germany alone, demand inthe small car segment has grownsignificantly. Increased demand forsmaller vehicles helped Germany

maintain its western European pas-senger car market leader position.

The environment subsidy intro-duced in the year 2009 has fa-cilitated a shift toward small andcompact vehicles. In a recent sur-vey of German drivers conductedby PricewaterhouseCoopers, 15percent and 22 percent of Ger-man luxury class and SUV driversrespectively indicate a preferenceto buy a smaller vehicle when next

purchasing a vehicle. A furtherdecisive factor driving demand forsmall vehicles is energy efficiency.Fuel consumption and greenhousegas emission levels play a pivotalrole in auto purchasing behavior.

Changing Premium Segment

In the past, the type of car ownedspoke volumes about its owner andhis or her position in society. Today,cars are no longer the simple indi-cator of wealth and status that theyonce were. Societal trends in west-ern societies including “downshift-ing” and increased environmental

awareness are being reflected innew car ownership patterns. In thepremium segment, “exclusivity” and“high performance” are giving wayto sustainable and urban mobilityas selling points.

However, according to Pricewater-houseCoopers, the market prognosisfor the premium segment remainsbuoyant: European premium autoproduction is forecast to rise fromthe 2010 level of 3.6 to 4.8 million

autos by 2015. However, the type ofpremium car being manufacturedis changing, with a move away fromthe midmarket premium segmentto luxury and small-premium seg-ments. Conversely, in countrieslike India, Russia, and most pre-dominantly, China, PricewaterhouseCoopers confirms that rising afflu-ence is creating new sales oppor-tunities for upper and luxury classvehicles.

OEM Future Success Parameters

Source: PricewaterhouseCoopers 2009

Designdifferentiation

Networkmanagement

Brand and servicepositioning

Strategic vehicleparts manufacture

Successparameters OEM




Efficiency and Alternative

Drive Systems

In Germany, automotive engineersare hard at work improving internalcombustion engine energy efficiency,developing alternative drive techno-logies (including electric, hybrid, andfuel cell cars), and adapting light-weight materials and electronics.Carbon emission reduction targets,smart traffic management, and

the government’s electric mobilityinitiative (see “Electromobility – TheNational Electromobility Develop-ment Plan”) are major drivers forfuture mobility growth. According toMcKinsey, the overall market valuefor new vehicles with optimizedcombustion engines is set to reachbetween EUR 280 and EUR 330billion by 2020. Impressive develop-ments have already been made indeveloping smaller, highly charged“homogenous combustion” engines

and dual clutch transmissions(DCTs). Driven in part by a customerbase purchasing according to newcriteria, demand for alternative drivesystems is the result of increased

environmental awareness, risinggas prices, and more rigorous CO

2

limits for new vehicles. Overall mar-ket potential for efficient drive sys-tems is worth between EUR 325and EUR 500 billion.

CO2 Emissions – The Changing

Regulatory Framework

Increased awareness of the need toreduce harmful emissions into the

environment is seeing government’sworldwide act to regulate permis-sible vehicle pollution levels. WithinEurope, the European Union (EU)has submitted far-reaching propos-als to significantly reduce passengervehicle CO

2 emission levels by 2020.

Fuel consumption and CO2 emission

levels of all European-manufacturedpassenger vehicles are to be reducedto 130g/km of CO

2 through drive train-

related measures.

An additional reduction of 10g/kmof CO

2 has to be achieved through

biofuels and “complementarymeasures”– including micro-hybrid

implementation in the vehicle archi-tecture; gear change timing gauges,efficient air-conditioning systems,and tire inflation control systems –so that a set target of 120g/km ofCO

2 is realized by 2012. By 2020,

vehicles must comply with a valueof 95g/km of CO

2.1 Suppliers of CO

2

emission-reducing technologies –which help manufacturers keep ve-hicles both affordable and appeal-

ing to the end customer – are find-ing unique business opportunitiesin Germany.

Meeting the Environmental

Challenge

Germany has set itself the ambitioustarget of achieving a 34 million-tonreduction in CO

2 emissions by 2020.

German-based car manufacturershave been quick to respond to thechallenge. According to the GermanAssociation of the Automotive Indus-

try (VDA), more than 260 passengercar models produced in Germanyalready meet or are below the 130g/km of CO

2 target.

