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In the heart of the ongoing automotive industry crisis, Dr. Nicole Hoffmeister-Kraut, Minister for Economic Affairs, Labour, and Tourism, has taken a proactive stance. Speaking ahead of the IAA Mobility 2025 in Munich, she emphasised the need for decisive political action from the European Union.
The automotive industry is currently grappling with weakening demand, rising costs, uncertain sales markets, geopolitical crises, and potential EU regulations that could exacerbate the situation. The Minister criticised the EU's plans to introduce new regulatory requirements, stating that it borders on political reality denial. She also criticised the EU for threatening to undermine competitiveness with additional regulations and bans, putting tens of thousands of jobs at risk.
On September 11, Minister Hoffmeister-Kraut will continue her company visits in the Neckar-Alb region, engaging with CEOs of leading automotive and supplier companies. She will also tour two plants in the automotive and machinery industries and engage in discussions with regional transformation networks.
The Minister advocates for reliable framework conditions that encourage investments and innovations, rather than controlling the transformation with ever-new regulations and burdens. She proposes affordable charging electricity for electric cars, competitive electricity prices for industry as a whole, stronger investment incentives, faster expansion of high-performance charging infrastructure, and prompt removal of international trade barriers as measures to increase competitiveness.
In addition to her focus on the domestic front, Minister Hoffmeister-Kraut is also looking towards international partnerships. She plans a significant exchange with Hildegard Müller, focusing on current challenges in the automotive industry. Another significant exchange is planned with Victor Fedeli, focusing on international cooperation with Canada.
The Minister urges technology openness and location strengthening to be the centre of EU policy, and for the EU to support industries instead of burdening them. She emphasises the loss of around 50,000 jobs in the automotive industry alone in the past twelve months as a deeply concerning message for the entire Economic location of Baden-Württemberg and Germany.
The regional networks are doing valuable work in this regard, and the federal government is continuing to support them. The Ministry of Economic Affairs, Labour and Tourism can be contacted via email in the Press Office or through the Citizen's Representative.
As the automotive industry navigates through challenging times, Minister Hoffmeister-Kraut's calls for action and openness resonate, offering a glimmer of hope for a brighter, more competitive future.
