German carmakers urged to ‘reduce dependencies’ on individual markets
German automotive industry’s dependence on certain markets is not only an economic issue, but also a question of security, says foreign minister.

Germany’s foreign minister has warned German carmakers about the risks of being too dependent on individual markets.
?Speaking at an international motor show in Munchen on Thursday, Annalena Baerbock said automotive industry is going through a big transformation worldwide, offering both new challenges and opportunities.
?"The cards are being reshuffled at the moment. This is also an opportunity to learn from old mistakes and reduce dependencies on individual markets, and become a leader in climate-neutral mobility,” Baerbock said.
?“For our country, where the automotive industry accounts for a large share of value creation, this is not just an economic issue, but also a question of security,” she added.
?China is currently the most crucial market for German automotive industry, and the country accounts for more than 30% of sales for carmakers like Volkswagen, BMW and Mercedes.
?Despite close economic ties between the two countries, political relations have suffered tensions in recent years due to China’s foreign policy moves, disagreements over Taiwan, and human rights issues.
?The German government has recently adopted a new strategy toward China, and stressed that Berlin will continue cooperation with Beijing on issues of common interest, but will reduce one-sided dependencies.
?The government’s new National Security Strategy described China both as “a partner, competitor and a systemic rival.”
Most Read News
-
Germany offers Syrians up to $4,555 to return home
-
Recent Russian strikes on Kyiv were 'not necessary,' say
-
Pakistan says any Indian attempt to divert, stop flow of
-
Turkic world will continue to stand by Turkish Cypriots,
-
Despite stated ban, Spain continues to buy arms from Isr
-
China denies having talks with US on tariffs
-
60 militants from paramilitary RSF killed in North Darfu
-
Nearly half of Americans now live with dangerous air qua
-
Zelenskyy partially cancels South Africa visit in wake o
-
Britain lifts sanctions against Syrian defense, interior