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Corona study: The crisis hit the auto industry so hard – economy

The corona crisis has consistently hit the auto industry hard!

However, there are very different results among the vehicle manufacturers in the first half of 2020, according to the industry expert Ferdinand Dudenhöffer. According to the professor, a current study shows the “hidden problems.

An example: The car sales of the VW concern fell by 28 percent, that of Toyota by 29 percent.

But: Volkswagen lost 415 euros per car, while Toyota 533 euros and the French Opel parent PSA even made 707 euros profit per car.

► This shows “that the VW group must certainly make more adjustments than at Toyota,” wrote Dudenhöffer in his study. Time is of the essence, because VW has benefited from the China business, which PSA hardly has.

And with the merger of PSA and Fiat Chrysler, VW’s economies of scale would also decrease.

The comparison in the upper class is just as surprising. The loss per car sold is around 1100 euros for BMW, less than 600 euros for Mercedes and Audi and only 343 euros for Volvo, although they had similar sales slumps.

High losses in the Corona crisis are “an indicator of the need for adjustments by individual companies,” said Dudenhöffer. Because the recovery of the auto markets in Europe and America will take a very long time. “Capacity must therefore be reduced.”



Despite the crisis, Porsche earned almost 10,000 euros on each car, Tesla almost 3,000 euros. The US electrical pioneer’s profit from the sale of CO2-Certificates to other car manufacturers are included in Dudenhöffer.

Unlike everyone else, Tesla is investing in new plants.

GM has focused on the markets in America and China and is making a profit – Ford is writing deep red numbers. The new Ford boss Jim Farley is likely to weigh up in the next few months whether and how the European business can be restructured sustainably, Dudenhöffer expects.

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