Constantin Gall News Today

BERLIN, June 12 (Xinhua) -- German car manufacturers saw a 1.7 percent decline in revenues in the first quarter (Q1) of the year, while their profits plummeted by a quarter during the same period, according to consulting firm Ernst and Young (EY) on Wednesday.

German carmakers see profits slump by a quarter in Q1: EY-

Sales of electric cars continue to weaken. Last month, just under 29,700 passenger cars with pure battery drive were newly registered, according to the Federal Motor Transport Authority on Monday....

Sales of electric vehicles plummeted in January, hinting at turmoil within the broader German automotive sector

BERLIN: Sales of new cars in Germany increased in 2023, official data showed, but an end to government subsidy programmes saw electric vehicles lose ground on fossil-fuel models.

BERLIN: Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government...

Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government subsidy programmes saw electric vehicles lose ground on fossil-fuel models.

The end to the subsidy programmes has further taken the wind out of the electric car market, with sales of battery models down in recent months. The lack of state support "will lead to a decline in new electric vehicle registrations this year", EY analyst Constantin Gall said.

Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government subsidy programmes saw electric vehicles lose ground on fossil-fuel models.The end to the subsidy programmes has further taken the wind out of the electric car market, with sales of battery models down in recent months.

The worlds leading car manufacturers have recently increased their sales and profits significantly. In the third quarter of the year, sales of the 16 largest car companies rose by 11 percent to 504...