Moreover, in six out of ten segments,passenger vehicles manufactured inGermany have the lowest CO

2 emis-

sion and fuel consumption levels. Inthe remaining four segments, Ger-man vehicles performed above av-erage in comparison. The proposedeconomic sanctions leveled by theEU Commission for failure to complywith the 120g/km of CO

2 target are

equivalent to EUR 0.95 per g/km ofCO

2. To that end, increased demand

for better-performing passengervehicles is as much of an imperativefor the industry as it is a wish ofthe modern driver.

1 The modalities for reaching this target and theaspects of its implementation including the excessemissions premium will have to be defined in anEU Commission review to be completed no later

than the beginning of 2013.(source: www.ec.europa.eu)




Auto IndustryValue Chain

No other country in Europe can boasta comparable concentration of auto-related R&D, design, supply, manu-facturing, and assembly facilities.Accordingly, no other country in Euro-pe provides the same market oppor-tunities as those offered by the Ger-

man auto industry.

The auto industry in Germany thrivesas a result of the diversity of compa-nies active in the sector: large andmedium-sized auto manufacturersalike are to be found in Germany, asare system and module suppliers,not to mention numerous small andmedium-sized tier 2 and 3 suppliers.In fact, around 85 percent of auto in-dustry suppliers are medium-sizedcompanies. All of these suppliers

provide up to 70 percent of valueadded within the domestic auto sec-tor – ensuring that the German autoindustry remains at the forefront ofthe competition.

Value added is moving to the supplierside, and increasingly also to non-auto industry sectors (e.g. thechemical industry in electromobility).Not unsurprisingly, internationalsuppliers are increasingly attractedto Germany as a business location.To date, the world’s ten largest non-German auto industry suppliers havesuccessfully established operationsin Germany.

World Innovation Leader

Complete industry value chain pre-sence ensures that new and innova-tive products are made to the highestpossible technological standards.

The facts speak for themselves:

With an average of 10 patentsregistered per day, Germany isthe world leader in auto industrypatents. Around half of thesepatents are related to environ-

mentally friendly technologies.

Companies based in Germanyregistered the most patents atthe European Patent Office forthe period 2007-2010.

With around 13,000 patents gran-ted at the European Patent Officein 2010, Germany‘s share is abouttwice as large as that of Franceand the UK combined.

Rank 2011 Company Country Turnover in

USD billion

1 Bosch Germany 37.2

2 Denso Japan 35.0

3 Continental Germany 32.6

4 Bridgestone Japan 27.0

5 Aisin Seiki Japan 24.7

6 Magna Canada 24.1

7 Michelin France 23.2

8 Johnson Controls USA 21.5

9 Goodyear USA 18.8

10 Faurecia France 18.2

11 ZF Group Germany 15.0

12 TRW Automotive USA 14.3

13 Delphi USA 13.8

14 ThyssenKrupp Germany 13.0

15 Valeo France 12.7

The Largest Auto Industry Suppliers

Source: Automobilproduktion, July 2011

Germany is also the leading Euro-pean nation in triadic patents (pa-tents registered at the three majorglobal patent offices: the EuropeanPatent Office, the United StatesPatent and Trademark Office, andthe Japan Patent Office).




Investment Climate

Location Factors

World Class People

Germany’s world-class educationsystem ensures that the higheststandards are always met. Eighty-four percent of the German popu-lation have been trained to universityentrance level or possess a recog-nized vocational qualification – abovethe OECD average of 67 percent.

Over 30 percent of German universitygraduates have a natural sciencesor engineering degree background.

The mechatronics and automotiveengineering disciplines have recor-ded remarkable growth levels, wit-nessing a 121 percent leap in studentnumbers in the past decade alone.The comparatively new mechatro-nics interdisciplinary program canalso boast more than 11,000 students.

The auto industry is the most popu-lar career path among engineers,with manufacturers and componentsuppliers among the preferred em-ployers. The steady flow of mecha-nical engineers graduating fromapproximately 100 universities andcolleges helps to ensure the conti-nuity of German engineering excel-lence – a guarantor for the sector’senduring success.

Competitive Labor Market

High productivity rates and steadywage levels make Germany an at-tractive investment location. Laborcost increases have been the lowestin Europe in recent years, with a mo-dest annual increase rate of 1.6 per-cent. German productivity rates arealmost ten percent greater than theaverage of the EU’s 15 core nationaleconomies and almost one quarterhigher than the OECD average.

