{"id":31417,"date":"2022-09-14T06:33:33","date_gmt":"2022-09-14T10:33:33","guid":{"rendered":"http:\/\/autosector.com\/?p=31417"},"modified":"2022-09-14T06:33:33","modified_gmt":"2022-09-14T10:33:33","slug":"bmw-ceo-expects-germany-enter-recession","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=31417","title":{"rendered":"BMW CEO Expects Germany To Enter A Recession, But Won\u2019t Be That Bad For BMW"},"content":{"rendered":"

The coronavirus pandemic is still disrupting the automotive industry as delivery times continue to be longer compared to pre-2020 levels. Automakers have been facing new problems caused by the unstable geopolitical generated by Russia\u2019s invasion of Ukraine, thus creating a perfect storm. Add into the mix high inflation and the European Union\u2019s decision to rely less on gas imported from Russia, many experts believe it\u2019s only a matter of time before there will be a recession in Germany.<\/p>\n

During an event organized by weekly business news magazine Wirtschaftswoche<\/em>, BMW CEO Oliver Zipse firmly declared \u201cthere will be a recession\u201d in the company\u2019s home market. However, he isn\u2019t overly concerned: \u201cIt always sounds so dramatic. But we just don\u2019t grow anymore for a while. So, the world doesn\u2019t end there when a recession comes. That\u2019s what we are for we\u2019ve grown over the last ten years.\u201d<\/p>\n

Indeed, BMW managed to beat the odds in 2021 by posting its best annual sales results ever despite a car market still negatively impacted by COVID-19. The whole group \u2013 which includes MINI and Rolls-Royce, with ALPINA to join from 2026 \u2013 sold a combined 2,521,525 cars<\/a>. That said, the first half of 2022 wasn\u2019t great as deliveries dropped by 13.3%<\/a> compared to H1 2021.<\/p>\n

BMW\u2019s head honcho doesn\u2019t expect the company\u2019s production to suffer downtime due to a lack of gas. In a recent interview with German regional daily newspaper Augsburger Allgemeinen<\/em>, Audi CEO Markus Duesmann also stated he doesn\u2019t think operations will be interrupted by gas shortages. Per Germany\u2019s Federal Network Agency, gas storage facilities were at 87.95% full last weekend. Should gas supply become an issue, the head honcho in Ingolstadt anticipates there could be production bottlenecks in paint shops and at some of its suppliers.<\/p>\n

In the meantime, BMW has some new metal on the showroom floor, with products such as the 3 Series LCI, the next-generation 7 Series, and the X7 LCI. The hotly anticipated XM debuts on September 27<\/a>, with the new M2 and 3.0 CSL to arrive before the year\u2019s end. In 2023, some of the new models we\u2019re going to see include the next 5 Series \/ i5 and facelifted X5 \/ X6.<\/p>\n

Source: Automobilwoche (subscription required)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The coronavirus pandemic is still disrupting the automotive industry as delivery times continue to be longer compared to pre-2020 levels. Automakers have been facing new problems caused by the unstable geopolitical generated by Russia\u2019s invasion of Ukraine, thus creating a perfect storm. Add into the mix high inflation and the European Union\u2019s decision to rely […]<\/p>\n","protected":false},"author":25,"featured_media":31418,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2],"tags":[],"class_list":["post-31417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/31417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31417"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/31417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/31418"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31417"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}