German carmaker revenue falls 4 percent in first quarter
An EY study shows German auto revenue fell 4% in the first quarter as global rivals grew. High costs and geopolitical tensions continue to weigh on the sector.
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Germany carmakers saw revenue fall 4% in the first quarter as global competitors grew 2% according to an EY analysis. This decline contrasts with revenue gains by Japan and United States manufacturers during the same period. High software costs and slow electric vehicle adoption are eroding traditional German market dominance as the industry undergoes a structural transformation.