Highly flexible working practicessuch as fixed-term contracts, shiftsystems, and 24/7 operating permitscontribute to enhance Germany’sinternational competitiveness asa suitable investment location forinternationally active businesses.

Competitive Infrastructure

and Logistics Edge

Germany’s infrastructure excel-lence is confirmed by internationalstudies. For example, the 2011-2012Global Competitiveness Report ofthe WEF ranked Germany secondin global comparison for infrastruc-ture; singling out the country’s ex-tensive and efficient infrastructurefor highly efficient transportationof goods for special praise.

Competitive Tax System

Germany offers a competitive taxsystem providing attractive tax ratesfor companies. In recent years, theGerman government has implemen-ted root and branch reforms of thetax system to make the country amore attractive business location.The German tax system allows fordiffering tax rates in German muni-

cipalities. On average, corporatecompanies face an overall tax bur-den of less than 30 percent. Signifi-cantly lower tax rates are availablein certain German municipalities –up to eight percent less. The overalltax burden can therefore be as lowas 22.83 percent. This makes Ger-many’s corporate tax system oneof the most competitive tax systemsamong the major industrializedcountries.

0% 5% 10%

Sources: Eurostat 2012

Growth of Labor Costs in Total Economy 2002-2011

(annual average growth in percent )

1.6%

2.4%

3.0%

3.1%

3.3%

3.7%

5.7%

5.8%

7.5%

7.2%

Germany

France

Austria

Netherlands

Spain

UK

Czech Rep.

Poland

Hungary

Slovak Rep.




Best PracticeExample

BorgWarner

Leading international vehicle pow-ertrain components and systemsmanufacturer BorgWarner has be-come a firm fixture of the businesslandscape in the state of Thuringiain Eastern Germany. Dual-clutch

transmission modules and all-wheeldrive systems have been in produc-tion at the company’s Arnstadt sitesince 2003.

In 2006, the international marketleader invested EUR 26 million in anew assembly hall, creating 150 new

jobs. The investment allowed overallproduction space to be expanded toover 10,000 m², and represented adoubling of the production volume todate. The assembly hall investment

allows the company – whose interna-tional clients read like a who’s who ofthe global auto industry – to respondto the forecast demand increase of500 percent for dual transmissionsystems by the year 2013.

The expanded complex also housesa lab and test track on which newtechnologies and modifications arebeing evaluated. In August 2010, theArnstadt production site reached asignificant landmark – over 2 milliontransmission systems have beenproduced to date.

BorgWarner is a long-establishedpresence in Germany. In 1997, thecompany acquired the turbochargerdivision of Kühnle, Kopp & KauschAG. Capacity at the firm’s Kircheim-bolanden, Rheinland-Pfalz, site wasincreased to more than one millionturbochargers in the same year.Two years later, the company bought

Schwitzer, which was integrated intoBorgWarner Turbo Systems division.

In 2000, the company moved to themain headquarters of the turbo sys-tems division in Kirchheimbolanden.The same year, around 85 employ-ees moved into the EUR 2.4 milliondevelopment center extension, cre-ated to stay apace of growing turbo-charger demand.

The company’s decision to sustain-ably invest in Germany over a pro-longed period of time is predicatedon the country’s excellent creden-tials as a highly advanced technol-ogy location and extant auto industrysupplier infrastructure. The readyavailability of a highly trained andqualified workforce also proved cri-tical to the industry giant’s decisionto locate in Germany.

Success Story

BorgWarner - Kirchheimbolanden, Germany

Moreover, being based at severalsites in Germany also allows thecompany to efficiently service de-mand in established and developingmarkets in western, central, andeastern Europe respectively.




Germany Trade &Invest Helps You

Germany Trade & Invest’s teams ofindustry experts will assist you insetting up your operations in Ger-many. We support your project ma-nagement activities from the earlieststages of your expansion strategy.

We provide you with all of the industryinformation you need – coveringeverything from key markets andrelated supply and application sec-tors to the R&D landscape. Foreigncompanies profit from our rich ex-

perience in identifying the businesslocations which best meet theirspecific investment criteria. We helpturn your requirements into concreteinvestment site proposals; providingconsulting services to ensure youmake the right location decision. Wecoordinate site visits, meetings withpotential partners, universities, andother institutes active in the industry.

