Germany's automotive suppliers need to take more risks and become more flexible. This is the conclusion of a recent study by management consultants PwC. Although German companies are increasing their research spending, Chinese competitors lead in innovations.
By Christiane Kuehl
Despite all the geopolitical concerns of the German government, many companies are interpreting de-risking by expanding their business in China. In doing so, they are trying to make it weatherproof. This also applies to automotive supplier ZF Friedrichshafen. Meanwhile, the company is planning to cut jobs in Germany.
By Christian Domke Seidel
German auto suppliers are being urged to abandon their cherished precision and accelerate their processes in order to remain competitive in China. The more decision-making freedom the Chinese organization possesses, the faster and more competitive it can be. For many traditional companies, this would entail a cultural shift.
By
The transition to electromobility demands not only high flexibility from auto suppliers but also billions in investments. Hence, those with substantial capital and established roots in the growing Chinese market are at an advantage.
By Christian Domke Seidel
