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German automotive SMEs face economic challenges

Just Auto
Summary
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82% Informative

A recent survey by the German Association of the Automotive Industry (VDA) reveals a sombre outlook among German automotive small and medium-sized enterprises (SMEs) for the year 2025 .

Half of companies in Germany have not met their economic performance expectations for 2024 .

Over half of the companies are reducing their workforce in Germany , while 14% are hiring.