Our team of consultants is at handto provide you with the relevant back-ground information on Germany’s taxand legal system, industry regulati-ons, and the domestic labor market.Germany Trade & Invest’s experts help

you create the appropriate financialpackage for your investment and putyou in contact with suitable financialpartners. Incentives specialists pro-vide you with detailed informationabout available incentives, supportyou with the application process, andarrange contacts with local economicdevelopment corporations.

All of our investor-related services

are treated with the utmost confiden-tiality and provided free of charge.

Project Management Assistance

Coordination andsupport of nego-tiations with localauthorities

Joint projectmanagement withregional develop-ment agency

Project partneridentificationand contact

Market entrystrategy support

Business oppor-tunity analysis andmarket research

Location Consulting /Site Evaluation

Final sitedecision support

Site visitorganization

Site preselectionCost factoranalysis

Identification ofproject-specific

location factors

Accompanying in-centives applicationand establishmentformalities

Administrativeaffairs support

Organization ofmeetings withlegal advisors andfinancial partners

Project-relatedfinancing and incen-tives consultancy

Identification ofrelevant tax andlegal issues

Support Services

Decision & InvestmentStrategy Evaluation

Our Investment Project Consultancy Services



Contact

Imprint

Publisher & Editor

Germany Trade and InvestGesellschaft für Außenwirtschaft und Standortmarketing mbH

Friedrichstraße 6010117 BerlinGermanyT. +49 30 200 099-555F. +49 30 200 099-999

[email protected]

Chief Executives

Dr. Jürgen Friedrich, Michael Pfeiffer

Authors

Stefan Di Bitonto, Manager, Mechanical & Electronic Technologies,Germany Trade & Invest, [email protected]

Marko Kolbe, Senior Manager, Mechanical & Electronic Technologies,Germany Trade & Invest, [email protected]

William MacDougall, Senior Manager, Marketing & Communications,Germany Trade & Invest

Editor

William MacDougall, Germany Trade & Invest

Layout

Germany Trade & Invest

Print

CDS Chudeck-Druck-Service, Bornheim-Sechtem

Support

Promoted by the Federal Ministry of Economics and Technology and the FederalGovernment Commissioner for the New Federal States in accordance with a GermanParliament resolution.

Notes©Germany Trade & Invest, September 2012All market data provided is based on the most current market information availableat the time of publication. Germany Trade & Invest accepts no liability for the actuality,accuracy, or completeness of the information provided.

Order Number

13688



The information contained in this brochure has been compiled

from the following sources:

VDA (German Association of the Automotive Industry), Annual Report, Berlin, 2012.VDA, “German automotive industry is emerging faster from the crisis”(press release), Berlin, July 2, 2010.VDA, Facts & Figures (website), 2012.ACEA (European Automotive Manufacturers Association),EU Economic Report, Brussels, 2011.Ernst & Young, European Automotive Survey , 2011.PricewaterhouseCoopers, Zukunft in Bewegung, 2009.A.T. Kearney FDI Confidence Index 2012.

Automobil Produktion Suppliers Ranking 2010/11.McKinsey Deutschland, Wettbewerbsfaktor Energie –Neue Chancen für die deutsche Wirtschaft, Frankfurt am Main, 2009.Institut für Mittelstandsforschung Bonn (IfM), Bonn, 2010.Federal Statistical Office, Hochschulstatistik 1980-2008, Wiesbaden, 2009.Federal Statistical Office, Umsatz im Verarbeitenden Gewerbe (Wertindex) 1999-2009,Wiesbaden, 2009.Federal Statistical Office, Beschäftigte und Umsatz der Betriebe imVerarbeitenden Gewerbe, Wiesbaden, 2011.Wirtschaftswoche, Elektroauto-Serie, 17/2010.Stifterverband Wissenschaftsstatistik, FuE-Datenreport 2010, Essen, 2010.UNCTAD (Uninted Nations Conference on Trade and Development),World Investment Report 2011.

WIPO (World Intellectual Property Organization),The International Patent System – Trends and Analysis, Geneva, 2009.



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About Us

Germany Trade & Invest is the foreign trade and inward investment

agency of the Federal Republic of Germany. The organization

advises and supports foreign companies seeking to expand into

the German market, and assists companies established in

Germany looking to enter foreign markets.

All inquiries relating to Germany as a business location are

treated confidentially. All investment services and related

publications are free of charge.

Promoted by the Federal Ministry of Economics and Technologyand the Federal Government Commissioner for the New FederalStates in accordance with a German Parliament resolution.

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automotive industry in germany 2014

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