Toyota production in Miyawaka
In terms of operating profit, Japanese carmakers are even leaving Daimler behind.
DüsseldorfThe world in Wolfsburg could actually be okay. With 5.5 million vehicles sold was VW also in the first half of the year the largest automaker in the world. Even the profit was lush with 8.16 billion euros. But the global comparison in the industry shows that the German auto giant has pent-up demand for efficiency.
Because in terms of profitability, the Japanese manufacturers are moving away, according to a new study by the consulting firm EY. Alone the big one VW-Competitor Toyota was able to profit in the first half by a whopping 30 percent compared to the previous year increase. Also the other automotive companies out Japan – Mitsubishi and Suzuki – come on a rich profit increase of 26, or 25 percent.
In terms of operational returns let Suzuki and Toyota even now Daimler behind. While the Japanese make a profit of 1919 euros with every car sold, Wolfsburg comes to about 1563 euros. However, in the VW numbers and the luxury brands Audi and Porsche contain.
Overall, the balance of German manufacturing falls BMW. Daimler and VW in the first half of the year. Diesel crisis and trade conflicts between the USA, China and Europe burdened the operating profits of the three companies, in the first half of the year by 12 percent. Worldwide, the confidence in the diesel seems to dwindle, the heels go back in a key German technology. In addition, recalls and conversions cost a lot of money.
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Japanese manufacturers organize production network differently
And the uncertainties in international trade have grown. Even though German industry has just been able to avert US punitive tariffs on European cars, Trump’s trade policy becomes a business risk for companies. After all, all three corporations in the US produce cars for the world market.
In particular, the trade conflict between the US and China, the corporations are therefore expensive. The Japanese, on the other hand, have organized their production network differently and have been able to escape the risks so far.
And also another Autonation belonged according to the EY study in the first half-year to the large winners. The French car companies Renault and PSA were able to increase their profits by 19 percent, or eleven percent. The once European-fixated French push their models more and more into lucrative emerging markets such as Russia and India.
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It looks even worse for giants of the US auto industry. General Motors, Ford and Fiat Chrysler are in the middle of the transformation. With a margin of a meager 2.2 percent, Ford is in last place overall in global comparison of car companies. The profit has almost halved compared to the previous year.
And also for the largest US manufacturer General Motors The first year went bad. The former OpelMother also made half as much profit as the year before. Especially in the lucrative Chinese market, the Americans have lost ground. In Europe, GM is no longer represented, while Ford has to deal with a massive problem.
Despite the few winners in the first half of the year, the auto industry can look back on very successful years. This shows a comparison with the second quarter of 2009: In the crisis year then, the global sales of the industry was still 224.2 billion euros, with a loss of 7.1 billion euros. In the second quarter of this year, the industry generated sales of around 410.8 billion euros, about 83 percent more than in 2009. And profits also increased globally to 26.1 billion euros.