The best car companies increase sales and profits - A look at the current developments in the automotive industry.

The best car companies increase sales and profits - A look at the current developments in the automotive industry.

According to a report by www.tagesschau.de,

The world's largest car companies posted high sales and profits in the third quarter, with Mercedes-Benz having the highest profit margin. Sales of the top 16 car manufacturers rose by eleven percent to a good 504 billion euros, while total profits rose by 35 percent to almost 39 billion euros. Mercedes-Benz led the ranking of the most profitable car companies with a margin of 13.0 percent, ahead of Toyota (12.6 percent) and BMW (11.3 percent). The weak yen helped Japanese car companies achieve an increase in operating profit of 103 percent.

The switch to electromobility will be a crucial test for the industry. Although electric car sales in the USA have risen to a record high, customers in other countries are still cautious. In China, Germany and Norway, the share of electric vehicles in total sales is much higher than in the USA. In addition, Germany is in danger of losing touch when it comes to car start-ups, as comparatively little is invested in start-ups in this country.

These developments show that the automotive industry is facing major challenges and changes, especially with regard to electromobility and innovations. Investing in start-ups and promoting electromobility will be crucial in the coming years to remain competitive. It is important that car companies and the industry as a whole take these developments seriously and adapt to them.