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Automakers Buoying German Economy

Despite European recession, companies adding jobs in Germany.

by on Dec.31, 2013

Volkswagen and other German automakers are making a major impact on the country's economy despite a European recession.

With Volkswagen, BMW and Daimler AG all making major contributions, the success of the German auto industry continues to bolster that country’s economy, which is widely regarded as the strongest in Europe and one of the strongest in the world.

Despite the pressure for profits and the recession in Europe, the Volkswagen Group alone managed to add 11,000 new jobs in Germany during 2013.

Global News!

Through November, the Volkswagen Group employed about 260,000 people in Germany, compared to 249,000 at the end of 2012. (more…)