Name: To see Germany’s future, look at its cars | The Economist
Uploaded: 2021-09-25T05:03:19.000Z
Duration: 11 min 3 s
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From its increasingly complex relationship with China...

All eyes will be on how Germany's new leaders...

But there's one German industry that reveals a lot...

Traditionally, the car industry here has been very powerful

There have been open doors to German ministries, to the chancellery

Germany's car industry is a vital part of its economy

With links to government that go back decades

How this world-renowned motor industry...

...navigates the challenges ahead could tell you more than you think...

It's cutting-edge engineering like this that has helped place...

...carmakers at the heart of the German economy

And the industry has proved a bellwether...

...for the country's future prospects too

...car exports have risen with Germany's wealth and influence

Manufacturing is incredibly important in Germany

And of course, the car sector represents a very large part of that

It's not quite, you know, where the car industry goes...

...Germany goes, but the sector is absolutely crucial...

...to the future of Germany and the future of its industrial model

But that industrial model could be under threat

After over half a century of global dominance...

...German carmakers are now playing catch-up

And it's not just the car industry that's losing ground

...seven of the world's most valuable companies were German...

...but in the past two decades, that number has fallen to just three

How Germany's carmakers attempt to claw back global market share...

...could be telling for the economy as a whole

Almost half of Germany's GDP comes from exports

Cars make up the biggest proportion of this

It can point to alliances or trouble brewing

Since 2016 China has been Germany's biggest trading partner

In 1998, German trade with China was worth $16bn...

...could have become too reliant on the Chinese market

For the past 16 years, Angela Merkel has courted China...

Particularly now, we're in this context of this emerging systemic competition...

At least for some people, there is a worry...

...that putting all of your eggs into the Chinese basket...

...might leave you exposed to some of the ill winds of...

...that might be heading Germany and Europe's way in the coming years

...Germany's China policy is going to have to be recalibrated...

...basically on pretty much every single front

Germany's new leader will face the same challenge as its car industry

How to keep their biggest trading partner onside…

China already leads Germany in one crucial aspect of manufacturing...

...that has been closely associated with digital innovation

Look at carmakers, and it's, you know traditionally...

...engineers have been at the heart of what it is that car manufacturers do...

...making components, fitting them together, making them look beautiful

The digital skillset has traditionally taken a backseat...

And it's not just Germany's car industry that needs to modernise

Before the pandemic, two-thirds of German businesses...

...said they still regularly used a fax machine

And only one in three German companies...

Just eight years ago, Angela Merkel became a meme...

...when she referred to the internet as “Neuland”...

The next government is probably going to have to be...

...than the ones that Angela Merkel has led for the last 16 years

And it's going to have to do a hell of a lot more...

...to translate the rhetoric on digitalisation...

...into the reality of fostering genuine change in this country...

...which has been severely lacking for the last couple of decades

...that could define Germany's global relevance: climate change

Here, Germany's car industry is a microcosm...

...for how the country will need to radically shift

Traditional forms of power will need to be replaced

For cars, that means a race to go electric

Oliver Zipse took over as CEO of BMW in 2019

He's overseeing one of the biggest shifts in the company's history

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To see Germany’s future, look at its cars | The Economist

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