{"id":347470,"date":"2025-12-15T20:55:08","date_gmt":"2025-12-15T20:55:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/347470\/"},"modified":"2025-12-15T20:55:08","modified_gmt":"2025-12-15T20:55:08","slug":"automakers-see-worst-profits-since-2009-dw-12-15-2025","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/347470\/","title":{"rendered":"Automakers see worst profits since 2009 \u2013 DW \u2013 12\/15\/2025"},"content":{"rendered":"

German<\/a> car manufacturers turned in their worst quarter since the days of the 2009 global financial crisis, according to a report released by financial consultancy EY<\/a>.\u00a0<\/p>\n

Together, earnings before interest and taxes (EBIT) at Germany’s biggest automakers, Volkswagen<\/a>, BMW and Mercedes-Benz, plummeted by nearly 76% in the quarter between July and September.\u00a0<\/p>\n

The statistics indicate that although sales and revenue remained stable, production and running the business has become much more expensive, and carmakers are earning less from sales.\u00a0<\/p>\n

Between July and September, the earnings\u00a0amounted\u00a0to\u00a0\u20ac1.7 billion ($2 billion), the lowest since quarter 3 in\u00a02009, the study showed.\u00a0<\/p>\n

The average EBIT of 19 of the world’s larges\u00a0carmakers in the study shrank by 37% to around \u20ac18.9 billion \u2014 the lowest since 2018.<\/p>\n

EBIT is a measure showing a company’s profit from core operations, and excludes effects on the bottom line from financing and taxes.\u00a0<\/p>\n

EY’s report had Germany as the worst-performing car manufacturing nation<\/a> in its analysis in terms of profit and revenue.<\/p>\n

The global auto industry\u00a0has been in the midst of a profitability crisis for a while, with EY noting that a weak market, high tariffs, adverse exchange rates and big EV and restructuring investments have all contributed to dragging it down.<\/p>\n

EY automotive expert Constantin Gall explained: “The global automotive industry is in a deep crisis. However, it is currently the German car companies that are suffering particularly badly.”\u00a0<\/p>\n

Germany’s auto industry is a key pillar of the country’s economy.\u00a0<\/p>\n

EY called the automobile market extremely competitive<\/a>, adding that a weakening economy has impacted the sale of premium segment cars, though sales of electric vehicles are growing steadily.<\/p>\n

BMW outpaces German rivals<\/p>\n

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"German car manufacturers turned in their worst quarter since the days of the 2009 global financial crisis, according…\n","protected":false},"author":2,"featured_media":347471,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":{"0":"post-347470","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/347470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=347470"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/347470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/347471"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=347470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=347470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=347470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}