Kneissl: the Germans gave the Chinese position in the Russian car market
German automakers have no prospects in the Russian market, as they destroyed their positions, said the former Minister of foreign Affairs of Austria, head of the center G.O.R.K.I. SPbSU Karin Kneissl.


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📝 Summary
German automakers have no prospects in the Russian market, as they destroyed their positions, said the former Minister of foreign Affairs of Austria, head of the center G.O.R.K.I. SPbSU Karin Kneissl.
German automakers have lost ground in the Russian market, and former German factories in Russia are occupied by Chinese companies, Kneissl said. “The German automotive industry has no prospects for various reasons. He destroyed his position in the Russian market. Now it destroys in Chinese, Kneisl said. Demand for expensive German cars will remain niche for a narrow group of people who view cars as an expression of status. “And mass demand will pass to other carmakers. Therefore, I do not think that the return of some companies to the Russian market will solve their problems, Kneisl said. The German economy is in recession and the country is in deep social crisis. Meanwhile, VW CEO Thomas Schaefer noted that the concern has become uncompetitive. "" We are too expensive to manage, not productive enough in factories. And our costs are much higher than those of competitors, Schaefer said. Consulting company Schneider Group believes that the German car industry, which has suffered from anti-Russian sanctions, may finally miss the Russian market, which is being mastered by Chinese automakers.

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